Home » Archive for October, 2007

Archive for October, 2007

Rules of Origin Under the Various FTAs

Rules of Origin Under the Various FTAs

Oct. 22 | In our column last August 27, 2007, we provided an update on the latest duty concessions under the ASEAN Free Trade Area (AFTA) and the status of the various bilateral (Japan) and regional (China, Korea, Japan, India, New Zealand and Australia) Free Trade...

Marina to Nenaco: Pay supervision fees pronto

Marina to Nenaco: Pay supervision fees pronto

Oct. 1 | THE Maritime Industry Authority (Marina) is demanding immediate payment of annual supervision fees (ASF) owed to it by debt-saddled shipping firm Negros Navigation (Nenaco). The fees, unpaid since 1998, are not considered debts but taxes and are thus...

BOC adjusts collection target for last quarter

BOC adjusts collection target for last quarter

Oct. 1 | THE Bureau of Customs (BOC) has revised upward its collection target for the last three months of the year to make up for the P11-billion deficit it incurred in the first six months of the year. The new respective targets for October to December are P23.202...

ICTSI lands in Forbes list of Best Companies Under a Billion

ICTSI lands in Forbes list of Best Companies Under a Billion

Oct. 1 | INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has been named by Forbes Asia magazine as among Asia Pacific’s top 200 companies in its 2007 Best Under a Billion list. It is the only Philippine company to be included in the list. The recent...

Tanker operators, oil firms adopt wait-and-see attitude on Oil Pollution Act

Tanker operators, oil firms adopt wait-and-see attitude on Oil Pollution Act

Oct. 1 | TANKER operators and oil companies are holding off any action against Republic Act 9483 or the Oil Pollution Compensation Act until its implementing guidelines are released by the Maritime Industry Authority (Marina). In a forum during last week’s...

Customs eyes oil inventory system

Customs eyes oil inventory system

Oct. 1 | THE Bureau of Customs (BOC) will establish an oil inventory system to monitor movement of oil in smuggling hotspots Subic, Batangas and Manila, a Customs official said. The system will help the BOC determine if taxes have been paid and which fuel products...

Imports up 4.1% from Jan to July

Imports up 4.1% from Jan to July

Oct. 1 | TOTAL Philippine imports for the first seven months of the year increased 4.1% to $30.355 billion from $29.160 billion, according to the National Statistics Office (NSO). Exports grew at a faster pace of 6.3% to $28.725 billion from $27.029 billion during...

RP part of K-Line’s fleet expansion plans

RP part of K-Line’s fleet expansion plans

Oct. 1 | JAPANESE carrier “K” Line is increasing its fleet by 67% in the next four years to accommodate increasing demand and provide more business for its ship management business. Part of the plan is to deploy more vessels calling in Philippine ports...

RA 9280 amendments hit snag at the Senate

RA 9280 amendments hit snag at the Senate

Oct. 1 | THE refiling of amendments to Republic Act 9280 or the Customs Brokers Act of 2004 at the Senate has encountered a hitch. This after the Armed Forces of the Philippines (AFP) denied the conduct of such a hearing at the Fort Bonifacio detention cell of...
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