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Archive for September, 2006

Customs issues on AFTA Form

Customs issues on AFTA Form

Sep. 25 | DIMPORTS or exports among member countries of ASEAN avail of special tariff rates under the ASEAN Free Trade Area-Common Effective Preferential Tariff (AFTA-CEPT). To avail of the special tariff, the article originating from the ASEAN country must be...

Risks and Threats to World Trade

Risks and Threats to World Trade

Sep. 11 | IN our article last August 14, 2006 (RP’s Bilateral and Regional Trade Agreements), we provided an update on the current state of play of the country’s various trade agreements, with each agreement having its own separate set of trading rules....

CAO 3-2006-A: Implementation and Practical Issues

CAO 3-2006-A: Implementation and Practical Issues

Sep. 4 | AS written in last week’s article, CAO 3-2006-A seems to have addressed the immediate concerns of the freight forwarding industry even if industry leaders have noted that controversies and implementation issues remain. On top of the unresolved concerns,...

Marina: Conditions not right for lifting of cabotage law

Marina: Conditions not right for lifting of cabotage law

Sep. 4 | THE lifting of the cabotage law is not a priority for the Maritime Industry Authority (Marina) considering the local shipping industry is not strong enough to compete with international vessels. Marina administrator Vicente Suazo, Jr. said the lifting...

Refleeting to strengthen PAL’s competitive position

Refleeting to strengthen PAL’s competitive position

Sep. 4 | PHILIPPINE Airlines (PAL) will bank on the modernization of its fleet, enhancement of its product and systems, and a push into new markets to better compete, the flag carrier’s top two executives said. At the stockholders meeting held recently,...

DBP, 4 other banks to finance expansion of Manila-Cavite toll road

DBP, 4 other banks to finance expansion of Manila-Cavite toll road

Sep. 4 | STATE-OWNED Development Bank of the Philippines (DBP) and four other private banks recently signed an omnibus loan agreement worth P3.5 billion with UEM-MARA Philippines Corp (UMPC) to partially finance expansion of the Manila-Cavite Toll Expressway project. The...

PPA cause of North Harbor privatization delay?

PPA cause of North Harbor privatization delay?

Sep. 4 | IT appears the delay in approval of the North Harbor terms of reference (TOR) lies with the Philippine Ports Authority (PPA) and not the National Economic and Development Authority (NEDA). A NEDA official said PPA, which operates the North Harbor, only...

Logistics sector content with order

Logistics sector content with order

Sep. 4 | WHILE the customs brokerage community is up in arms over Customs Administrative Order No (CAO) 3-2006-A, the new order drew praises from the logistics sector. Customs brokerage houses and freight forwarders are happy over the development. Philippine International...

PCBAPI rally

PCBAPI rally

Sep. 4 | In a related development, members of the Professional Customs Brokers Association of the Philippines, Inc. (PCBAPI) held two separate mass actions before the BOC and the Department of Finance (DOF) over the weekend to express their disapproval of CAO...

Tantamount to amendment

Tantamount to amendment

Sep. 4 | CCBI in a statement said the BOC move to revise the earlier CAO (CAO No 3-2006) is against the law and tantamount to amending the law – a move which it says may only be accomplished by Congress. It added it is considering taking administrative and...
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