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Laos, Cambodia seen to maintain strong economic growth

Laos, Cambodia seen to maintain strong economic growth

May. 29 | The economies of Southeast Asian nations Laos and Cambodia are predicted to remain strong in the near term, according to new country reports released by the World Bank. The Laotian economy is projected to expand at around 7% annually for the period 2017...

HK, Singapore exports expand as global economy strengthens

HK, Singapore exports expand as global economy strengthens

May. 29 | Singapore posted higher-than-expected growth in trade and non-oil merchandise exports in the first quarter of the year, leading to upward adjustments in forecasts for both in 2017, according to the International Enterprise (IE) Singapore. Total merchandise...

Draft BOC rules give directions for marking imported goods

Draft BOC rules give directions for marking imported goods

May. 28 | The Philippine Department of Finance (DOF) and the Bureau of Customs (BOC) have issued a draft order outlining guidelines for marking imported goods of foreign origin or their containers. The draft customs administrative order (CAO) implements Section...

10 deals, including on transport, inked during Duterte visit to Russia

10 deals, including on transport, inked during Duterte visit to Russia

May. 28 | The Philippines and Russia signed 10 cooperation agreements including those on cooperating in the areas of transportation and trade during Philippine President Rodrigo Duterte’s state visit to Russia. The deals were signed in Moscow on May 24 during...

BOC collection in April down 5%

BOC collection in April down 5%

May. 27 | The Philippine Bureau of Customs (BOC) collected P31.1 billion in April 2017, a 5% decline from the P32.7 billion earnings it achieved in the same period last year, according to the Bureau of Treasury. The actual revenue was also 14% lower than the P36.36...

BOC uncovers shabu lab concealed in a Cagayan warehouse

BOC uncovers shabu lab concealed in a Cagayan warehouse

May. 27 | Agents of the Philippine Bureau of Customs (BOC) serving a warrant of seizure and detention (WSD) for three vessels in a compound in Cagayan province stumbled upon a laboratory used in the manufacture of methamphetamine hydrochloride, locally known as...

Singapore GDP growth slows in first quarter

Singapore GDP growth slows in first quarter

May. 26 | Singapore’s economy grew by 2.7% year-on-year in the first quarter of 2017, easing from the 2.9% growth in the previous quarter, the Ministry of Trade and Industry (MTI) announced. On a seasonally adjusted annualized basis, the economy contracted by...

EO revises duty for certain PH import commodities

EO revises duty for certain PH import commodities

May. 24 | President Rodrigo Duterte has signed several executive orders (EO) modifying the rates of duty for several products imported into the Philippines. The new executive orders were signed late April and published this month after the National Economic and...

BOC to buy 20 speedboats, other equipment for P465M border security project

BOC to buy 20 speedboats, other equipment for P465M border security project

May. 24 | The Philippine Bureau of Customs (BOC) intends to spend P465.155 million to procure new equipment for its intensified border security program. In separate invitations to bid, BOC said it plans to spend that amount from its approved 2017 budget to buy...

Smuggled motor vehicles seized at Manila port valued at P3M

Smuggled motor vehicles seized at Manila port valued at P3M

May. 24 | The Philippine Bureau of Customs (BOC) has seized an estimated P3 million worth of smuggled car and motorcycles at the Manila International Container Port (MICP) after discovering the importer misdeclared the shipment as household goods and personal effects. Gerardo...
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