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Monthly Archives: July, 2012

Strong peso keeps a nation poor

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International banker and economist Victor Barrios recently drafted a paper arguing that a strong peso has kept the Philippines poor, its people poorer and...

Singapore Airlines books 73% net profit

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Singapore Airlines (SIA) saw its net profit climb 73 percent to US$62 million in the three months ended June 30, up from $35.81 million...

First phase of Indonesia’s ‘pendulum’ program to cost $159 M

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The Indonesian government will allocate IDR1.5 trillion (US$159 million) for the first phase of the Pendulum Nusantara (Pendulum of the Archipelago), a seafreight transport...

Economic expert Kevin Warsh joins UPS board of directors

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United Parcel Service (UPS) appointed Kevin M. Warsh, an economic and financial market expert and a former central banker and presidential advisor, to the...

PAL headed to Toronto, Paris, NY

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Philippine Airlines will soon offer non-stop flights to Toronto, Paris and New York City, according to PAL president Ramon S. Ang. Ang made the announcement...

PH customs bonded warehouse operators push for clear export rules

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Customs bonded warehouse operators in the Philippines are seeking clear-cut procedures in the implementation of the Automated Export Declaration System (AEDS) imposed by the...

PH May imports advance 10%

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Philippine imports rose in May despite the drop in volume of electronic products, the country’s biggest import item. Latest data from the National Statistics Office...

Austal commits $15M to PH operations

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Austal, designer and builder of customized aluminum defense and commercial vessels, is infusing up to $3 million in its Philippine operations this year as it...

More on the 2012 Conference

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As the conference days draw near, preparations for SCMAP’s Annual Conference are getting more hectic. There are seven weeks to go. The schedule is...

Indonesia’s port operators in talks to coordinate shipments

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Indonesia’s state-owned port operator Indonesian Port Corporation (IPC) announced plans to establish a container terminal facility that will supervise shipping activities at all the...
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