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Archive for October, 2017

Asia-Pacific export volume to improve modestly in 2018 amid risks, says UN

Asia-Pacific export volume to improve modestly in 2018 amid risks, says UN

Oct. 31 | As global and regional demand recovers, export volume of the Asia-Pacific region is expected to expand in 2017, but growth is seen to slow down next year as uncertainties and risks persist, the United Nations Economic and Social Commission for Asia and...

Strong intraregional trade and investment buffer Asia’s economies from risks

Strong intraregional trade and investment buffer Asia’s economies from risks

Oct. 31 | Growing trade and investment linkages in Asia and the Pacific help improve the region’s economic resilience to uncertainties in the global economic and trade policy environment, according to a new Asian Development Bank (ADB) report. Strong intraregional...

WCO’s nCEN system established in Sri Lanka

WCO’s nCEN system established in Sri Lanka

Oct. 31 | Sri Lanka has become the fifth country in the Asia-Pacific region to adopt the National Customs Enforcement Network (nCEN) application, according to the World Customs Organization (WCO). The nCEN is a system developed by the WCO to assist customs administrations...

Duterte orders return of post-clearance audit to BOC

Duterte orders return of post-clearance audit to BOC

Oct. 26 | Philippine President Rodrigo Duterte has revived the post-clearance audit function and returned it to the Bureau of Customs (BOC) from the Department of Finance (DOF). Executive Order (EO) No. 46 series of 2017, signed by Duterte on October 20, transfers...

PCCI rejects pre-shipment inspection of box cargoes, offers up alternatives

PCCI rejects pre-shipment inspection of box cargoes, offers up alternatives

Oct. 25 | The Philippine Chamber of Commerce and Industry (PCCI) is requesting the Department of Finance (DOF) and Bureau of Customs (BOC) to reconsider their plan to expand the pre-shipment inspection (PSI) program to containerized cargoes, proposing other measures...

BOC-MICP now operating extended work hours

BOC-MICP now operating extended work hours

Oct. 25 | The Bureau of Customs (BOC)-Manila International Container Port (MICP) has agreed to longer work hours to facilitate trade and avoid port congestion at one of the country’s main sea gateways. Starting October 19, the new work hours at the BOC-MICP...

Marina ups age cap for vessels seeking VAT exemption

Marina ups age cap for vessels seeking VAT exemption

Oct. 25 | The Maritime Industry Authority (Marina) has raised the age limit of vessels that can apply for an endorsement from the Department of Finance (DOF) for availment of value-added tax (VAT) exemption under the National Internal Revenue Code (NIRC). The...

BOC chief vows transparency in award of tax credit certificates

BOC chief vows transparency in award of tax credit certificates

Oct. 25 | There will no longer be delays in the awarding of tax credit certificates (TCC), Customs commissioner Isidro Lapeña said in a press conference on Oct 23. In addition, the TCCs will now be awarded during the Bureau of Customs’ regular flag raising...

Laguindingan Airport elevated as Cebu Pacific’s seventh hub

Laguindingan Airport elevated as Cebu Pacific’s seventh hub

Oct. 25 | Low-cost carrier Cebu Pacific has strengthened its domestic route network and air connections to and from Mindanao by designating Laguindingan Airport in Cagayan de Oro as its seventh hub in the Philippines. This as the airline launched two new routes...

BOC eyes permanent removal of green lane from selectivity system

BOC eyes permanent removal of green lane from selectivity system

Oct. 25 | Philippine Customs commissioner Isidro Lapeña is looking at the permanent removal of the green lane from the Bureau of Customs’ (BOC) selectivity system, noting its suspension has not had an adverse effect on port operations. “If there’s no need...
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