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Archive for July, 2012

Strong peso keeps a nation poor

Strong peso keeps a nation poor

Jul. 30 | International banker and economist Victor Barrios recently drafted a paper arguing that a strong peso has kept the Philippines poor, its people poorer and a few rich, richer.   He wrote the paper after joining dialogues with government economic and...

Singapore Airlines books 73% net profit

Singapore Airlines books 73% net profit

Jul. 30 | 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 a year earlier, largely on higher passenger volume as its cargo losses continued to expand. SIA posted the profit after...

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

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

Jul. 30 | 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 program that aims to cut logistics cost by improving the movement of goods along...

Economic expert Kevin Warsh joins UPS board of directors

Economic expert Kevin Warsh joins UPS board of directors

Jul. 30 | United Parcel Service (UPS) appointed Kevin M. Warsh, an economic and financial market expert and a former central banker and presidential advisor, to the board of directors, expanding the board to 13 members. The appointment is effective immediately,...

PAL headed to Toronto, Paris, NY

PAL headed to Toronto, Paris, NY

Jul. 29 | Philippine Airlines’ brand new Boeing 777-300ER aircraft recently arrived in Manila from the US plane maker’s plant in Seattle, Washington. The third B777 in PAL’s wide body fleet, the new plane will immediately go into service across the Pacific...

PH customs bonded warehouse operators push for clear export rules

PH customs bonded warehouse operators push for clear export rules

Jul. 29 | 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 Bureau of Customs (BOC). PortCalls sources in that community said rules in black...

PH May imports advance 10%

PH May imports advance 10%

Jul. 29 | 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 showed that May imports rose 10.1% to $5.386 billion from $4.893 billion. Compared to...

Austal commits $15M to PH operations

Austal commits $15M to PH operations

Jul. 29 | Construction continues on Austal's Next Generation 102m trimaran 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 moves its manufacturing...

More on the 2012 Conference

More on the 2012 Conference

Jul. 29 | 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 as follows:   Date: Sept. 13-14, 2012 Venue: Makati Shangri-la Hotel Theme: Navigating Supply Chain’s...

Indonesia’s port operators in talks to coordinate shipments

Indonesia’s port operators in talks to coordinate shipments

Jul. 26 | 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 country’s seaports in a bid to improve efficiency and cut logistics...
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