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Archive for October, 2015

PH falls 8 places in WB’s ease of doing business report

PH falls 8 places in WB’s ease of doing business report

Oct. 30 | The Philippines’ rank in trading across borders took a big dip while the biggest improvement was in enforcing contracts. The Philippines dropped eight spots to 103rd out of 189 economies in the latest World Bank (WB) Ease of Doing Business Report...

BOC Sept collection slips on lower oil import revenue

BOC Sept collection slips on lower oil import revenue

Oct. 30 | The decline in the average price of oil was a drag on Philippine customs revenues. Revenue collected by the Bureau of Customs (BOC) in September declined 0.8% to P32.65 billion year-on-year and was short by 20.6% of the P41.1-billion target for the month. BOC,...

WTO updates 4 annual publications on trade and tariffs

WTO updates 4 annual publications on trade and tariffs

Oct. 30 | The World Trade Organization (WTO) released online on October 29, 2015 the new editions of its four key annual statistical publications—International Trade Statistics, Trade Profiles, World Tariff Profiles and Services Profiles—which provide detailed...

Changi Airport awards $799M deal for initial works on third runway

Changi Airport awards $799M deal for initial works on third runway

Oct. 30 | Singapore Changi Airport operator Changi Airport Group (CAG) said it has awarded to a joint venture a S$1.12-billion (US$799.37 million) contract for the first package of works leading to the development of a three-runway system at the airport. The contract...

World Bank to put up infrastructure development hub in Singapore

World Bank to put up infrastructure development hub in Singapore

Oct. 30 | The World Bank Group has signed an agreement with Singapore to expand the financial institution’s office in Singapore and establish its first global infrastructure and urban development hub. The expanded hub will provide global infrastructure and urban...

WTO: trade facilitation deal can raise world exports by up to $1 trillion yearly

WTO: trade facilitation deal can raise world exports by up to $1 trillion yearly

Oct. 28 | Implementing the World Trade Organization’s Trade Facilitation Agreement (TFA) can help increase global merchandise exports by up to US$1 trillion per annum, according to the WTO’s flagship World Trade Report released on October 26, 2015. The first...

Thai port operator marks milestone of 15M TEUs handled

Thai port operator marks milestone of 15M TEUs handled

Oct. 28 | Hutchison Ports Thailand (HPT) said it crossed this month the threshold to 15 million twenty-foot equivalent units (TEUs) of containers lifted, 13 years since the port operator began to operate in the country. HPT commemorated on October 21 the loading...

Singapore to see 2% to 2.5% growth in 2015-2016—MAS

Singapore to see 2% to 2.5% growth in 2015-2016—MAS

Oct. 28 | Despite the softening global economy, Singapore’s economy is expected to see a modest pace of growth of 2% to 2.5% in 2015, with risks tilted to the downside, according to the Monetary Authority of Singapore (MAS). In its half-yearly macroeconomic...

UPS upbeat its ‘positive momentum’ to lead to strong full year profit

UPS upbeat its ‘positive momentum’ to lead to strong full year profit

Oct. 28 | Global logistics giant United Parcel Service said it is on a continued “positive momentum” following its above-expectations earnings in the third quarter, as it reaffirmed it is looking to reach the higher-end range of its total 2015 target. The Atlanta-based...

Temporary permit for PNP-regulated chemicals extended to April

Temporary permit for PNP-regulated chemicals extended to April

Oct. 28 | Philippine companies dealing with regulated chemicals may heave a sigh of relief at least for now with the government extending until April 2016 the validity of temporary permits for acquiring substances included in the revised Philippine National Police...
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