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Archive for January, 2016

Thai economy seen to expand up to 3.5% this year

Thai economy seen to expand up to 3.5% this year

Jan. 27 | The Thai economy will expand by 3.5% this year, to be spurred by the government’s economic stimulus measures, according to the Thai Military Bank (TMB). Chief Executive of TMB Bank Boontak Wangcharoen said the Thai economy will begin to recover this...

Port equipment deliveries increase as terminals step up automation

Port equipment deliveries increase as terminals step up automation

Jan. 27 | The move toward port automation is on the rise, based on a new market survey of global container port equipment deliveries in 2014 released by an international association of companies in the port equipment and technology sectors. The Port Equipment Manufacturers...

BIR centralizes processing of applications for authority to release imported goods

BIR centralizes processing of applications for authority to release imported goods

Jan. 26 | Philippine importers of excisable products must now apply for the Authority to Release Imported Goods (ATRIG) only with the head office of the Bureau of Internal Revenue (BIR), a new ruling that forms part of the agency’s centralized policy to ensure...

Davao port project bidder bows out

Davao port project bidder bows out

Jan. 26 | The Philippine government is hoping to convince the consortium that pulled out from the bidding of the Davao-Sasa Port Modernization project to reconsider its decision, according to the Department of Transportation and Communications (DOTC). In text messages...

Pac-Atlantic marks 29 years

Pac-Atlantic marks 29 years

Jan. 26 | The management and staff of Pac-Atlantic Lines (Phils.) Inc. celebrated the company’s 29th anniversary with a thanksgiving mass and dinner at the roof deck of the Pac-Atlantic Centre in Makati City. Chairman Ramon de Leon (seated, fourth from...

New Cebu Pacific airplane sports updated livery

New Cebu Pacific airplane sports updated livery

Jan. 26 | Photo courtesy of Cebu Pacific Low-cost carrier Cebu Pacific has received its first aircraft which comes decked out in its new livery, a brand-new A320 aircraft that arrived from Toulouse, France, on January 22. Equipped with fuel-saving wingtip devices...

Balisacan leaves NEDA to lead new PH competition agency

Balisacan leaves NEDA to lead new PH competition agency

Jan. 26 | Economic Planning Secretary Arsenio Balisacan, who is also director-general of the National Economic and Development Authority (NEDA), will step down from his post to head the newly formed Philippine Competition Commission on Jan 31. Dr Emmanuel Esguerra,...

Tanjung Pelepas port sets record 18,000 TEUs processed in a single berthing

Tanjung Pelepas port sets record 18,000 TEUs processed in a single berthing

Jan. 25 | The Port of Tanjung Pelepas (PTP) has become the first Malaysian port to handle more than 18,000 twenty-foot equivalent units (TEUs) in a single berthing by a vessel. In a statement, PTP said the milestone was accomplished on January 13, 2016 when Matz...

Singapore top investor as FDIs in Indonesia surge 19%

Singapore top investor as FDIs in Indonesia surge 19%

Jan. 25 | Foreign direct investments (FDIs) in Indonesia rose 19.2% in 2015 year-on-year to reach IDR365.9 trillion (US$26.4 billion), with Singapore as the largest investor, according to Indonesia’s Capital Investment Coordinating Board (BKPM). Singapore is...

Vietnam exports up 7.9% on strong electronics sales

Vietnam exports up 7.9% on strong electronics sales

Jan. 25 | Vietnam’s total merchandise exports for the whole of 2015 rose 7.9% in value year-on-year to US$162.11 billion, according to trade statistics released by Vietnam Customs. The commodities that fueled export growth in January-December 2015  included...