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Archive for May, 2009

Customs modernization act encounters a bump

Customs modernization act encounters a bump

May. 4 | THE Bureau of Customs (BOC) does not expect Congress to hear the proposed Customs and Tariff Modernization Act (CTMA) until sessions resume in July. BOC said several high-profile issues at the Lower House eclipsed the CTMA proposal. Despite constant...

APEC eyes more liberalization for transport industry

APEC eyes more liberalization for transport industry

May. 4 | SENIOR transport officials of the Asia-Pacific Economic Conference (APEC) reaffirmed their commitment to further liberalize the transportation industry among APEC member economies at a meeting in Manila last week. “In this regard, we support APEC’s...

More trucks idled by crisis

More trucks idled by crisis

May. 4 | ASSET layups are not only prevalent in the sea sector but also on land. Some truck operators are apparently parking more of their trucks due to very low cargo volumes. “There is really no business here right now, even including food,” Confederation...

Bottom near but recovery may be far off – PSAA

Bottom near but recovery may be far off – PSAA

May. 4 | WHILE the global financial crisis is bottoming out, recovery is still nowhere in sight, according to the Philippine Ship Agents Association (PSAA). PSAA president Abraham Tablizo told PortCalls some laid-up vessels in the country are beginning to be...

PUC pushes approval of RA 9280 Senate version

PUC pushes approval of RA 9280 Senate version

May. 4 | THE Port Users Confederation (PUC) is urging the Senate to immediately pass amendments to Republic Act 9280 or the Customs Brokers Act of 2004, claiming all sectors are already amenable to the law’s proposed changes. PUC said it supported the Senate...

UPS appoints Aboitiz Transport as Philippine agent

UPS appoints Aboitiz Transport as Philippine agent

May. 4 | UNITED Parcel Service (UPS) has appointed Aboitiz Transport System (ATS) as its local agent, Aboitiz Equity Ventures (AEV) senior vice president and chief financial officer Stephen Paradies said in a teleconference held late last week. AEV is the mother...

Cargo throughput dip lower than expected in Jan-Feb

Cargo throughput dip lower than expected in Jan-Feb

May. 4 | THE country’s cargo throughput dropped 7.64% in the first two months of the year, much lower than anticipated, according to the Philippine Ports Authority (PPA). PPA earlier said it expected a double-digit decline in throughput for January and February...

ATS purchase deal terminated

ATS purchase deal terminated

May. 4 | KGLI-NM Holdings, Inc will no longer buy the $30 million worth of Aboitiz Transport System Corp (ATS) common shares owned by Aboitiz & Co, Inc (ACO) and Aboitiz Equity Ventures, Inc (AEV). In a letter sent to AEV and ACO, KGLI-NM said it decided to...
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