e-VAT not all that bad: AFPI

Oct. 5 | THE Aircargo Forwarders of the Philippines, Inc. (AFPI) sees a positive side to the implementation of the expanded value-added tax (e-VAT) in that it could initiate economic growth, association president Cynthia Reyes-Tsui told PortCalls. "Good economy...

APTSC caters to heavylift, out-of-gauge cargoes

Oct. 5 | ABOITIZ PROJECT TRANSPORT SYSTEM CORP (APTSC) is strengthening its grip in the logistics business by targe-ting heavy cargoes. Jaypee Lim, APTSC sales and marketing manager, said the company specializes in moving items considered too heavy and bulky by...

Box line NMC eyes 51% of Lorenzo

Oct. 5 | CARGO carrier National Marine Corp.(NMC) has bid for a controlling interest in another cargo carrier, Lorenzo Shipping Corp (LSC). In a statement to the Philippine stock exchange, NMC said it plans to acquire 51% of the outstanding common shares in the...

DBP to launch company offering loans within the quarter

Oct. 5 | THE Development Bank of the Philippines (DBP) will launch the National Maritime Equity Corp. (NMEC) this quarter to provide local operators enough access to vessel financing. DBP chairman Vitaliano Na–agas said the NMEC was formed to kick start...

Foreign-flagged lines carry most gov’t foreign trade

Oct. 5 | FOREIGN-FLAGGED lines continue to carry the bulk of the government’s international trade with local vessel operators unable to offer competitive rates, according to a source from the Maritime Industry Authority (Marina). "Foreign freighters...