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Archive for December, 2018

After 44 years, Marina gets own central office building

After 44 years, Marina gets own central office building

Dec. 16 | The 12,000-square meter, 12-story building was constructed at a cost of P382 million. Construction took three years to complete. Photo courtesy of the Maritime Industry Authority. For the first time since its founding in June 1974, the Maritime Industry...

PCC probes deeper into ICTSI purchase of North Harbor shares

PCC probes deeper into ICTSI purchase of North Harbor shares

Dec. 16 | The Philippine Competition Commission (PCC) entered the second phase of its review of the proposed acquisition by International Container Terminal Services, Inc. (ICTSI) of 50% shares in Manila North Harbour Port, Inc. (MNHPI). In a statement, PCC said...

BOC’s 2018 collection target cut by P10B

BOC’s 2018 collection target cut by P10B

Dec. 16 | The revenue collection target for 2018 of the Bureau of Customs (BOC) has been reduced by P10 billion to P584.9 billion with the fuel marking program yet to be implemented. In a memorandum dated November 15 and signed November 22, Customs Commissioner...

Consultants wanted for new Cebu container port

Consultants wanted for new Cebu container port

Dec. 16 | The Department of Transportation (DOTr), through the Department of Budget and Management-Procurement Service (DBM-PS), has started inviting interested firms to provide consultancy services for the New Cebu International Container Port (NCICP) project. In...

Lazada’s last-mile delivery fleet ships 1M parcels during shopping festivals

Lazada’s last-mile delivery fleet ships 1M parcels during shopping festivals

Dec. 16 | Southeast Asian e-commerce firm Lazada said it drew a record-breaking 1.3 billion visits to its platforms during its 11.11 (November 11) and 12.12 (December 12) shopping festivals. Lazada, in a statement, said that after crushing the region’s 11.11...

SEC clears way for 2GO, NENACO merger

SEC clears way for 2GO, NENACO merger

Dec. 16 | The merger between 2GO Group, Inc. and its parent company, Negros Navigation Corp., Inc. (NENACO), set to take effect on January 1, 2019, has been approved by the Securities and Exchange Commission (SEC). In a regulatory disclosure, 2GO said it received...

Tacloban port tops P1B in revenue collection, 213% over 2018 target

Tacloban port tops P1B in revenue collection, 213% over 2018 target

Dec. 16 | As of November 29, 2018, the Bureau of Customs-Tacloban collected P1.006 billion, 213% more than the target of P321 million. Photo from the Bureau of Customs Tacloban Facebook page. As of end-November the Bureau of Customs (BOC) district port of Tacloban...

Airline industry profit to reach $35.5B next year—IATA

Airline industry profit to reach $35.5B next year—IATA

Dec. 15 | The global airline industry is expected to post a net profit of US$35.5 billion in 2019, its tenth year of profitability, predicts the International Air Transport Association (IATA). The 2019 profit outlook is slightly ahead of the $32.3 billion expected...

Ship operating costs to rise in the next few years, says report

Ship operating costs to rise in the next few years, says report

Dec. 15 | Global shipping consultancy Drewry forecasts that average vessel operating costs are set to accelerate over the short term after rising modestly for the second straight year in 2018 following two years of marked declines. In its recently published report...

BOC principal appraisers placed under Import Assessment Service control

BOC principal appraisers placed under Import Assessment Service control

Dec. 13 | Customs Commissioner Rey Leonardo Guerrero has transferred the operational control of all Bureau of Customs (BOC) principal appraisers to the Imports Assessment Service (IAS). Administrative supervision of principal appraisers, meanwhile, remains with...
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