Home » Archive for December, 2007

Archive for December, 2007

The Year That Was

The Year That Was

Dec. 19 | THIS year has been very interesting in terms of developments in the customs and trade front. We will summarize these major developments and provide some insights on their likely impact in the coming months. For those in the trading community, these developments...

Hanjin to sink in $2B for Mindanao shipyard

Hanjin to sink in $2B for Mindanao shipyard

Dec. 3 | AFTER Subic, Korean shipyard operator Hanjin Heavy Industries Corp. (HHIC) will inject an additional $2 billion in its Philippine operations to develop a shipyard in Mindanao. Hanjin recently invested $1.6 billion in a shipyard at the Subic Bay Freeport...

Customs eyes higher import tariff to offset foreign exchange losses

Customs eyes higher import tariff to offset foreign exchange losses

Dec. 3 | THE Bureau of Customs (BOC) is proposing to increase the tariff on imported products to 5% to help the bureau plug collection loopholes estimated at around P15 billion as of end October. The measure will also put the agency on track to meet its 2008 mandated...

Petrolift IPO gets green light

Petrolift IPO gets green light

Dec. 3 | THE Philippine Stock Exchange (PSE) has approved the proposed initial public offering (IPO) of Petrolift next month to support the company’s tanker refleeting program. Petrolift expects to generate up to P5.4 billion from selling as much as 713...

Cavite ferry terminal soon to be constructed

Cavite ferry terminal soon to be constructed

Dec. 3 | THE Philippine Ports Authority (PPA) will build a ferry terminal in Cavite to connect the province to Manila next year. The terminal will be built in San Roque, Cavite for connection to the terminal being constructed at the back of a mall in Pasay City....

Air21, DHL to keep rates

Air21, DHL to keep rates

Dec. 3 | EXPRESS firm DHL Express Philippines and local courier Airfreight 2100 (Air21) are holding their rates steady despite the recent spike in oil prices. “We are evaluating the market and consulting our customers if there is a need to increase rates...

VASP registration for corporations must be allowed

VASP registration for corporations must be allowed

Dec. 3 | BROKERAGE houses and freight forwarding firms must be allowed to register with any of the Bureau of Customs (BOC)-accredited value-added service providers (VASPs), contrary to an earlier proposal that only licensed individual customs brokers should be...

Most cargo stats increase in first nine months

Most cargo stats increase in first nine months

Dec. 3 | THE country posted its second consecutive increase in cargo throughput this year propelled by a more active foreign trade. Cargo volume for the first nine months of the year was at 121.098 million metric tons (mmt), 5.74% higher compared to the 114.529...
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