INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is planning to install gamma ray scanners or radiation sensors at its Manila International Container Terminal (MICT) this…
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BOC May collection up 41%
THE Bureau of Customs (BOC) collected revenues of P17.2 billion in May, up 41% more than the P12.2 billion collected last year. The May…
It’s final: ICTSI, ATS not interested in NH
PORT operator International Container Terminal Services, Inc. (ICTSI) and domestic shipping company Aboitiz Transport System (ATS) have permanently dropped plans to bid for the…
North Harbor to have only one operator – PPA
THE Philippine Ports Authority (PPA) has approved the terms of reference for the privatization of Manila North Harbor, giving the entire facility to a…
Duties on Air Freight Charges
IMPORTERS, customs brokers and forwarders normally encounter problems clearing air shipments with customs due to discrepancies in the computation of duties and taxes arising…
Integrated Logistics Under RA 9280
CASE STUDY 1. A local manufacturer, Santa Barbara Company (SBC), imports various articles on a Delivered Duty Paid (DDU) terms of trade. The foreign…
Asia’s SMEs worry over lack of innovation, qualified staff
THE lack of innovation, availability of qualified staff, and limited access to funding and working capital continue to threaten the long-term sustainability of the…
ATI sees 79% higher income
PORT operator Asian Terminals, Inc (ATI) posted a consolidated net income of P663.6 million in 2005, 79% higher than the P370.9 million it registered…
BOC amenable to harsher smuggling penalties
THE Bureau of Customs is open to imposing stiffer penalties for smuggling, BOC lawyer Roberto Bauzon said during a meeting of the Senate ways…
SBMA watches out for new tricks of smugglers
ANTI-smuggling Task Force Subic (TFS) seized the other day six imported cars worth more than P5 million as Subic Bay Metropolitan Authority (SBMA) intensifies…
February imports up 4.6%
HIGHER oil prices led the growth in Philippine imports in February, but purchases of electronic components used in manufacturing the country’s key exports slipped,…
RMC 9-2006: BIR Rules for Customs Brokers
TO those in the importing and logistics industry, it is common knowledge that un-receipted expenses are incurred every time shipments are processed and cleared…
New Rules for Customs Assessment Disputes
THE Bureau of Customs (BoC) recently issued new rules gover-ning assessment disputes (valuation and classification issues) brought before the Valuation and Classification Review Committee…
CTAP irked over committee’s inaction over industry woes
TRUCK operators are frustrated over the slow action of a technical committee formed by the government to look into the industry’s plight. Almost two…
Customs overshoots Q1 target
THE Bureau of Customs has exceeded its first-quarter collection goal by more than 5%, so far recording three consecutive months of such performance in…
CCBI: Brokers must maintain independence at all times
CUSTOMS brokers may not be hired as in-house brokers under Republic Act 9280 or the Customs Brokers Act of 2004, stressed the Chamber of…
2GO eyes cold chain biz
2GO, the logistics arm of Aboitiz Transport System (ATS), said it will enter the cold chain business within the year.2GO said the proposed cold…
Shipping lines can’t bid for North Harbor operations, management – PPA
THE Philippine Ports Authority (PPA)is dropping an earlier plan to allow shipping lines to bid for the management and operations of the North Harbor…
DMAP: No price increases from members
DISTRIBUTION managers have no plans to increase prices just yet despite the imposition of the additional 2% value-added tax (VAT) earlier this month, the…
PSB hopeful of cut in THC by second quarter
THE Philippine Shippers’ Bureau (PSB)expects a reduction in the terminal handling charge (THC) levied by international shipping lines by the second quarter of the…
