Home » Archive for August, 2007

Archive for August, 2007

FTAs: Tariff Reduction and Rules of Origin

FTAs: Tariff Reduction and Rules of Origin

Aug. 27 | IN addition to our regular updates on the ASEAN Free Trade Area (AFTA), we have also written several articles since last year on the status of the various bilateral (Japan) and regional (China, Korea, Japan, India, New Zealand and Australia) Free Trade...

ICTSI introduces RP’s first twin lift spreader

ICTSI introduces RP’s first twin lift spreader

Aug. 1 | International Container Terminal Services, Inc. (ICTSI) recently installed new twin lift spreaders for three quay cranes (QC) at its flagship, Manila International Container Terminal (MICT), marking another milestone in Philippine port operations. ICTSI...

Rule on truck impounding stays, says Customs chief

Rule on truck impounding stays, says Customs chief

Aug. 1 | THE Bureau of Customs (BOC) shot down proposals of the Confederation of Truckers Association of the Philippines (CTAP) to immediately release trucks being investigated for carrying smuggled or misdeclared items. Trucks, together with the questionable...

PPA, DBP sign P2B bond floatation agreement

PPA, DBP sign P2B bond floatation agreement

Aug. 1 | THE Philippine Ports Authority (PPA) recently signed the P2-billion bond flotation agreement with its joint issue manager and lead joint lead underwriter, the Development Bank of the Philippines (DBP) and First Metro Investment Corp.(FMIC). The bond,...

Keppel: Subic business buoyant

Keppel: Subic business buoyant

Aug. 1 | KEPPEL Philippines Marine Inc. (KPMI) sees more activity at its Subic shipyard following government moves to position the freeport as a shipbuilding, ship repair and logistics hub. Officials of Subic Shipyard and Engineering (SSE), an associate company...

Batangas Port privatization in Oct

Batangas Port privatization in Oct

Aug. 1 | THE Philippine Ports Authority (PPA) plans to restart privatization of Batangas Port once new cargo-handling equipment is in place by October. In an interview, PPA general manager Atty. Oscar Sevilla explained that the added cargo-handling muscle will...

Lorenzo Shipping gets BOI incentives

Lorenzo Shipping gets BOI incentives

Aug. 1 | MAGSAYSAY-owned Lorenzo Shipping Corp.’s (LSC) recent application for Board of Investments registration has been approved. As a result, LSC will enjoy an income tax holiday for six years; additional deduction from taxable income of 50% of wages...

North Harbor bidding back to square one

North Harbor bidding back to square one

Aug. 1 | THE Philippine Ports Authority (PPA) yesterday declared a failure of bidding for the North Harbor, saying the process will only push through if there are at least two eligible bidders. Only Harbour Centre Port Terminals, Inc. (HCPTI) together with joint...
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