THE Philippine Ports Authority (PPA) recently signed the P2-billion bond flotation agreement with its joint issue manager and lead joint lead underwriter, the Development…
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Keppel: Subic business buoyant
KEPPEL Philippines Marine Inc. (KPMI) sees more activity at its Subic shipyard following government moves to position the freeport as a shipbuilding, ship repair…
Batangas Port privatization in Oct
THE Philippine Ports Authority (PPA) plans to restart privatization of Batangas Port once new cargo-handling equipment is in place by October. In an interview,…
Lorenzo Shipping gets BOI incentives
MAGSAYSAY-owned Lorenzo Shipping Corp.’s (LSC) recent application for Board of Investments registration has been approved. As a result, LSC will enjoy an income tax…
North Harbor bidding back to square one
THE Philippine Ports Authority (PPA) yesterday declared a failure of bidding for the North Harbor, saying the process will only push through if there…
CMO 18-2007: Practical Issues
LAST May, we wrote in our column about the planned Voluntary Disclosure Program (VDP) of the Bureau of Customs (BOC). The Department of Finance…
Customs Demand Letters – Part II
OF late, the Office of the Customs Commissioner (OCOM) has been issuing numerous letters demanding importers to settle deficiencies in taxes and duties for…
First VASP accreditation still awaited
THE accreditation of the first Bureau of Customs (BOC) value-added service provider (VASP) continues to hang with the service level undertaking (SLU) still unsigned…
PCCI seeks restudy of North Harbor privatization
A delay in the North Harbor privatization once again looms after the Philippine Chamber of Commerce and Industry (PCCI) declared it wants to rethink…
AISL airs views on transport cost
(The following was issued by the Association of International Shipping Lines following the release of a World Bank study on transport costs in Asia.)…
ICTSI subsidiary bags Subic container terminal
THE Subic Bay Metropolitan Authority (SBMA) will award the contract to manage and operate the Freeport’s new container terminal to Subic Bay International Terminal…
BOC recommends 80% cut in container security fee
CUSTOMS Commissioner Napoleon Morales has recommended an 80% reduction in the container security fee (CSF) as proposed by the technical working group (TWG) which…
CMO 12-2007: New Basis for Customs Assessment
THE Bureau of Customs (BOC) recently issued Customs Memorandum Order (CMO) 12-2007 which provides new rules redefining the dutiable value of an imported article…
Temporary Imports and Admissions
PART of international trade and customs practices is the concept of Temporary Imports or Temporary Admissions, which are the general terms used to refer…
Open skies at Subic, Clark to boost zones’ logistics hub bid
ECOZONES Subic and Clark will get a boost in their bid to become regional logistics and tourism hubs after the government decided to restore…
More bidders eye Subic container port
AT least three foreign firms are expected to challenge the offer of port operator International Container Terminal Services, Inc. (ICTSI) to operate the Subic…
Fire steels Marina resolve
THE Maritime Industry Authority (Marina) is tightening its grip on domestic vessels to ensure that no company takes advantage of the slowdown in operations…
North Harbor Q1 figures nosedive
SHIP traffic and cargo throughput at the Manila North Harbor posted a double-digit decrease for the first quarter of the year, latest data from…
Better 2007 for container shipping, predicts Maersk
THE international container shipping industry may expect better returns this year on the back of improved freight rates, according to an executive of Maersk…
Guidelines for radiation monitoring project out soon
THE Philippine Ports Authority (PPA) will soon issue implementing guidelines for the radiation monitoring project but these guidelines will not yet include the amount…
