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Archive for June, 2004

Customs Starts Compliance Audit of Importers, Customs Brokers

Customs Starts Compliance Audit of Importers, Customs Brokers

Jun. 21 | In the last three weeks, the Post Entry Audit (PEA) Group of the Bureau of Customs (BoC) has reportedly issued numerous Audit Notification Letters (ANLs) addressed to major importers in various industries (e.g. garments and textile, automotive, pharmaceutical,...

Are existing customs brokerage firms allowed under RA 9280?

Are existing customs brokerage firms allowed under RA 9280?

Jun. 7 | As a result of our recent article on RA 9280 entitled “New Law Prohibits Companies from Custom Brokerage” (PortCalls, May 10, 2004 issue), we have been receiving many queries in regards to the application of the law on existing customs brokerage...

MARINA, PPA expect added charges with ISPS Code

MARINA, PPA expect added charges with ISPS Code

Jun. 2 | THE Maritime Industry Authority (MARINA) and the Philippine Ports Authority (PPA) both expect an increase in rates imposed by shipping and port operators with the nearing implemen-tation of the International Ship and Port Facility Security (ISPS) Code. Evangeline...

Hike in capitalization for freight forwarders still up in the air

Hike in capitalization for freight forwarders still up in the air

Jun. 2 | THE Philippine International Seafreight Forwarders Association (PISFA) is sending its members this week a questionnaire on proposals to increase the minimum capital requirement for freight forwarding businesses. Put forward by the Philippine Shippers...

Sinokor launches Manila-Korea service

Sinokor launches Manila-Korea service

Jun. 2 | KOREAN shipping line Sinokor Merchant Marine Co., Ltd. (Sinokor) will launch a weekly service on the Manila-Korea route starting this month. A joint venture with Dongnama, Heung-A and Hanjin, the Malacca Strait Service (MSS) will service the ports of...

NENACO eyes recovery strategies

NENACO eyes recovery strategies

Jun. 2 | DEBT-SADDLED shipping firm Negros Navigation Company (NENACO) said it is implementing measures that would gradually turn the tide and bring the company back to stability by year end. NENACO deputy general manager Jose Manuel Mapa said the company is looking...
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