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Archive for May, 2011

First-quarter cargo throughput down 4%

First-quarter cargo throughput down 4%

May. 30 | PHILIPPINE cargo volume declined 4.34% in the first three months of the year to 36.47 million metric tons (mmt) from 38.12 mmt in the same period last year. Latest data from the Philippine Ports Authority also showed that domestic and foreign traffic...

SMC Shipping buys shares in Cebu shipyard

SMC Shipping buys shares in Cebu shipyard

May. 30 | A unit of San Miguel Corp (SMC), SMC Shipping and Lighterage Corp, has bought a majority stake in Keppel Cebu Shipyard Land, Inc (KCSLI) valued at P596.2 million. In a disclosure to the Philippine Stock Exchange, Keppel Philippines Holdings (KPHL) said...

Automated transshipment entry system starts June 1

Automated transshipment entry system starts June 1

May. 30 | THE Bureau of Customs (BOC) will start imposing on June 1 the automated transshipment entry system in all ports nationwide. This was decided after a meeting between BOC officials and stakeholders last week. The system will only cover customs territories;...

March imports up 21%

March imports up 21%

May. 30 | PHILIPPINE imports in March rose 21.2% to $5.523 billion from $4.556 billion in the same month last year, according to the National Statistics Office. March exports also increased 16% from $4.761 billion recorded in February. For the three-month period,...

AAPA airlines welcome return to profitability in ’10

AAPA airlines welcome return to profitability in ’10

May. 30 | MEMBER airlines of the Association of Asia Pacific Airlines (AAPA) posted a record $9.5 billion in net profits in 2010 from a net loss of $1.7 billion of the previous year. The strong performance was attributed to the resurgence of air freight and air...

Customs Demand Letters

Customs Demand Letters

May. 30 | IN the past months, the Bureau of Customs (BOC) has been filing criminal complaints on a weekly basis against alleged erring importers. Previously, BOC also sent demand letters against importers for deficiency of taxes and duties without the benefit...

3 major Customs policies up for implementation

3 major Customs policies up for implementation

May. 25 | THE Bureau of Customs (BOC) is set to impose in the next three weeks three major policies under its electronic-to-mobile (e2m) project. These are the electronic lodgment of transshipment entries for sea and air freight, the electronic submission of export...

Overhaul of x-ray procedures in order, say truckers

Overhaul of x-ray procedures in order, say truckers

May. 25 | THE Confederation of Truckers Association of the Philippines (CTAP) is calling for a review of x-ray scanning procedures conducted by the Bureau of Customs (BOC) at various ports. CTAP claimed the current process of conducting a physical and x-ray examination...

Jun 6 start of e-filing of motor vehicle import certificate at BOI

Jun 6 start of e-filing of motor vehicle import certificate at BOI

May. 25 | THE Board of Investments (BOI) will require companies registered under the Motor Vehicle Development Program (MVDP) to electronically file their certificate of authority to import (eCAI) starting June 6, 2011. The system initially entails the automated...

Pay Piatco $175M, Pasay court tells gov’t

Pay Piatco $175M, Pasay court tells gov’t

May. 25 | The Philippine government should pay the Philippine International Airport Terminals Co Inc (Piatco) US$175 million as just compensation for the takeover of the Ninoy Aquino International Airport Terminal III (NAIA III), the Pasay City Regional Trial Court...
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