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Archive for December, 2008

Importer accreditation by third party soon in place

Importer accreditation by third party soon in place

Dec. 1 | FINANCE Secretary Margarito Teves has signed a Customs Administrative Order (CAO) which allows the accreditation by the Bureau of Customs (BOC) of information validation service providers (IVSP) to accredit all importers. In an interview at the sidelines...

CTAP sees cutthroat competition in 2009

CTAP sees cutthroat competition in 2009

Dec. 1 | THE Confederation of Truckers Association of the Philippines (CTAP) expects cutthroat competition next year with even less cargo going around as a result of the global economic crunch. “2009 will be even tougher for truck operators compared to the...

Sept imports up slightly

Sept imports up slightly

Dec. 1 | PHILIPPINE imports rose 1.9% in September to $9.302 billion from $9.133 billion last year, according to latest data from the National Statistics Office. Accounting for 35.5% of the aggregate import bill, payments for Electronic Products in September 2008...

ICTSI gets P7B loan

ICTSI gets P7B loan

Dec. 1 | INTERNATIONAL Container Terminal Services, Inc (ICTSI) has secured a P7-billion loan to finance different port projects worldwide. The credit facility will also be used to refinance ICTSI’s debts for prepayment next year. It “ensures that...

Cargo throughput down 	7% in three first quarters

Cargo throughput down 7% in three first quarters

Dec. 1 | THE country’s cargo throughput for the first nine months of the year slumped 6.86% to 109.58 million metric tons (mmt) from 117.65 mmt in the same period last year (see table). The Philippine Ports Authority (PPA) blamed the drop on the global economic...

House Bill No. 5342: Customs and Trade Modernization Act

House Bill No. 5342: Customs and Trade Modernization Act

Dec. 1 | A BILL entitled “An Act to Prescribe the ‘Customs and Tariff Modernization Act of 2008’ and for other purposes” has recently been filed in Congress. Authored by Congressman Rufus Rodriguez, House Bill No. 5342 was referred on first reading to...
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