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Archive for February, 2014

APEC creating roadmap to hasten free trade area

APEC creating roadmap to hasten free trade area

Feb. 28 | The Asia Pacific Economic Cooperation needs to explore new models of development, seek new sources of growth, and make bolder moves to hasten integration so as to combat the uncertainties of international trade, urged APEC senior officials. The high-ranking...

HK airfreight carriers push for greater open-city status

HK airfreight carriers push for greater open-city status

Feb. 28 | Cathay Pacific and Dragonair lauded the budget strategy set out by the Hong Kong government highlighting the importance of strengthening the state’s competitiveness as an international hub and improving the business environment for continued economic...

Carriers fortify SE Asia connections

Carriers fortify SE Asia connections

Feb. 27 | Hapag-Lloyd is boosting its intra-Asia service network with weekly sailings between east and southeast Asia. The new Japan-Singapore-Jakarta (JSJ) service will be launched on March 12, 2014 from Singapore. It will provide weekly direct connections between...

Confusion over Manila truck ban; Customs extends operations

Confusion over Manila truck ban; Customs extends operations

Feb. 27 | Trucking holiday ends; Customs reports P490M loss The Manila truck ban policy is causing much confusion, with many transport stakeholders still not exactly clear when trucks can ply Manila streets. This even as truckers ended on Thursday (Feb 27) their...

ICTSI extends contract to operate Tacloban Port

ICTSI extends contract to operate Tacloban Port

Feb. 26 | Tacloban port before the November 2013 super typhoon Haiyan Port operator International Container Terminal Services, Inc. (ICTSI) has agreed to extend its contract to operate Tacloban Port for another six months while oil giant Pilipinas Shell agreed...

ICTSI blames congestion on lack of infrastructure

ICTSI blames congestion on lack of infrastructure

Feb. 26 | International Container Terminal Services, Inc. (ICTSI) on Wednesday said the Manila truck ban will slow down Philippine growth, noting that the real culprit in road congestion is the country’s lack of infrastructure. “Trade represents growth. Growth...

Singapore’s economy grew 6.1% in Q4 and 4.1% in 2013

Singapore’s economy grew 6.1% in Q4 and 4.1% in 2013

Feb. 26 | The Singapore economy performed well in the last quarter of the year and for the whole of 2013, according to Permanent Secretary Ow Foong Pheng of the Ministry of Trade and Industry. In a recent speech, she said Singapore’s GDP grew by 5.5 percent in...

Asia cargo airlines fly high with early CNY celebration

Asia cargo airlines fly high with early CNY celebration

Feb. 26 | Air cargo markets were relatively firm for Asia-Pacific airlines in the lead-up to the Chinese New Year holidays. Data from the Association of Asia Pacific Airlines (AAPA) show that the region’s airlines carried 4,782 freight tonne kilometers of cargo...

Reforms crucial as trade flows within APEC shift

Reforms crucial as trade flows within APEC shift

Feb. 26 | Structural reforms to protect against financial volatility are what members of the Asia-Pacific Economic Cooperation (APEC) have to formulate as risks to the global economic recovery remain palpable. This was among the key recommendations expressed at...

2 sites for third terminal at Malaysia’s Port Klang ID’d

2 sites for third terminal at Malaysia’s Port Klang ID’d

Feb. 25 | Two possible locations for a third terminal at Port Klang have been identified under an ongoing feasibility study for the planned infrastructure project at Malaysia’s busiest seaport. The new terminal will be built to expand the port’s handling capacity...
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