Home » Archive for November, 2015
Archive for November, 2015
ASEAN achieves significant progress in tariff liberalization since 1992 AFTA signing—report
Nov. 30 | Since the ASEAN Free Trade Area (AFTA) agreement was signed in 1992, the Association of Southeast Asian Nations member states (AMS) have made significant progress in their continued commitment to open their markets, mainly through gradual tariff liberalization,...
Only 30% of PH gov’t agencies plugged into National Single Window
Nov. 30 | A third, or only 12 of 40, government agencies involved in issuing import and export licenses, permits, and clearances are currently connected to the Philippine National Single Window (PNSW). Customs commissioner Alberto Lina has asked stakeholders to...
Waive bank secrecy in exchange for exemption from BIR clearance, Lina proposes to brokers
Nov. 30 | If Philippine customs brokers waive their right to bank secrecy, they may no longer be required to secure the Bureau of Internal Revenue’s (BIR) Brokers’ Clearance Certificate (BCC). This is what Customs commissioner Alberto Lina said during the Chamber...
PH economy grows 6% in Q3, third highest rate in Asia
Nov. 30 | The Philippine economy grew 6% in the third quarter of 2015—slightly below the expected 6.3% growth but an improvement over the 5.8% expansion in the second quarter—making the country still one of the fastest growing economies in Asia. The third-quarter...
PH Sept imports up 6.7%
Nov. 30 | The Philippines’ merchandise imports continued to post growth for the fourth consecutive month in September, boosted by double-digit increases in the importation of raw materials and intermediate goods, capital goods, and consumer goods, according...
Rush to put up new businesses as Vietnam implements revised enterprise law
Nov. 30 | Vietnam might see the number of newly established enterprises increase to a record high following a significant surge in the launch of new firms with the effectivity of the revised Law on Enterprises that provides a more business-friendly environment. An...
Carriers laud Singapore’s decision to extend exemption for liner shipping pacts
Nov. 30 | Shipping lines in Singapore welcomed the decision by the Minister for Trade and Industry to extend the exemption of certain liner shipping agreements (LSAs) from the law prohibiting anti-competitive deals. In a statement, Esben Poulsson, president of...
Zim achieves profit even as freight rates hit new lows
Nov. 30 | Israeli container shipping carrier Zim Integrated Shipping Services said that despite a challenging market environment, it achieved its fourth consecutive quarter of operating income in the third quarter. Net income reached US$11 million in the three...
Weak demand from key markets hurt HK’s October exports
Nov. 30 | Hong Kong’s total merchandise exports fell 3.7% in October year-on-year as global demand remained week and exports to most of its major markets continued to decline, according to the latest data from the Census and Statistics Department (C&SD). Exports,...
