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Archive for February, 2010

PAL posts substantial cut in losses    PAL posts substantial cut in losses

PAL posts substantial cut in losses PAL posts substantial cut in losses

Feb. 24 | PAL Holdings, operator of flag carrier Philippine Airlines (PAL), has reduced its losses by 86% in the first third quarters of its current fiscal year mainly due to cost-cutting measures. The carrier said it posted a comprehensive loss of P1.967 billion...

Localized marine rules pushed

Localized marine rules pushed

Feb. 24 | A group of local vessel operators is advocating the passage of a revised Philippine Merchant Marine Rules and Regulations (PMMRR) that will push vessel requirements suitable for the local market. Philippine Ro-Ro Operators Association (PROA) chair and...

e2m cleans importers’ list, jacks up BOC collections

e2m cleans importers’ list, jacks up BOC collections

Feb. 24 | THE electronic-to-mobile (e2m) project has halved the number of fly-by-night importers and brokers registered at the Bureau of Customs (BOC) and positively affected the agency’s revenue collection, according to deputy commissioner Alexander Arevalo. Since...

IATA eases requirements for air cargo agents

IATA eases requirements for air cargo agents

Feb. 24 | THE International Air Transport Association (IATA) is relaxing its qualification requirements for accreditation of Philippine air cargo agents, a move seen to accommodate more member-agents from the country. At the joint general meeting of the Aircargo...

Sasa Wharf to get additional x-ray machine

Sasa Wharf to get additional x-ray machine

Feb. 22 | THE Bureau of Customs (BOC) will push through with the installation of an extra x-ray scanner at the Sasa Wharf in Davao despite strong opposition from a group claiming the machines are a health hazard. BOC said there is no reason to delay the project...

Surigao del Norte feeder port completed

Surigao del Norte feeder port completed

Feb. 22 | THE Department of Transportation and Communications (DOTC) recently completed the P41.211-million feeder port in Surigao del Norte. The Socorro Bucas feeder port services both passengers and cargo, mainly agriculture and agri-business products from the...

ATI inks P250M credit facility with Metrobank

ATI inks P250M credit facility with Metrobank

Feb. 22 | SIAN Terminals, Inc (ATI) last week signed a P250-million, five-year revolving credit facility with Metrobank. “The facility is intended as a standby fund to finance the projects of the company in the ensuing years,” the port operator said...

Penalties for P&I coverage violators kick in

Penalties for P&I coverage violators kick in

Feb. 22 | THE Maritime Industry Authority (Marina) will start penalizing today (Feb 22) shipowners who are non-compliant with the mandatory Protection and Indemnity (P&I) insurance coverage for pollution and wreck removal. Marina administrator Ma. Elena Bautista...

Shipowners turn to Palace to stop Mar 1 strike

Shipowners turn to Palace to stop Mar 1 strike

Feb. 22 | VESSEL operators are seeking President Gloria Macapagal-Arroyo’s intervention to avert a strike over what they call the Maritime Industry Authority’s (Marina) “punitive and costly” safety requirements. Speaking on behalf of the...

BOC: 6-hour rule for consol manifest stays; DDP transactions soon to be accommodated

BOC: 6-hour rule for consol manifest stays; DDP transactions soon to be accommodated

Feb. 22 | YOU win some, you lose some. Freight forwarders managed to secure some concessions from the Bureau of Customs (BOC) in relation to the implementation of the electronic-to-mobile/import assessment system (e2m/IAS) project. They were, however, unsuccessful...
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