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Archive for October, 2015

PCCI suggests trade, logistics reforms to aid PH businesses

PCCI suggests trade, logistics reforms to aid PH businesses

Oct. 28 | The use of technology in risk management is just one of the proposals put forward by the Philippine Chamber of Commerce and Industry to further ease doing business in the Philippines. The Philippine Chamber of Commerce and Industry (PCCI) is proposing...

Bill raising tax exemption for balikbayan boxes folded into draft CMTA

Bill raising tax exemption for balikbayan boxes folded into draft CMTA

Oct. 28 | Overseas Filipino workers and their families in the Philippines may soon no longer have to worry about paying taxes on their balikbayan (personal effects) boxes if their packages are worth less than P150,000. The Balikbayan Box Law (BBL) that will raise...

Subic port container throughput up 50% in September

Subic port container throughput up 50% in September

Oct. 28 | The Port of Subic handled 50% more containerized shipments in September compared to the same month last year. “As of last month, we have already broken our 2014 yearend record of 77,000 twenty-foot equivalent units (TEUs),” Subic Bay Metropolitan...

DOTC mounts Oplan Ligtas Biyahe for All Saints’ Day break

DOTC mounts Oplan Ligtas Biyahe for All Saints’ Day break

Oct. 27 | With the number of travelers expected to increase in the coming days due to the yearly observance of All Saints’ Day and All Souls’ Day, the Department of Transportation and Communications (DOTC) has reactivated Oplan Ligtas Biyahe: Undas 2015 to...

WTO trade facilitation deal to boost global exports by up to $1 trillion per year

WTO trade facilitation deal to boost global exports by up to $1 trillion per year

Oct. 27 | The World Trade Organization (WTO) said the full implementation of the WTO Trade Facilitation Agreement (TFA) has the potential to increase global merchandise exports by up to $1 trillion per annum. In its flagship World Trade Report 2015, WTO said developing...

Asian exports reflect key trends in global container demand

Asian exports reflect key trends in global container demand

Oct. 27 | Exports from Asia remain vibrant despite the sluggish pace of global economic growth, but they are also highlighting the areas of container trade growth and and those of demand decline, according to a new analysis by Clarksons Research. Container trade...

Singapore’s factory output contracts 4.8% in September

Singapore’s factory output contracts 4.8% in September

Oct. 27 | The manufacturing performance of Singapore in all sectors except biomedical and chemicals declined 4.8% in September 2015 year-on-year, continuing the downward trend for the eighth consecutive month. On a seasonally adjusted month-on-month basis, output...

Vietnam eyes 6.5%-7% annual GDP growth over next 5 years

Vietnam eyes 6.5%-7% annual GDP growth over next 5 years

Oct. 26 | The government of Vietnam is setting a growth target of 6.7% for 2016 and an average annual gross domestic product (GDP) goal of 6.5% to 7% for the next five years, according to a report released on the government’s portal. GDP per capita is expected...

Manila domestic port to adopt container booking system in 2016

Manila domestic port to adopt container booking system in 2016

Oct. 26 | Port operator Manila North Harbour Port, Inc. (MNHPI) will roll out the Terminal Appointment Booking System (TABS), along with other automation projects, at Manila’s domestic port next year. MNHPI chief executive officer Richard Barclay, on the sidelines...

PH trade facilitation efforts exceed ASEAN average—UN global survey

PH trade facilitation efforts exceed ASEAN average—UN global survey

Oct. 26 | The Philippines’ efforts at implementing trade facilitation measures exceed the overall average in Southeast Asia and the Asia-Pacific, according to a just-released survey by the ​​ United Nations Economic and Social Commission for Asia and the...