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PH releases national transport policy IRR

PH releases national transport policy IRR

Jan. 24 | Banner courtesy of the National Economic and Development Authority The National Economic and Development Authority (NEDA) has released implementing rules and regulations (IRR) of the National Transport Policy (NTP), the policy that embodies the government’s...

Global logistics market worth $6.6T in 2019, remains robust—report

Global logistics market worth $6.6T in 2019, remains robust—report

Jan. 24 | The total global logistics market size amounted to EUR6.0 trillion (US$6.6 trillion) in 2019, with the industry expected to continue to grow strong in the years ahead, according to a new report from Transport Intelligence (Ti). Amidst a slowdown in global...

7 House bills push for CMTA amendment

7 House bills push for CMTA amendment

Jan. 23 | Seven bills have been filed in the House of Representatives (HOR), six of which seek to amend certain sections of the Customs Modernization and Tariff Act (CMTA) to support the improvement and modernization of the Bureau of Customs’ (BOC) processes,...

East Asia’s growth to moderate to 5.2% in 2020-21 — UNCTAD report

East Asia’s growth to moderate to 5.2% in 2020-21 — UNCTAD report

Jan. 23 | Image by Pexels from Pixabay Against an increasingly challenging external environment, East Asia is projected to grow at a more moderate pace of 5.2% in 2020 and 2021, with downside risks to the growth outlook intensifying, according to a new report from...

BOC post-audit group collects P2B in 2019; fuel firms among next auditees

BOC post-audit group collects P2B in 2019; fuel firms among next auditees

Jan. 23 | Image by mohamed Hassan from Pixabay The Bureau of Customs (BOC) Post-Clearance Audit Group (PCAG) collected P2.051 billion in 2019 all as a result of the Prior Disclosure Program (PDP). This year it aims to collect double that amount as it prepares to...

Rising cost of LSFO a ‘massive challenge’ shipowners are facing overnight—BIMCO

Rising cost of LSFO a ‘massive challenge’ shipowners are facing overnight—BIMCO

Jan. 22 | The final quarter of 2019 marked a big spike in the sale of low-sulfur fuel oil (LSFO), as implementation of the mandatory IMO 2020 sulfur cap loomed, according to a new analysis from the Baltic and International Maritime Council (BIMCO). While high-sulfur...

Truckers warned against violating Manila truck routes

Truckers warned against violating Manila truck routes

Jan. 22 | Image by mohamed Hassan from Pixabay The Manila Traffic and Parking Bureau (MTPB) advised truckers to strictly observe truck routes being implemented in Manila or face the consequences, after the city government discontinued and indefinitely suspended...

EO inked on new tariff rates under ASEAN-HK trade deal

EO inked on new tariff rates under ASEAN-HK trade deal

Jan. 21 | President Rodrigo Duterte has signed an executive order (EO) modifying the import duty rates on certain articles in order to implement Philippine tariff commitments under the free trade agreement (FTA) between Hong Kong and the Association of Southeast...

BOC: Confining agri imports to a few ports workable

BOC: Confining agri imports to a few ports workable

Jan. 21 | Image by EFAFLEX_Schnelllauftore from Pixabay The Department of Agriculture’s (DA) plan to limit importation of agricultural products through only five ports in the Philippines to ensure proper inspection is possible as long as dedicated examination...

BOC’s review findings on suspended NVVS released by end-Jan

BOC’s review findings on suspended NVVS released by end-Jan

Jan. 21 | During the launch of BOC’s new computer projects, including the National Value Verification System, in June 2019. Photo courtesy of BOC. The Bureau of Customs (BOC) is aiming to complete review of the National Value Verification System (NVVS) and...