Sunday, September 19, 2021

Monthly Archives: November, 2018

Additional fuel excise tax may be implemented in 2019 after all

The Development Budget Coordinating Committee (DBCC) has retracted its recommendation to suspend the second increase in excise tax on fuel under the Tax Reform...

Challenging outlook for shipping as new export orders fall—Bimco

The effects of rising trade barriers, capital flowing out of emerging market economies, and the elevated geopolitical risk are already being felt and bringing...

Asian air carriers enjoy sustained growth in passenger, cargo markets despite trade tensions

Air passenger traffic continued to expand at an encouraging pace, while international air cargo volumes remained firm, notwithstanding tensions around global trade policies, according...

First TIR truck journey from China to Europe achieved in 13 days

After more than six months’ preparation, the first truck to make a road journey from China to Europe under the Transports Internationaux Routiers (TIR)...

New Bohol airport inaugurated

President Rodrigo Duterte led the inauguration of the P8.9-billion Bohol-Panglao International Airport (BPIA) on November 27. “This modern airport will serve local and international tourists...

PH ports register 2.06% volume growth in Jan-Oct

Cargo volume handled by Philippine ports in the first 10 months of 2018 rose 2.06% year-on-year as both foreign and domestic cargoes recorded increases...

Carriers eye full adoption of automated empties return under GoFast in 2019

Association of International Shipping Lines (AISL) members are looking to fully implement in 2019 an automated empty container returns system under GoFast. This would...

BOC chief orders heightened anti-smuggling initiatives

Customs Commissioner Rey Leonardo Guerrero has directed customs officials and employees to intensify anti-smuggling measures in ports. In a memorandum dated November 22, Guerrero reminded...

PPA Jan-Oct income inched up 0.28% as port rehabilitation costs soared

The Philippine Ports Authority (PPA) recorded a modest increase in net income in the first 10 months of 2018, owing to higher revenues boosted...

PH fuel marking system for implementation in 2019

The Philippine government will finally implement next year its fuel marking system to curb oil smuggling and plug revenue losses from illegal importation and...
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