Home » Archive for May, 2006

Archive for May, 2006

Duties on Air Freight Charges

Duties on Air Freight Charges

May. 22 | IMPORTERS, customs brokers and forwarders normally encounter problems clearing air shipments with customs due to discrepancies in the computation of duties and taxes arising from variances in air freight charges provided in the House Air Way Bill (HAWB)...

Integrated Logistics Under RA 9280

Integrated Logistics Under RA 9280

May. 8 | CASE STUDY 1. A local manufacturer, Santa Barbara Company (SBC), imports various articles on a Delivered Duty Paid (DDU) terms of trade. The foreign supplier hires a logistics company, ABC Express, to ship the goods to the Port of Manila. ABC Express...

Asia’s SMEs worry over lack of innovation, qualified staff

Asia’s SMEs worry over lack of innovation, qualified staff

May. 1 | THE lack of innovation, availability of qualified staff, and limited access to funding and working capital continue to threaten the long-term sustainability of the booming intra-Asia market for small and medium enterprises (SMEs), according to the second...

ATI sees 79% higher income

ATI sees 79% higher income

May. 1 | PORT operator Asian Terminals, Inc (ATI) posted a consolidated net income of P663.6 million in 2005, 79% higher than the P370.9 million it registered in 2004. The company attributed its positive performance to increased productivity at its South Harbor...

BOC amenable to harsher smuggling penalties

BOC amenable to harsher smuggling penalties

May. 1 | THE Bureau of Customs is open to imposing stiffer penalties for smuggling, BOC lawyer Roberto Bauzon said during a meeting of the Senate ways and means technical working group on proposed anti-smuggling bills. The bills propose the following stiffer sanctions:...

SBMA watches out for new tricks of smugglers

SBMA watches out for new tricks of smugglers

May. 1 | ANTI-smuggling Task Force Subic (TFS) seized the other day six imported cars worth more than P5 million as Subic Bay Metropolitan Authority (SBMA) intensifies its drive against smugglers employing a new modus operandi. The seized vehicles were concealed...

February imports up 4.6%

February imports up 4.6%

May. 1 | HIGHER oil prices led the growth in Philippine imports in February, but purchases of electronic components used in manufacturing the country’s key exports slipped, according to data released by the National Statistics Office (NSO). The NSO showed...
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