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Archive for November, 2008

Post-Entry Audit System

Post-Entry Audit System

Nov. 17 | BEGINNING January of last year, the Bureau of Customs (BOC) has been aggressively implementing the Post Entry Audit (PEA) system. Since then, customs has issued more than a hundred audit notices to importers. Under existing rules and regulations, customs...

Court stops auction of MGT

Court stops auction of MGT

Nov. 3 | THE Bataan Regional Trial Court recently issued a writ of preliminary injunction stopping the public auction of certain properties located at the Mariveles Grains Terminal (MGT). Bataan is auctioning MGT to recover alleged unpaid taxes by its operator...

ICTSI inks Brunei port deal

ICTSI inks Brunei port deal

Nov. 3 | INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has signed a Memorandum of Understanding (MOU) with the Brunei Economic Development Board (BEDB) formalizing its right to operate a port in Pulau Muara Besar (PMB), or Great Island, an area near...

SBMA confident of growth despite difficult times

SBMA confident of growth despite difficult times

Nov. 3 | SUBIC Bay Metropolitan Authority (SBMA) is optimistic of attaining growth despite the global economic slowdown. This was the message of SBMA administrator Armand Arreza at the two-day general assembly of the International Network of Affiliated Ports (INAP)...

BOC NAIA requires consolidation electronic manifest submission

BOC NAIA requires consolidation electronic manifest submission

Nov. 3 | THE Bureau of Customs (BOC) is requiring the mandatory submission of electronic consolidation manifest at the Ninoy Aquino International Airport (NAIA) starting November 24. “In consonance with the trade facilitation policy of the BOC, air cargo...

Single broker’s account adopted for payment of e-IP processing fees

Single broker’s account adopted for payment of e-IP processing fees

Nov. 3 | CUSTOMS brokers servicing Philippine Economic Zone Authority (PEZA) locators may now use a single account to pay for PEZA import permit (IP) processing fees of multiple client importers. The old practice required separate single accounts for each PEZA...

Truckers back out of plan to cut surcharges

Truckers back out of plan to cut surcharges

Nov. 3 | THERE will be no early Christmas for North Harbor shippers. This after some members of the Integrated North Harbor Truckers Association (INHTA) backed out of a planned reduction in surcharges. Earlier INHTA promised to cut surcharges by 10% when the price...

Damco gets new country manager, keeps targets

Damco gets new country manager, keeps targets

Nov. 3 | DAMCO, the logistics arm of the A.P. Moeller-Maersk Group, is confident it will maintain its over 25% annual revenue growth in the Philippines especially with a new country manager at the helm of operations. Ferdinand “Joey” Tongson was appointed...

CDEC escalates integrated electronic manifest testing

CDEC escalates integrated electronic manifest testing

Nov. 3 | BUREAU of Customs-accredited value-added service provider Cargo Data Exchange Center (CDEC) is testing its new system that will enable the integrated submission of shipping line, co-loader and consolidation electronic manifest to the BOC. The system will...

Revised AFTA Rules of Origin

Revised AFTA Rules of Origin

Nov. 3 | THE continued deadlock in the World Trade Organization (WTO) negotiations has resulted in the rise of bilateral and regional Free Trade Agreements (FTAs) in recent years. One of the objectives of the WTO is to provide fair, transparent and uniform trading...
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