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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),...

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...

Exports by Vietnam’s FDI firms slide 13%

Exports by Vietnam’s FDI firms slide 13%

Apr. 24 | Foreign-invested companies continue to dominate the Vietnamese export scene despite posting a decline in the first half of April, latest customs statistics show. Exports by firms funded by foreign direct investment (FDI) reached nearly US$10.87 billion...

Slightly higher growth for Thailand seen this year

Slightly higher growth for Thailand seen this year

Apr. 24 | The Asian Development Bank (ADB) forecasts a slightly higher economic growth for Thailand this year and next, noting that the Asian regional market remains stable despite a slowdown in the Chinese economy. The ADB expects the Thai economy to grow by 3.5%...

Trump signs order to ‘Buy American’, ‘Hire American’

Trump signs order to ‘Buy American’, ‘Hire American’

Apr. 21 | U.S. President Donald Trump signed April 18, 2017 an executive order promoting American industry and protecting it from unfair competition. The executive order will target “the abusive use of waivers and exceptions that undermine ‘Buy American’...

Vietnam customs finalizing NSW rules for aviation

Vietnam customs finalizing NSW rules for aviation

Apr. 21 | The General Department of Customs of Vietnam said it is now preparing the final draft guidelines governing the electronic processing of data on the exit, entry, and transit of aircraft through the National Single Window (NSW). To complete the draft guidelines...

IMF predicts 6.4% growth for Emerging Asia

IMF predicts 6.4% growth for Emerging Asia

Apr. 19 | Growth in Emerging and Developing Asia is expected to hold steady at 6.4% in 2017 and 2018, unchanged from the 6.4% growth recorded in 2016, as the global economy appears headed for a modest recovery, according to a new report by the International Monetary...

SG Customs issues memo on complying strictly with import rules

SG Customs issues memo on complying strictly with import rules

Apr. 19 | Singapore Customs is reminding traders and importers of goods into Singapore to comply with the Customs Act, the Goods and Services Tax (GST) Act, the Regulation of Imports and Exports Act, and other relevant legislation to avoid fine, imprisonment, or...

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...

Export, import surge fuels 16% growth of PH Feb trade

Export, import surge fuels 16% growth of PH Feb trade

Apr. 18 | Double-digit growth in exports and imports pushed up by 16.1% the total merchandise trade of the Philippines in February 2017, according to the National Economic and Development Authority (NEDA). Based on the Philippine Statistics Authority’s latest...
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