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Monthly Archives: November, 2004

CAO 4: New Rules on Customs Valuation, Audit and Record Keeping

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As we have mentioned time and again, the rules at the customs border have rapidly changed and the same continues to evolve. To implement...

BIR Audit of VAT on Importations

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SINCE the middle of last year, the Bureau of Internal Revenue (BIR) has been issuing letter notices to numerous importers for VAT discrepan-cies based...

Intra-Asia rate restoration not as successful as in other trades

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THE implementation of the rate restoration program in the intra-Asian trade is relatively "weak" compared with those in other markets such as the United...

Foreign carriers seek additional fuel surcharge

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FOREIGN carriers have once again filed with the Civil Aeronautics Board (CAB) for additional fuel surcharge in view of the continuous increase in fuel...

NOL enjoys continued growth and profitability in Q3 2004

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NEPTUNE ORIENT LINES (NOL) has reported net profit of $234 million for the third quarter (3Q), taking net profits for the year-to-date to US$588...

Maritime Equity Corp. feasible by yearend

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THE Maritime Industry Authority (MARINA) is positive it will be able to put up the Maritime Equity Corporation (MEC) by year-end before the Japanese...

New Central Nautical Highway to develop Masbate

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The new link to the Strong Republic Nautical Highway (SRNH) will open up the market of Masbate to the rest of Visayas and other...

Consumer and Oil Price Watch demands transparency in shipping rates

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THE Consumer and Oil Price Watch (COPW) is urging the Maritime Industry Authority (MARINA) to present the basis for the recent rate increases imposed...

COSCON expands fleet

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CHINA OCEAN SHIPPING COMPANY (COSCO) Container Lines Co., Ltd. (COSCON) is investing on a fleet expansion program to better serve its major markets and...

Metro Pacific to provide P127M for NENACO

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NEGROS NAVIGATION COMPANY (NENACO) does not have to scout for a third party to obtain the remaining P127-million funding required for rehabilitation, according to...
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