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Archive for June, 2008

Latest Update on Customs Automation

Latest Update on Customs Automation

Jun. 30 | IN the last three years, the Bureau of Customs (BOC) has been implementing its latest automation program, funded mostly from its P500-million computerization project and partly from various foreign-assisted projects. The BOC-MISTG has been issuing press...

Customs Miscalculation of Duties and Taxes

Customs Miscalculation of Duties and Taxes

Jun. 16 | SINCE last year, the Bureau of Customs (BOC) has been issuing new rules on the computation of duties and taxes. Rather than clarifying the basis of duty and Value Added Tax (VAT), the issuances seem to have resulted in confusion among the trading sector...

IRA implements rate restoration program

IRA implements rate restoration program

Jun. 2 | THE Informal Rate Agreement (IRA) member lines covering trades from the Far East to destinations in the Middle East are implementing a rate restoration program effective July 1, 2008. Effective that date, all rates will increase by US$200/20′ and...

Customs orders scanning of all boxes passing through Subic

Customs orders scanning of all boxes passing through Subic

Jun. 2 | THE Bureau of Customs (BOC) is subjecting all Subic-bound cargoes to 100% scanning to reduce smuggling at the same time increase revenue collection. In his order to Subic Port collector Marietta Zamoranos, Customs Commissioner Napoleon Morales said the...

Truckers in on fuel discount program, expect reduced expenses

Truckers in on fuel discount program, expect reduced expenses

Jun. 2 | TRUCKING operators see reduced fuel bills with the sector’s recent inclusion in the fuel discount program. The discounts, which apply only to franchise holders and not to private trucks, will take effect after the Department of Transportation and...

Third runway for DMIA eyed

Third runway for DMIA eyed

Jun. 2 | THE government is planning to build a third runway at the Diosdado Macapagal International Airport (DMIA) in Clarkfield, Pampanga to boost the facility’s chances of becoming one of the major logistics hubs in the Asia-Pacific region. The runway...

Maersk Line upbeat over 2008 outlook

Maersk Line upbeat over 2008 outlook

Jun. 2 | MAERSK Line Philippines is looking at modest growth for global exports this year amid the spiraling fuel cost and the global economic slowdown. “The outlook for 2008 remains a fairly healthy one on the global demand front,with Drewry Shipping Consultants...

P10B road, bridge projects expedited

P10B road, bridge projects expedited

Jun. 2 | THE Department of Public Works and Highways is fast tracking the completion of roads and bridges under a P9.7-billion grant from the Japan Bank of International Cooperation (JBIC). Package 1 is for completion by December 2009 and Package 3 by September....
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