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Archive for December, 2003

Risk Management System (Its emerging relevance in modern customs administration)

Risk Management System (Its emerging relevance in modern customs administration)

Dec. 22 | Traditional modes of customs control are essentially reactive. It is only when goods are formally entered that customs initiate standard checks through import documentation review and physical examination – all done at the border. This means that...

ASEAN shipowners converge in Manila

ASEAN shipowners converge in Manila

Dec. 10 | The Filipino Shipowners Association hosted the recent ASEAN Shipowners Association in Manila. The meeting discussed key issues affecting shipowners in the region, including security regulations imposed by the US as well as the Inter-national Ship and...

Forwarders to benefit greatly from development of Asian highway

Forwarders to benefit greatly from development of Asian highway

Dec. 10 | THE development of the Asian highway will complement the evolving role of freight forwarders as logistics and supply chain managers, according to United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Transport and Tourism Division...

Batangas port dev’t needs additional funds

Batangas port dev’t needs additional funds

Dec. 10 | THE Philippine Ports Authority (PPA) said the second phase of the Batangas Port Development Project (BPDP) will need additional funds of P287 million to cover costs incurred due to delays. The added costs will be shouldered by PPA, said BPDP director...

PSB pushes use of loan facility for shift to CFR/CIF

PSB pushes use of loan facility for shift to CFR/CIF

Dec. 10 | THE Philippine Shippers Bureau (PSB) recently re-introduced the use of a loan facility that will help shippers shoulder the cost of shifting to Cost and Freight (CFR) or Cost, Insurance and Freight (CIF) from the traditional Free on Board (FOB) payment...

ICTSI promotes accounting officers

ICTSI promotes accounting officers

Dec. 8 | INTERNATIONAL Container Terminal Services, Inc. (ICTSI) recently promoted Maricel F. Marcelo to accounting manager of ICTSI Ltd., ICTSI’s overseas projects subsidiary, and Julien C. Domingo to assistant accounting manager of ICTSI’s flagship...

ISPS Code worries shipping industry

ISPS Code worries shipping industry

Dec. 8 | PHILIPPINE shipping stakeholders expressed uncertainty over the country’s ability to comply with the International Ship and Port Facility Safety Code (ISPS) effective in July 2004. Much of the apprehension is rooted on the the high cost of technology...

Jan-Oct exports up 1% to $29.5B

Jan-Oct exports up 1% to $29.5B

Dec. 8 | PHILIPPINE exports grew 1% to $29.489 billion in the first ten months of the year from $29.191 billion during the same period in 2002, according to the latest data from the National Statistics Office. October exports went up 6.2% to $3.223 billion compared...

Reefer rates for US-Asia trade set to increase

Reefer rates for US-Asia trade set to increase

Dec. 8 | SOME of the world’s biggest shipping lines plan to raise freight rates for carrying non-refrigerated container cargo to Asia from the US, because of rising costs and increased demand from Asian factories. The shipping lines, members of a group called...

RP retains seat in IMO council

RP retains seat in IMO council

Dec. 3 | THE Philippines retained its seat in the influential International Maritime Organization (IMO) Council during the elections held last November 28 in London. The country bested 19 other countries in Category C – the 20 states or countries which havw...
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