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PH shipping, trucking rates seen to rise with fuel excise tax hike

PH shipping, trucking rates seen to rise with fuel excise tax hike

Dec. 18 | Philippine cargo transport service providers said the higher excise tax on petroleum products to be implemented by next year under the recently passed Tax Reform for Acceleration and Inclusion (TRAIN) bill will inflate operational costs that will eventually...

Quick handling of PH alert orders given renewed emphasis

Quick handling of PH alert orders given renewed emphasis

Dec. 18 | Philippine Customs Commissioner Isidro Lapeña has reiterated that priority must be placed on the examination and disposition of shipments covered by alert orders. The customs chief, in a memorandum dated December 7, reminded district collectors and...

Competition commission deepens review of Udenna’s entry in 2GO

Competition commission deepens review of Udenna’s entry in 2GO

Dec. 18 | The Philippine Competition Commission (PCC) Mergers and Acquisitions Office (MAO) has moved on to a second phase review of Udenna Corporation’s acquisition of shares in KGLI-NM Holdings, Inc., the majority shareholder of 2GO Group, Inc.’s mother...

PH production volume down 6.5% in Oct

PH production volume down 6.5% in Oct

Dec. 18 | Improvement in the delivery of business-related government services as well as innovation across all firm sizes must be aggressively pursued to aid manufacturing output, according to the National Economic and Development Authority (NEDA). The Philippine...

Fil-Indian consortium leads bidding for Clark airport project

Fil-Indian consortium leads bidding for Clark airport project

Dec. 18 | Megawide-GMR Consortium has submitted the lowest financial bid for the engineering, procurement and construction (EPC) of the Clark International Airport (CRK) expansion project, besting four other bidding companies. The opening and evaluation of the...

Chelsea Logistics’ newly acquired vessels to hike earnings 10% by late 2017

Chelsea Logistics’ newly acquired vessels to hike earnings 10% by late 2017

Dec. 18 | Chelsea Logistics Holdings Corp’s (CLC) new vessel acquisitions are expected to increase fleet capacity by 10% and “should start to have meaningful contribution to earnings” as early as the last quarter of 2017. In July 2017, CLC subsidiary,...

CMA CGM introduces SERENITY as solution to damaged or lost goods

CMA CGM introduces SERENITY as solution to damaged or lost goods

Dec. 18 | Image from www.cma-cgm.com/products-services/serenity French shipping company CMA CGM Group has announced the launch of “SERENITY by CMA CGM,” an innovative offering that deals with unforeseen events during freight transport. This new offering is...

PH Oct exports up 6.6%, imports by 13.1%

PH Oct exports up 6.6%, imports by 13.1%

Dec. 18 | The National Economic and Development Authority (NEDA) says continued export growth, economic cooperation, and trade facilitation initiatives will sustain trade gains, as total trade recorded double-digit growth in October 2017. NEDA-attached agency...

DOTr orders tighter security for Christmas season

DOTr orders tighter security for Christmas season

Dec. 18 | Maritime agencies under the Department of Transportation (DOTr) are set to activate this week contingency and security measures to ensure the safety and comfort of travelers during the Yuletide season. Dubbed as “Oplan Biyaheng Ayos!: KAPASKUHAN 2017,” ...

P522M in fake fashion brands confiscated in warehouse raid

P522M in fake fashion brands confiscated in warehouse raid

Dec. 18 | Hundreds of boxes of fake products with an estimated worth of P521.93 million were seized by agents of the Bureau of Customs (BOC) on December 14 in a raid on a warehouse in Pasay City. Agents from the Customs Intelligence and Investigation Service and...
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