Thursday, December 3, 2020

Monthly Archives: September, 2016

Lethargic trade forecast to keep air cargo market growth modest till 2025

The Airports Council International (ACI) in its World Airport Traffic Forecasts 2016–2040 predicts just a slight rise in global air cargo volumes each year...

WTO lowers world trade forecast for 2016-17 as merchandise volume falls sharply

The World Trade Organization (WTO) has revised downward its forecast for world merchandise volume in both 2016 and 2017, warning that the growth rates...

Asia on course for 5.7% GDP growth in 2016 and 2017, says ADB

Developing Asia is expected to grow steadily despite external pressures and should meet earlier forecasts for 2016 and 2017, aided by resilience in the...

S Korea’s Aug sea cargo dips; HK July exports fall

Cargo processed at South Korean seaports shrank nearly 6% in August from a year earlier despite a slight gain in exports, government data showed. The...

‘K’ Line lambasts bankruptcy rumors, threatens legal action

Japanese ocean carrier Kawasaki Kisen Kaisha, Ltd. or “K” Line has refuted allegations of potential bankruptcy and is mulling legal steps against the instigators...

PH Customs At A Crossroads

This is a four-part article outlining the major problems confronting the Philippine Bureau of Customs; the previous efforts to reform and modernize the agency;...

Don’t rule out customs brokers yet, says industry expert

Although the engagement of their services will eventually become optional, customs brokers will continue to process shipments in the Philippines if the current Bureau...

Complicated PH clearance processes to warrant use of customs brokers by multinationals

Multinational companies will likely continue to engage the services of customs brokers even if these become optional two years after implementation of the Customs...

PH carriers seek more methodical Marina vessel inspections

The Philippine Inter-Island Shipping Association (PISA) has called for a more organized conduct of ship inspections amid random checks by the Enforcement Service (ES)...

Vietnam deletes ineffective provisions in several customs policies

Vietnam’s Minister of Finance (MOF) has signed an order voiding mandates in 25 legal documents—including those regulating customs procedures—saying they no longer provided any...

Most Read

BOC-NAIA seizes 28 kilos of rare agarwood worth P2.4M

  Bureau of Customs intercepted in Pasay City three packages containing 28 kilos of agarwood with an estimated street value of P2.4 million All...

Industry expert pushes multimodal transport in ASEAN for cost savings

Multimodal transportation offers reduced costs, saves time and improves shipment monitoring during transit Dealing with customs transit/transshipment procedures of countries a multimodal transport challenge Multimodal...

PH, Indonesia to ink Halal trade deal

The Philippines and Indonesia are set to sign a memorandum of understanding (MOU) on Halal cooperation that will facilitate trade of Halal-certified goods...

Bellyhold shortage hampers Asia’s air cargo market recovery

Regional carriers transported 13% less cargo in October year-on-year even as global business conditions continued to improve Air cargo traffic held back by...