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ICTSI proposes construction of multi-billion peso overpass to MICT

ICTSI proposes construction of multi-billion peso overpass to MICT

Apr. 24 | Port operator International Container Terminal Services, Inc. (ICTSI) is improving access to and from its flagship operation, Manila International Container Terminal (MICT), with two road projects, including a multi-billion-peso overpass. ICTSI has submitted...

Importer registration process at BOC drafted

Importer registration process at BOC drafted

Apr. 24 | The draft order covering the process of importer registration at the Philippine Bureau of Customs (BOC) has been released. Position papers on the draft CAO, which will operationalize certain provisions of the Customs Modernization and Tariff Act (CMTA),...

P48.5B Cavite-Laguna road project OK’d, to open by 2020

P48.5B Cavite-Laguna road project OK’d, to open by 2020

Apr. 24 | The P48.5-billion Cavite-Laguna Expressway (CALAX) project has been approved by the Philippine Board of Investments (BOI). Scheduled to start commercial operations in July 2020, CALAX is one of the priority public-private partnership (PPP) infrastructure...

Trump ‘biggest risk’ to trade: port magnate

Trump ‘biggest risk’ to trade: port magnate

Apr. 24 | US President Donald Trump, Jr. is today’s biggest risk to global trade, according to port and casino tycoon Enrique Razon, Jr. “Trump is the biggest issue, by far probably the only risk. Well, economic growth of course is always a risk, but Trump...

LBC Express net income leaps 120%; growth plans unveiled

LBC Express net income leaps 120%; growth plans unveiled

Apr. 24 | Courier and remittance company LBC Express Holdings, Inc. reported a 120% surge in net income for 2016 to P913.9 million from P416.3 million in the previous year, as improved cost of air and sea freight drove demand for air and courier services. Its operating...

Mighty’s legal woes mount as BIR mulls more charges

Mighty’s legal woes mount as BIR mulls more charges

Apr. 24 | Philippine cigarette manufacturer Mighty Corp. is facing a string of additional criminal complaints involving tax liabilities of over P27 billion for the alleged possession and use of fake internal revenue stamps, according to initial assessments made...

DOTr to relocate to Clark by midyear

DOTr to relocate to Clark by midyear

Apr. 24 | The Philippine Department of Transportation (DOTr) will be transferring its main office to Clark, Pampanga in July this year, leading plans to relocate government offices outside of Metro Manila to decongest the mega city. Transportation Secretary Arthur...

PH local airlines post 1.9% drop in 2016 cargo volume

PH local airlines post 1.9% drop in 2016 cargo volume

Apr. 19 | Cargo volume handled by Philippine domestic carriers in 2016 declined 1.9% to 267.657 million kilograms from 272.707 million kg in 2015, data from the Civil Aeronautics Board (CAB) showed. Low-cost carrier Cebu Pacific still accounted for the highest...

Portal on PH mega infra developments launched

Portal on PH mega infra developments launched

Apr. 18 | The Philippine government has created an online portal to enable the public to monitor and track details and developments in the country’s big-ticket infrastructure projects. The Build Build Build Portal (www.build.gov.ph) lists high-impact projects...

Draft PH customs rule guides handling of stores aboard foreign air, sea craft

Draft PH customs rule guides handling of stores aboard foreign air, sea craft

Apr. 18 | The Philippine Department of Finance (DOF) and Bureau of Customs (BOC) have released the draft administrative order that will implement the provisions of the Customs Modernization and Tariff Act (CMTA) on how to use different types of stores aboard international...
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