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3 is the limit for processors at BOC

3 is the limit for processors at BOC

Jan. 17 | The Philippine Bureau of Customs is limiting to three the number of authorized representatives or processors transacting with the customs agency on behalf of customs brokers. Under Customs Memorandum Order (CMO) 01-2018, which amends paragraph No. 7,...

Higher shipping rates seen as PH carriers impose recovery charge

Higher shipping rates seen as PH carriers impose recovery charge

Jan. 16 | Most members of the Philippine Liner Shipping Association (PLSA) will impose a recovery charge following imposition of the excise tax on fuel under the new Tax Reform for Inclusion and Acceleration (TRAIN) Law. This development will lead to higher shipping...

Maersk, IBM to form blockchain JV to digitize global supply chains

Maersk, IBM to form blockchain JV to digitize global supply chains

Jan. 16 | Transport and logistics giant A.P. Moller-Maersk and IBM, a blockchain, supply chain, and interoperability solutions provider, announced January 16 plans to establish a joint venture (JV) to provide more efficient and secure methods for conducting global...

CAAP, PPA remit P7.34B in 2017 dividends to national gov’t

CAAP, PPA remit P7.34B in 2017 dividends to national gov’t

Jan. 16 | Transport agencies Civil Aviation Authority of the Philippines (CAAP) and Philippine Ports Authority (PPA) have remitted billions of pesos to the national coffers in 2017, making them members of the “billionaires’ club,” an elite class of government-owned...

MRAIL secures ISO certification for quality management system

MRAIL secures ISO certification for quality management system

Jan. 16 | The MRAIL team. Photo courtesy of MRAIL. Meralco subsidiary and rail company MRAIL Inc. has been conferred by the International Organization for Standardization (ISO) a certification for ISO 9001:2015 (Quality Management Systems) compliance. MRAIL was...

BOC announces new appointments

BOC announces new appointments

Jan. 15 | Eighteen Bureau of Customs officials have been assigned to new posts in the latest appointments approved by Finance Secretary Carlos Dominguez III. Dominguez recently signed three Customs Personnel Orders (CPOs) dated December 28 reshuffling officials...

MPA roadmap to steer Singapore’s new vision as global maritime hub

MPA roadmap to steer Singapore’s new vision as global maritime hub

Jan. 15 | Singapore has unveiled its maritime industry roadmap with the aim to grow the sector’s value-add by SGD4.5 billion (US$3.4 billion) and create over 5,000 jobs by 2025. The Sea Transport Industry Transformation Map (ITM)—which will drive Singapore’s...

China box port posts 66% profit hike on strong volume traffic

China box port posts 66% profit hike on strong volume traffic

Jan. 15 | Shanghai International Port has reported fast growth in net profit last year as trade growth pushed up shipping demand. In a recent unaudited report filed with the Shanghai Stock Exchange, the company said net profit attributable to shareholders in 2017...

DBM to assist BOC in finding a fuel marking service provider

DBM to assist BOC in finding a fuel marking service provider

Jan. 14 | The Philippine Bureau of Customs (BOC) has tapped the Department of Budget and Management-Procurement Service (DBM-PS) to procure a service provider that will implement the BOC’s fuel marking program. BOC and DBM-PS signed on December 28, 2017 a memorandum...

Megawide, SSS eye joint proposal for NAIA overhaul

Megawide, SSS eye joint proposal for NAIA overhaul

Jan. 14 | Megawide Construction Corporation and state-run Social Security System (SSS) are planning to jointly submit an unsolicited proposal to rehabilitate and operate the Philippines’ main gateway Ninoy Aquino International Airport (NAIA). This was announced...
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