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Archive for January, 2018

BOC order limits officers with authority to issue alerts

BOC order limits officers with authority to issue alerts

Jan. 30 | Only the chief of the Philippine Bureau of Customs (BOC), his authorized representative, and district collectors are now authorized to issue alert orders. Customs Memorandum Order (CMO) No. 03-2018, dated and signed by Customs Commissioner Isidro Lapeña...

PIDS study advises stronger long-range planning for infra program

PIDS study advises stronger long-range planning for infra program

Jan. 30 | The Philippine government should improve its planning and programming systems, both at the national and agency levels, as its Build, Build, Build infrastructure program takes off, according to a recent study by state think tank Philippine Institute for...

US import tariffs may also hit American consumers—think tank

US import tariffs may also hit American consumers—think tank

Jan. 30 | While the protectionist tariffs on imported solar panels and washing machines are expected to drag down some Asian countries’ exports, U.S. consumers may also have to bear the brunt of higher product prices, according to a Malaysian research house. “The...

Joint NEDA, Cabinet committees okay Subic-Clark railway project

Joint NEDA, Cabinet committees okay Subic-Clark railway project

Jan. 30 | The National Economic and Development Authority Investment Coordination Committee-Cabinet Committee (NEDA ICC-CabCom) has approved the Subic-Clark Railway Project, which will provide rail freight connection between Subic Bay in  Zambales and Clark Freeport...

PH spurns P327M in EU trade aid

PH spurns P327M in EU trade aid

Jan. 30 | The Philippine government has rejected a EUR6.1-million (P327.4 million) trade assistance project from the European Union, head of European Commission Delegation to the Philippines Franz Jessen said. Jessen, in a news forum on January 24, said the Philippines...

BOC order stipulates how to assess goods newly subject to higher excise tax

BOC order stipulates how to assess goods newly subject to higher excise tax

Jan. 30 | While waiting for implementing rules and regulations (IRR) of the Tax Reform for Inclusion and Acceleration (TRAIN), commodities with increased excise tax under the new law should be assessed as goods under “provisional assessment”, Customs Commissioner...

Asian airlines book highest cargo growth in 7 years

Asian airlines book highest cargo growth in 7 years

Jan. 30 | International air cargo demand for Asia-Pacific airlines registered in 2017 its strongest full-year growth in seven years, according to the Association of Asia Pacific Airlines (AAPA). Citing its traffic figures for the full calendar year, AAPA said both...

WCO launches 2018 theme, calls for securing supply chain

WCO launches 2018 theme, calls for securing supply chain

Jan. 29 | The World Customs Organization (WCO) has unveiled “A Secure Business Environment for Economic Development” as its slogan in 2018, introduced formally on January 26 to mark World Customs Day. Under this banner, WCO encourages its members to look at...

CMA CGM’s new mega flagship to sail on Asia-Europe lane

CMA CGM’s new mega flagship to sail on Asia-Europe lane

Jan. 29 | French shipping giant CMA CGM has announced the arrival of its new flagship, the first of an order of three 20,600 twenty-foot-equivalent unit (TEU) container ships to be deployed on the Far East-Europe route. Named the CMA CGM Antoine De Saint Exupery,...

Hanjin unveils 20,600-TEU vessel built in Subic

Hanjin unveils 20,600-TEU vessel built in Subic

Jan. 27 | The CMA CGM Antoine De Saint Exupery is the first ever 20,600-TEU vessel completed inside the Subic Bay Freeport Zone and has been touted as the biggest ship in the world to date by the company. Photo courtesy of Subic Bay Metropolitan Authority. South...