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Archive for November, 2014

PH economy slows in Q3, hobbled by port congestion, reduced public spending

PH economy slows in Q3, hobbled by port congestion, reduced public spending

Nov. 29 | Notice from one of the McDonald’s outlets in Northern Luzon, pointing to port congestion as reason for unavailability of some products. Photo courtesy of Francisco Delgado IV of Royal Port Services. The Philippine economy grew 5.3% in the third...

NYK Line makes first port call in Subic

NYK Line makes first port call in Subic

Nov. 29 | A trailer truck hauls off a container from MVJakarta Tower, a vessel chartered by NYK Line for its first ad hoc call at the Port of Subic. MV Jakarta Tower, which will be used exclusively for NYK bookings, arrived at Subic’s New Container Terminal on...

Harbor Star files intent to expand business services

Harbor Star files intent to expand business services

Nov. 29 | Listed Harbor Star Shipping Services, Inc. recently received approval from its stockholders to amend its Articles of Incorporation to allow the company to expand its business portfolio. In a disclosure to the Philippine Stock Exchange, Harbor Star said...

One of top PH rice importers slapped with smuggling charge

One of top PH rice importers slapped with smuggling charge

Nov. 29 | Another top rice importer faces smuggling-related charges filed by the Bureau of Customs (BOC) for bringing in rice without government permits. Four separate complaints were filed by BOC acting district collectors Mario Mendoza of the Port of Manila;...

DHL Supply Chain PH chief: Let logistics industry be

DHL Supply Chain PH chief: Let logistics industry be

Nov. 28 | DHL Supply Chain Phils., Inc. country managing director Suzie Mitchell’s dream for the Philippine logistics industry is simple: Let the industry “develop itself”. Mitchell, who has been the Philippine boss for two years now, said the industry would...

Metro container yards still operating at high capacity

Metro container yards still operating at high capacity

Nov. 28 | While the situation involving repositioning of empty containers has improved slightly, utilization of container yards in Metro Manila remains high two months after the Manila truck ban has been lifted indefinitely in September. Carl Fontanilla, president...

Port congestion weighs down Q1 2015 business confidence

Port congestion weighs down Q1 2015 business confidence

Nov. 28 | Philippine businesses hold a rosier outlook for the last quarter of 2014 than they did for the previous quarter, posting a higher confidence index (CI) of 48.3% from 34.4% for the third quarter, but are less optimistic about the first quarter of 2015...

DOTC plans to link proposed P166B North-South railway system to Batangas port

DOTC plans to link proposed P166B North-South railway system to Batangas port

Nov. 28 | The Department of Transportation and Communications (DOTC) intends to connect Batangas port and the planned North-South Railway (NSR) system to provide the Southern Luzon hub with multimodal infrastructure for both cargo and passengers. “(By) making...

Vietnam passes updated draft investment, enterprise laws

Vietnam passes updated draft investment, enterprise laws

Nov. 28 | The National Assembly (NA) of Vietnam, the country’s legislative body, passed on November 26 the revised drafts of the Law on Investment and the Law on Enterprise, both aimed at improving the business climate in the country by creating a clear, open,...

Asia airlines fly in high gear; HKIA makes progress with new concourse

Asia airlines fly in high gear; HKIA makes progress with new concourse

Nov. 28 | Hong Kong airport’s scale model of midfield development plan Air cargo demand and passenger numbers remained robust for Asia-Pacific carriers in October as indicated by global traffic figures released by the Association of Asia Pacific Airlines...
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