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PIL to exit transpacific market in March

PIL to exit transpacific market in March

Feb. 17 | As part of Pacific International Lines’ (PIL) continuous effort to optimize its network efficiency, the company will be withdrawing its services from the transpacific market. As a result of this service re-alignment, PIL’s last transpacific sailing...

PH second top export performer in East Asia with sales of $70B in 2019

PH second top export performer in East Asia with sales of $70B in 2019

Feb. 17 | Trade secretary Ramon Lopez Philippine exports reached a record high of US$70.3 billion in 2019 from $69.3 billion last year despite external headwinds arising from global trade policy uncertainties, geopolitical tensions, and country-specific challenges,...

For HKIA, still no respite from traffic declines in Jan

For HKIA, still no respite from traffic declines in Jan

Feb. 17 | Passenger traffic and cargo volume at Hong Kong International Airport (HKIA) continued their decline in January 2020, affected by the outbreak of the novel coronavirus (COVID-19) and continuing social unrest. During the month, HKIA handled 5.7 million...

Passenger fuel surcharge rates unchanged in PH

Passenger fuel surcharge rates unchanged in PH

Feb. 17 | Passenger fuel surcharge rates in the Philippines will remain the same from March to April 2020 from the previous two months due to the steady price of jet fuel, according to the Civil Aeronautics Board (CAB). In an advisory dated February 14, CAB executive...

COVID-19 spurs air cargo glut, higher rates

COVID-19 spurs air cargo glut, higher rates

Feb. 15 | Freight rates have soared as cancellations of flights to China and its territories are leading to a “critical shortage of air cargo space” as the coronavirus (COVID-19) outbreak shows no sign of slowing as yet, according to Xeneta. The shipping rate...

PPA sets procedures for ships from China, territories

PPA sets procedures for ships from China, territories

Feb. 15 | The Philippine Ports Authority (PPA) has issued port protocols geared toward preventing the spread of the coronavirus disease (COVID-2019). PPA Memorandum Circular (MC) No. 02-2020, dated and effective February 12, is in conjunction with relevant advisories...

Sole bidder awarded P208B Sangley Point airport project

Sole bidder awarded P208B Sangley Point airport project

Feb. 14 | The Cavite provincial government has awarded to the consortium of MacroAsia Corporation and China Communications Construction Company Ltd. the P208.5-billion Sangley Point International Airport (SPIA) project. MacroAsia, in a regulatory disclosure, said...

MetroPac starts construction of Sta. Rosa logistics center

MetroPac starts construction of Sta. Rosa logistics center

Feb. 14 | Officials of MetroPac Movers, Inc. and Markeenlo Realty, Inc. sign a lease agreement for the construction of the Laguna logistics center MetroPac Movers, Inc., the logistics arm of Metro Pacific Investments Corporation (MPIC), is building a logistics...

PH lifts travel ban on Taiwan

PH lifts travel ban on Taiwan

Feb. 14 | Image by skeeze from Pixabay The Philippines has today (Feb 14) lifted travel restrictions on Taiwan after the same was implemented four days ago amid the global outbreak of the coronavirus disease (COVID-2019). In a resolution on Feb 14, the Inter-Agency...

BOC misses 2019 revenue target

BOC misses 2019 revenue target

Feb. 14 | Nine of the 17 customs collection districts have hit their revenue targets for 2019, according to the Bureau of Customs (BOC). These ports were Limay with P56.332 billion; Cagayan de Oro with P34.540 billion; Subic with P32.373 billion; San Fernando with...