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Archive for November, 2010

New regulations for importer accreditation

New regulations for importer accreditation

Nov. 29 | IN recent months, the new customs commissioner has issued a number of new rules and regulations. We will outline below some of these recent issuances that significantly impact on the gateway community – customs brokers, forwarders, customs bonded...

Sept imports up 24% to $4.574B

Sept imports up 24% to $4.574B

Nov. 29 | PHILIPPINE imports increased 24.6% in September thanks to the continuing surge in electronic product shipments. Latest data from the National Statistics Office showed September imports jumped to $4.574 billion from $3.670 billion in the same month last...

2 CBW operators charged with smuggling

2 CBW operators charged with smuggling

Nov. 29 | THE Bureau of Customs (BOC) last week filed smuggling charges against two customs bonded warehouse (CBW) operators engaged in the importation of polyester/cotton yarn and ghost re-exportation of finished products (knitted t-shirts). Charged before the...

Asia Pacific carriers see growth in Oct

Asia Pacific carriers see growth in Oct

Nov. 29 | MEMBER lines of the Association of Asia-Pacific Airlines (AAPA) continued to post positive figures in October. Air cargo traffic grew 16.6% compared to the same month last year. The average international cargo load factor for Asia-Pacific carriers was...

New regulations for importer accreditation

New regulations for importer accreditation

Nov. 29 | IN recent months, the new customs commissioner has issued a number of new rules and regulations. We will outline below some of these recent issuances that significantly impact on the gateway community – customs brokers, forwarders, customs bonded...

ATI net income doubles in first three quarters

ATI net income doubles in first three quarters

Nov. 29 | ASIAN Terminals, Inc (ATI) doubled its net income to P1.665 billion in the first nine months of the year from P828.8 million in the same period last year. Total revenues grew 23.6% to P3.407 billion from P2.756 billion year on year. Revenue from port...

PAL sees 33% hike in income

PAL sees 33% hike in income

Nov. 24 | Flag carrier Philippine Airlines (PAL) maintained cautious optimism for the year despite posting modest gains in the last two quarters of its fiscal year. PAL said the continued volatility in fuel prices and the new case of bird flu recorded in Hong Kong...

Truck ban on EDSA opposed

Truck ban on EDSA opposed

Nov. 24 | Two of the country's biggest trucking groups said plans by the Metro Manila Development Authority (MMDA) to totally ban trucks from EDSA will translate to higher logistics costs. The Confederation of Truckers Association of the Philippines (CTAP)...

Changes needed in PH for successful intermodal system – expert

Changes needed in PH for successful intermodal system – expert

Nov. 24 | An intermodal transport expert is urging the Philippines to adopt policy changes in order to have a more effective intermodal transport system. "The Philippines is really well ahead of its counterparts in terms of intermodal transport concepts"...

Asia to lord over trade in the next decade

Asia to lord over trade in the next decade

Nov. 24 | Emerging economies, particularly those in Asia, will rule the world in the next 10 to 20 years, according to an official of logistics firm Expeditors International. "The world will look different in 2030 with the continued shift in wealth distribution,"...
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