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Archive for May, 2010

Instituting Customs Reforms (2)

Instituting Customs Reforms (2)

May. 31 | THIS is the last of our two-part series on how to institute reforms at the Bureau of Customs (BOC). We mentioned in our previous article that efforts to create a modern customs administration should focus on the following functional areas: – Trade...

Domestic carriers decide to stay put at North Harbor — for now

Domestic carriers decide to stay put at North Harbor — for now

May. 31 | MEMBER lines of the Philippine Liner Shipping Association (PLSA) have temporarily shelved plans to move out of North Harbor, saying a transfer could be just as expensive and time consuming. The carriers said the losses they are currently incurring due...

Aboitiz Transport keeps positive outlook for 2010

Aboitiz Transport keeps positive outlook for 2010

May. 31 | ABOITIZ Transport System (ATS) is bullish on all its business ventures given the recovering global economy. “Business is good right now,” ATS chairman Jon Ramon Aboitiz said at the sidelines of the company’s annual stockholders’ meeting last week....

March imports surge 39%

March imports surge 39%

May. 31 | PHILIPPINE imports rose 38.9% in March to $4.543 billion from $3.270 billion in the same month last year on the back of a recovering global economic. The latest import figure is also higher by 16.4% compared to $3.904 billion recorded in may, according...

Status quo at PAL remains

Status quo at PAL remains

May. 31 | PHILIPPINE Airlines (PAL) employees to be affected by the company’s restructuring program got some reprieve after PAL management announced recently it will wait for results of mediation by the Department of Labor and Employment (DOLE) before going ahead...

If it can’t get controlling share

If it can’t get controlling share

May. 31 | Metro Pacific wants out of North Harbor venture METRO Pacific Investments Corp (MPIC), the local unit of Hong Kong’s First Pacific Co, is looking at selling its stake in Manila North Harbour Port Inc (MNHPI) to the Romero family if it fails to secure...

Subic cargo handler case vs SBMA to proceed

Subic cargo handler case vs SBMA to proceed

May. 26 | THE Office of the Ombudsman has found merit in the case filed by Subic cargo handling firm Amerasia Interna-tional Terminal Services, Inc (Amerasia) against Subic Bay Metropo-litan Authority (SBMA) and its joint venture partner Harbour Centre Port Terminal,...

Customs worries over poor collection of 5 ‘billionaire ports’

Customs worries over poor collection of 5 ‘billionaire ports’

May. 26 | THE Bureau of Customs (BOC) is uneasy over the performance of its key collection districts even if overall targets for April and for the first four months of the year have already been met. Of the five major revenue-generating ports, only one –...

Look elsewhere for funds, NEDA tells PCG

Look elsewhere for funds, NEDA tells PCG

May. 26 | THE National Economic and Development Authority (NEDA) has asked the Philippine Coast Guard (PCG) to look for other ways to finance the purchase of up to nine helicopters under its Maritime Disaster Response Helicopter acquisition project. Acting NEDA...

SLEX toll to  rise 250% by June 16

SLEX toll to rise 250% by June 16

May. 26 | THE new private operator of the South Luzon Expressway (SLEX) is increasing its toll fees by about P250% starting June 16. South Luzon Tollway Corp. (SLTC) said the Toll Regulatory Board has approved a rate increase to P2.731 per kilometer from the existing...
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