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Archive for December, 2015

Hong Kong’s November export value decreased 3.5%

Hong Kong’s November export value decreased 3.5%

Dec. 30 | The value of Hong Kong’s total exports in November fell 3.5% year-on-year while imports dropped 8.1%, according to data from the Census & Statistics Department. Total goods exports decreased to HK$315.3 billion in November from a year earlier...

Vietnam gov’t underscores new measures for enhanced economic stability in 2016

Vietnam gov’t underscores new measures for enhanced economic stability in 2016

Dec. 30 | Macroeconomic stability will be among the key tasks of the Vietnamese government in 2016, according to Prime Minister Nguyen Tan Dung. Deputy Prime Minister Nguyen Xuan Phuc on December 28 presented a government draft resolution on the administration’s...

Thai exports down in 2015 but seen to rally next year

Thai exports down in 2015 but seen to rally next year

Dec. 30 | Thailand is projecting exports this year to fall 5.5% year-on-year to US$215 billion, but expects to post growth of 5% next year to about $225 billion. This year would be the third consecutive year of decline for the country’s exports, and the drop...

PH imports up 16.8% in October

PH imports up 16.8% in October

Dec. 29 | Philippine merchandise imports grew 16.8% in October to $6.527 billion from $5.589 billion in the same month last year and 8.2% over the September 2015 figure, according to the Philippine Statistics Authority. The growth was backed by higher imports of...

Cebu Port Authority lists facilities for proposed P19.3B container terminal

Cebu Port Authority lists facilities for proposed P19.3B container terminal

Dec. 29 | Targeted for construction next year, Cebu’s proposed P19.3-billion international container terminal will have two 250-meter berths and four quay cranes, according to the Cebu Port Authority (CPA). CPA, in an email to PortCalls, said plans for the Cebu...

BIR ruling clears up VAT exemption for int’l cargo, passenger transport

BIR ruling clears up VAT exemption for int’l cargo, passenger transport

Dec. 29 | A newly released ruling of the Bureau of Internal Revenue (BIR) clarified the coverage of value-added tax (VAT) exemptions for the passenger and cargo transportation sector in the Philippines. In Revenue Regulation (RR) No. 15-2015 dated December 28 and...

NAIA congestion keeping PH from signing some ASEAN air transport liberalization pacts

NAIA congestion keeping PH from signing some ASEAN air transport liberalization pacts

Dec. 29 | The shortage of landing and takeoff slots and congestion at the Ninoy Aquino International Airport (NAIA) should not stop the Philippines from ratifying some Association of Southeast Asian Nations (ASEAN) agreements that foster air transport liberalization,...

Manila-Clark railway gets funding in 2016 budget

Manila-Clark railway gets funding in 2016 budget

Dec. 29 | The proposed railway that will connect Metro Manila to Clark Freeport Zone (CFZ) and other points in Northern Luzon might commence by next year after the Department of Budget and Management (DBM) approved the funding for the project, according to a Pampanga...

Container ships showcase sailing reliability

Container ships showcase sailing reliability

Dec. 28 | Box carriers’ sailing schedule reliability was unchanged in November as the average on-time performance across all trades slipped by just 0.8 percentage points against October to 77.2%, according to Drewry’s Carrier Performance Insight. Six of the...

Singapore’s factory output slows down

Singapore’s factory output slows down

Dec. 28 | Manufacturing production by Singapore declined in November on both year-on-year and month-on-month basis for all segments except chemicals, according to a new release from the Economic Development Board (EDB). The manufacturing output fell 5.5% on a year-on-year...
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