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Archive for April, 2015

Mejia bid as IMO chief backed

Mejia bid as IMO chief backed

Apr. 29 | The Philippines will be taking further steps in the global maritime industry if Maritime Industry Authority (Marina) Administrator Dr. Maximo Mejia, Jr. is elected secretary general of the International Maritime Organization (IMO), according to shipping...

ATI allocates P8B for 3-year capex

ATI allocates P8B for 3-year capex

Apr. 29 | Batangas port operated by Asian Terminals Inc. Photo courtesy of ATI. Listed port operator Asian Terminals Inc. (ATI) is investing a minimum of P2.8 billion in 2015, followed by P3.1 billion and P2.1 billion in 2016 and 2017, respectively, as it continuously...

ASEAN-HK free trade pact could happen by 2016

ASEAN-HK free trade pact could happen by 2016

Apr. 29 | The Association of Southeast Asian Nations (ASEAN) is looking to forge a free trade agreement with Hong Kong, according to Dr. Lim Hong Hin, ASEAN Deputy Secretary-General for the ASEAN Economic Community (AEC). Lim said ASEAN has begun negotiations with...

UPS 1Q earnings shoot up 14% as all operations make profit

UPS 1Q earnings shoot up 14% as all operations make profit

Apr. 29 | United Parcel Service (UPS) improved its profitability in the first quarter of 2015 mainly by raising prices and seeing growth in international shipment, largely from strong European exports, as it reaffirmed its earnings guidance for the year. The express...

Asia’s cargo traffic brisk for carriers, slow for airports

Asia’s cargo traffic brisk for carriers, slow for airports

Apr. 29 | Airlines in the Asia-Pacific region stayed on the growth path overall though posting a slower pace in cargo traffic for March compared to the first two months of the year. On the other hand, airports in both Hong Kong and Singapore reported declines in...

E2m filing of PEZA locators’ transhipment entries deferred

E2m filing of PEZA locators’ transhipment entries deferred

Apr. 28 | The implementation of a directive that mandates Philippine Economic Zone Authority (PEZA) locators to file transshipment entries via the Bureau of Customs (BOC) electronic-to-mobile (e2m) system will be deferred for 30 days. PEZA memorandum circular...

BOC DepComs stay put – for now

BOC DepComs stay put – for now

Apr. 28 | All staying for now: (L to R) deputy commissioners Jessie Dellosa, Ariel Nepomuceno and Atty Agaton Uvero. Also staying put are deputy commissioners Editha Tan and Atty Arturo Lachica. Bureau of Customs (BOC) deputy commissioners — except for the...

Sevilla: No one pressured me to resign

Sevilla: No one pressured me to resign

Apr. 28 | Former customs commissioner John Phillip Sevilla said he was not fired, neither was he pressured to resign, or asked by any person or political party to use the Bureau of Customs (BOC) to raise funds. In an emailed statement to media on April 27, Sevilla...

More PH truckers to slash rates

More PH truckers to slash rates

Apr. 27 | The Confederation of Truckers Association of the Philippines (CTAP) reduced its guide rates for the transport of containerized cargoes effective this month, and the Integrated North Harbor Truckers Association (INHTA) will follow suit in May. CTAP president...

Manila port operators disclose strategies to ensure low yard usage, no queues

Manila port operators disclose strategies to ensure low yard usage, no queues

Apr. 27 | Manila South Harbor. Photo courtesy of port operator Asian Terminals Inc. The operators of Manila’s two international terminals are putting in further measures to sustain manageable yard utilization levels and ensure the smooth flow of truck movements...
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