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Archive for August, 2014

MMDA enforces one-truck lane policy on C5

MMDA enforces one-truck lane policy on C5

Aug. 30 | The Metropolitan Manila Development Authority (MMDA) is implementing a one-truck lane policy on C5 Road from September 1, 2014 to January 31, 2015, in a bid to address heavy traffic caused by trucks plying the thoroughfare. A test run of the policy, promulgated...

Better infrastructure, connectivity will boost Vietnam’s aviation industry

Better infrastructure, connectivity will boost Vietnam’s aviation industry

Aug. 30 | The aviation industry of Vietnam can increase its contribution to the country’s economic growth if national infrastructure and connectivity are adequately developed, but any developmental plans should be well planned and executed, according to the International...

Malaysian exports leap as global demand recovers

Malaysian exports leap as global demand recovers

Aug. 30 | Malaysia is among five Association of Southeast Asian Nations (ASEAN) countries to benefit from the global demand recovery, particularly for electrical and electronic (E&E) products, said RHB Research. The think tank said the country’s export numbers...

Port user’s certificate new requirement for port-bound trucks

Port user’s certificate new requirement for port-bound trucks

Aug. 29 | On top of the provisional authority to operate from the Land Transportation Franchising and Regulatory Board (LTFRB), trucks for hire servicing the ports of Manila must secure a port user’s certificate from the Philippine Ports Authority (PPA) to avoid...

Higher storage fees for overstaying boxes in PH on hold

Higher storage fees for overstaying boxes in PH on hold

Aug. 28 | The implementation of proposed higher storage rates for overstaying Customs-cleared containers has been held in abeyance pending further consultation with the private sector. At an August 26 public hearing called by the Philippine Ports Authority (PPA),...

Over 10,000 boxes need to be discharged daily to declog Manila ports by yearend

Over 10,000 boxes need to be discharged daily to declog Manila ports by yearend

Aug. 28 | From this week until December 31, a total of 10,547 containers should be moved out of the two Manila ports daily to once and for all obliterate by yearend the container backlog spawned by the Manila truck ban. This was the projection of Philippine Ports...

Singapore’s logistics sector urged to focus on technology, e-commerce to thrive

Singapore’s logistics sector urged to focus on technology, e-commerce to thrive

Aug. 27 | The logistics and transportation industry in Singapore has a positive outlook, and the government is urging industry players to harness technology and e-commerce to further accelerate the sector’s growth, said a senior government official. In his recent...

Northport’s modernized Wharf 16 fully operational by November

Northport’s modernized Wharf 16 fully operational by November

Aug. 27 |   Ongoing improvements at Northport Bhd’s Wharf 16 in Port Klang, Malaysia, have passed the halfway mark, and the facility is seen to be fully operational on schedule by November this year. NCB Holdings Bhd, parent company of Northport’s...

Cosco Pacific profit drops as box leasing weakens

Cosco Pacific profit drops as box leasing weakens

Aug. 27 | Hong Kong-headquartered Cosco Pacific reported an 11.4 percent increase in revenue in the first half of 2014 to US$440.158 million against revenue of $395.195 million in the corresponding period in 2013. Revenue from its terminal business rose by 18.9...

International carriers claim losses of $5.4B since Manila truck ban

International carriers claim losses of $5.4B since Manila truck ban

Aug. 26 | Roughly US$5.4 billion in losses have been incurred by international shipping lines due to port congestion since the Manila truck ban policy was implemented on February 24 until end-July. The rough estimate, according to Association of International Shipping...
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