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UN report: Austerity policy of advanced economies stalling global recovery

UN report: Austerity policy of advanced economies stalling global recovery

Sep. 19 | The world economy in 2017 is picking up but not lifting off, stuck on its path to recovery, says a new report from the United Nations Conference on Trade and Development (UNCTAD), while offering an alternative policy route to build more inclusive and...

Businesses concerned about impact of urbanization on logistics operations

Businesses concerned about impact of urbanization on logistics operations

Sep. 18 | Nearly all companies are concerned about how urbanization will impact business growth and sustainability, with less than half feeling up to the challenges it will pose to logistics and business operations, according to a new study. “The Road to Sustainable...

ASEAN, HK conclude free trade talks

ASEAN, HK conclude free trade talks

Sep. 18 | The Association of Southeast Asian Nations (ASEAN) and Hong Kong have concluded negotiations on their free trade agreement (FTA) at the second ASEAN Economic Ministers-Hong Kong, China Consultations held recently in Pasay City, the Philippines. Philippine...

Nearly half of APAC manufacturers to have smart factories by 2022—report

Nearly half of APAC manufacturers to have smart factories by 2022—report

Sep. 13 | The number of manufacturers supporting a fully connected factory will nearly triple by 2022, meaning 46% anticipate having the capability in five years’ time, according to a new report analyzing the emerging trends shaping the future of industrial manufacturing. This...

BOC Aug collection up 16% y-o-y but still missed target

BOC Aug collection up 16% y-o-y but still missed target

Sep. 12 | The Philippine Bureau of Customs (BOC) collected P38.32 billion in August 2017, up 16% from the P33.1 billion recorded in the same month last year but 1.37% lower than the P38.856 billion target for the period. Initial data from BOC showed that only...

ADB unveils flagship statistical report for Asia-Pacific

ADB unveils flagship statistical report for Asia-Pacific

Sep. 12 | The Asian Development Bank (ADB) has released the 2017 edition of “Key Indicators for Asia and the Pacific,” which provides the latest available economic, financial, social, and environmental statistics for 48 nations and territories in the region. The...

Solid recovery in advanced economies raises forecast for developing nations

Solid recovery in advanced economies raises forecast for developing nations

Sep. 8 | With the strengthening in the global economy, the firm growth in advanced economies so far this year has now had a cascade effect on some emerging markets and developing economies (EMDEs), according to a new report by the Baltic and Maritime International...

Use of green lane temporarily on hold

Use of green lane temporarily on hold

Sep. 7 | Philippine Customs commissioner Isidro Lapeña has temporarily suspended the green lane while the Bureau of Customs’ (BOC) selectivity system is undergoing review. All shipments now have to go through either the yellow or red lanes “until such time...

Cebu port cargo throughput 8.4% higher in first half

Cebu port cargo throughput 8.4% higher in first half

Sep. 7 | Cargo volume at Cebu’s port increased 8.4% in the first half of 2017 to 18.971 million metric tons (mmt) from 17.502 mmt in the same period last year, data from the Cebu Port Authority (CPA) showed. Domestic cargoes, which accounted for 80% of the...

BOC chief eyes incentives to meet target, beat corruption

BOC chief eyes incentives to meet target, beat corruption

Sep. 7 | Philippine Customs Commissioner Isidro Lapeña is looking at giving incentives to hit the P468-billion revenue collection target of the Bureau of Customs (BOC) for this year, the amount he has committed to deliver to President Rodrigo Duterte. Lapeña,...
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