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Archive for July, 2019

BOC eases cargo clearance process for BIMP micro, small firms

BOC eases cargo clearance process for BIMP micro, small firms

Jul. 21 | The Bureau of Customs (BOC) has issued guidelines for special cargo clearance procedures for qualified micro and small entrepreneurs importing and exporting goods between the Philippines, Brunei, Indonesia, and Malaysia. Under Customs Memorandum Order...

Panalpina says H1 results ‘a respectable achievement’

Panalpina says H1 results ‘a respectable achievement’

Jul. 21 | Swiss-based international forwarding and logistics company Panalpina recorded a decrease in profit in the first half of 2019 due to lower margins in air freight and lower volumes from the automotive sector. From January to June 2019, Panalpina generated...

Cathay Pacific completes acquisition of HK Express

Cathay Pacific completes acquisition of HK Express

Jul. 20 | Hong Kong flag carrier Cathay Pacific announced that it has completed the acquisition of Hong Kong Express Airways (HK Express). Although now a wholly owned subsidiary of Cathay Pacific, HK Express will remain a stand-alone low-cost carrier to serve a...

P1.6B capacity expansion works on Subic expressway begin

P1.6B capacity expansion works on Subic expressway begin

Jul. 19 | Image by OpenClipart-Vectors from Pixabay The P1.6-billion Subic Freeport Expressway (SFEX) capacity expansion project is well underway, according to toll road company NLEX Corp. and the Subic Bay Metropolitan Authority (SBMA). Two new expressway lanes,...

BOC targets joining ASEAN Single Window this year

BOC targets joining ASEAN Single Window this year

Jul. 19 | Image by Gerd Altmann from Pixabay Automation of processes, enhancement of cargo clearance examination, and strengthening of institutional and individual capabilities in the areas of intelligence and enforcement are among the projects being undertaken...

Rerouting plan set as C3 Bridge partially closes for NLEX road project 

Rerouting plan set as C3 Bridge partially closes for NLEX road project 

Jul. 19 | Image by Clker-Free-Vector-Images from Pixabay A traffic rerouting plan for light vehicles will be implemented starting July 20 as C3 Bridge will be partially closed to give way to the construction of the C3-R10 Section of the North Luzon Expressway’s...

BOC suspends imposition of safeguard duty on ceramic tile imports

BOC suspends imposition of safeguard duty on ceramic tile imports

Jul. 18 | Image by Mabel Amber, still incognito… from Pixabay The Bureau of Customs (BOC) has put on hold the imposition of provisional safeguard duty on imported ceramic floor and wall tiles. The suspension was requested by Department of Trade and Industry...

Vinpearl Air set to join Vietnam’s aviation market

Vinpearl Air set to join Vietnam’s aviation market

Jul. 18 | Competition in the airline industry in Vietnam just got tougher as a new carrier is set to join the country’s aviation market. This follows the announcement by real estate and retail conglomerate Vingroup of the establishment of Vinpearl Air, a...

DTI to introduce logistics data portal

DTI to introduce logistics data portal

Jul. 18 | Image by Lalmch from Pixabay The Department of Trade and Industry (DTI) will launch within a few weeks a portal that will provide data useful for the logistics industry. The Logistics Observatory, a portal to be made available on DTI’s website, will...

ICTSI wins bid to acquire Rio container port

ICTSI wins bid to acquire Rio container port

Jul. 18 | Port operator International Container Terminal Services, Inc. (ICTSI), through subsidiary ICTSI Americas B.V., has made a successful bid to acquire 100% of the shares of Libra Terminal Rio S.A. (Libra Rio), the concessionaire of a container terminal at...
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