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Archive for August, 2016

Thai export volume, factory output growth rates slip in July

Thai export volume, factory output growth rates slip in July

Aug. 31 | Thailand’s export volume in July was valued at US$17.4 billion, a 4.4% contraction compared to the same period in 2015. It is also a steeper decline from the previous month’s growth of negative 0.07%. As a result, the Ministry of Commerce is set to...

Cambodia, Laos seen to sustain strong economic growth rates

Cambodia, Laos seen to sustain strong economic growth rates

Aug. 31 | The economies of Cambodia and Laos are both forecast to remain robust in the short term even as the two Southeast Asian nations face risks arising from the effects of the ongoing slowdown in global trade. In Cambodia, the economy is expected to stay strong...

Leased box fleet outlook dims on demand drop, new price lows

Leased box fleet outlook dims on demand drop, new price lows

Aug. 31 | Declining rental demand has lowered forecasts for growth of the global leased container equipment operating fleet to little more than 1% in 2016 following markedly slow growth of just 3.5% in 2015, according to the latest edition of the Container Leasing...

Draft memo aims to set in motion new PH de minimis rule

Draft memo aims to set in motion new PH de minimis rule

Aug. 30 | The proposed ruling on de minimis stipulates that no duties and taxes are to be collected on goods with a free-on-board or free carrier value of P10,000 and below, a departure from the previous de minimis value of P10. A draft Customs Administrative...

PNP-HPG’s Gardiola is MM traffic czar

PNP-HPG’s Gardiola is MM traffic czar

Aug. 30 | Transportation Secretary Arthur Tugade has designated acting director Sr. Supt. Antonio Gardiola of the Philippine National Police-Highway Patrol Group (PNP-HPG) as Metro Manila’s new traffic czar. The inter-agency council on traffic composed of PNP-HPG,...

Marina eyes return of incentives to spur ship re-fleeting

Marina eyes return of incentives to spur ship re-fleeting

Aug. 30 | Maritime Industry Authority administrator Marcial Amaro III The Philippine Maritime Industry Authority (Marina) is moving to reinstate incentives for domestic shipping operators planning to re-fleet, part of the government’s drive to modernize the country’s...

PH domestic air cargo swells 4.7% in first half

PH domestic air cargo swells 4.7% in first half

Aug. 30 | Cargo volume carried by Philippine domestic airlines in the first half of 2016 grew 4.7% to 123.300 million kilograms from 117.813 million kg in the same period of the preceding year, according to the Civil Aeronautics Board. Low-cost carrier Cebu Pacific...

BIR, BOC reforms to offset P174B revenue loss from tax cuts

BIR, BOC reforms to offset P174B revenue loss from tax cuts

Aug. 30 | The Philippine Department of Finance (DOF) plans to institute reforms at its two attached revenue-generating agencies to compensate for the expected lower revenues from the planned reduction in personal and corporate income taxes. Finance Secretary Carlos...

Bill seeks emergency powers for President to clear NAIA congestion

Bill seeks emergency powers for President to clear NAIA congestion

Aug. 30 | A bill has been filed in the Upper House pushing for emergency powers for the Philippines’ Chief Executive to address air traffic congestion in Metro Manila skies. Senate Bill (S.B.) No. 1067, otherwise known as the “Air Traffic Act,” proposes a...

PH June imports up 15.4% on strong consumption

PH June imports up 15.4% on strong consumption

Aug. 30 | The Philippines was Asia’s consistent top imports performer for the first half of 2016 as the country’s merchandise imports grew 15.4% in June, according to the National Economic and Development Authority (NEDA). “This performance shows the strength...
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