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Archive for September, 2010
PAL annual operating budget at $230M
Sep. 29 | BELEAGUERED Philippine Airlines (PAL) needs at least $230 million annually to continue operating. In a statement, company spokes-person Cielo Villaluna said half of the estimated annual budget will come from cost-cutting measures such as crew reduction...
Expansion on Quickflo's agenda as it marks 15
Sep. 29 | Celebrating its 15th year this month, Quickflo Forwarders, Inc continues to expand operations despite uncertainties in the global economy. Reflecting this expansionary mood is its P10-million investment in a 1,000-square-meter warehouse that will be inaugurated...
IATA sees weaker 2011 for airlines
Sep. 29 | THE International Air Transport Association (IATA) expects a weaker 2011 with the recent strong growth in travel and freight markets in the Asia-Pacific region unlikely to be sustainable. “2010 is as good as it gets for this cycle. Governments are running...
Cold chain operators look at biomass to power reefer facilities
Sep. 29 | MEMBERS of the Cold Chain Association of the Philippines (CCAP) are eyeing the use of cheaper alternative sources of power for their refrigerated warehouses. With increasing demand for cold storage capacity, operators need to find another source of power...
Customs collection deficit to hit 7% this year
Sep. 29 | THE Bureau of Customs (BOC) will likely report a 7% collection shortfall for 2010 mainly due to changes in government policy. Customs commissioner Angelito Alvarez said the bureau’s take could be P20 billion less than its target of P280 billion owing...
July imports up 16.2%
Sep. 29 | STRONG demand for electronics kicked up Philippine imports in July to $4.678 billion, 16.2% more than the $4.026 billion posted in the same month last year, according to latest data from the National Statistics Office. On a month-on-month basis, imports...
Key collection districts fail to meet revenue goals
Sep. 27 | MOST of the country’s key ports fell short of their collection targets in August, leading to a 33% dip in the Bureau of Customs (BOC) revenue goal for that month. For August, the BOC took in P17.84 billion compared to its P26.71-billion goal. For January...
North Harbor port operator must submit JV papers this week
Sep. 27 | THE Philippine Ports Authority (PPA) is giving North Harbor operator Manila North Harbour Port, Inc (MNHPI) until this week to submit incorporation papers of its partnership with San Miguel Corp (SMC). SMC holds a minority stake in MNHPI after buying...
Anti-smuggling body all but closed
Sep. 27 | THE controversial Presidential Anti-Smuggling Group (PASG) has practically been shut down after the Office of the President left the agency with no funds for 2011. “The budget of PASG is zero,” presidential spokesperson Edwin Lacierda said at the...
