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New guidelines on customs duty, tax refund effective Oct 9

New guidelines on customs duty, tax refund effective Oct 9

Sep. 28 | Image by Lucia Grzeskiewicz from Pixabay The Bureau of Customs (BOC) has released Customs Memorandum Order (CMO) No. 25-2020, which provides guidelines on refund of duties and taxes and tax credit. CMO 25-2020 applies to the refund of overpayment or erroneous...

COVID-19 propels big changes in shippers’ logistics plans

COVID-19 propels big changes in shippers’ logistics plans

Sep. 28 | A new survey shows that 98% of shippers and logistics professionals are making major changes in their supply chain decisions and strategies in response to COVID-19-related disruptions, according to a Transport Intelligence (Ti) report. The COVID-19 crisis,...

PortCalls September 28, 2020 issue

PortCalls September 28, 2020 issue

Sep. 28 | Our latest issue PortCalls (September 28, 2020). Stories include: BOC activates ‘orange lane’ for medium, high risk cargoes FDA licensing order to hike cost, disrupt supply chain: Philexport chief Customs steps up post audit of rice shipments Construction...

Asian airlines carried mere 1M passengers in August

Asian airlines carried mere 1M passengers in August

Sep. 28 | Airlines in Asia-Pacific continued to grapple with receding passenger and cargo markets going into August, as the Association of Asia Pacific Airlines (AAPA) called anew for an urgent review of the border closures and blanket quarantines imposed by countries. “International...

BOC Davao implements E-TRACC

BOC Davao implements E-TRACC

Sep. 27 | Image by mohamed Hassan from Pixabay The Bureau of Customs (BOC) has rolled out its electronic cargo tracking system at the Port of Davao. BOC-Davao on September 7 saw its first trip using the Electronic Tracking of Containerized Cargo (E-TRACC) System...

Transpacific freight rates set new record high

Transpacific freight rates set new record high

Sep. 26 | Eastbound spot container freight rates have not just increased a lot since the COVID-19 outbreak started, they now exceed previous historical highs by an astounding 40%, according to data from Drewry. The reading for the week for the Drewry Hong Kong-Los...

CMA CGM enters air freight with 30% stake in airline

CMA CGM enters air freight with 30% stake in airline

Sep. 26 | CMA CGM has bared plans to acquire 30% of Groupe Dubreuil Aéro, signaling the container shipping company’s entry into the air transport sector. The French shipping company in a statement on September 23 announced the signing of a memorandum of understanding...

Firm to build multi-billion peso port complex in Surigao

Firm to build multi-billion peso port complex in Surigao

Sep. 25 | JM McGregor Haggens, Inc. chairman and CEO Jonathan Sanchez during a televised press conference announcing The Maritime City project on September 25 | Screengrab from Radio TV Malacañang’s livestream Construction company JM McGregor Haggens, Inc....

PH committed to help resolve seafarer crisis, says transport chief

PH committed to help resolve seafarer crisis, says transport chief

Sep. 25 | An inbound seafarer gets swabbed for the coronavirus during the dry run of Subic port as a crew change hub last August | Photo from Subic Bay Metropolitan Authority-Media Production Department Transportation Secretary Arthur Tugade assured the international...

PH trade plummets 24%, deficit widens 48% in 1H

PH trade plummets 24%, deficit widens 48% in 1H

Sep. 25 | Image by GREGOR from Pixabay Philippine external trade in goods plunged 24.5% to US$67.64 billion in the first half of 2020 from $89.58 billion in the same semester of 2019, according to the Philippine Statistics Authority (PSA). PSA said the decline...