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DHL reports 3.1% growth in revenue in Q2

DHL reports 3.1% growth in revenue in Q2

Aug. 8 | Deutsche Post DHL generated further growth in the second quarter of 2020 despite the impact of COVID-19. Group revenue increased by 3.1% to EUR16.0 billion (US$18.9 billion) year-on-year, while adjusted organic revenue growth was even higher at 4.6%....

Gov’t scraps 8, adds 13 projects to BBB

Gov’t scraps 8, adds 13 projects to BBB

Aug. 7 | Screengrab of Presidential adviser for flagship programs and projects Vivencio Dizon during the virtual press conference on August 6 The Duterte administration has dropped eight projects from its Build, Build, Build (BBB) infrastructure program and added...

Online filing of docs, payment for port charges made mandatory

Online filing of docs, payment for port charges made mandatory

Aug. 7 | Screengrab of JMC 01-2020’s virtual signing on August 5 | Photo courtesy of ARTA Face-to-face transactions at the ports will soon be a thing of the past as a new order makes mandatory online filing of cargo clearance applications and documents and...

MSC Mediterranean Shipping launches first feeder service to Manila

MSC Mediterranean Shipping launches first feeder service to Manila

Aug. 7 | MSC Mediterranean Shipping Company’s new Seahorse service provides port coverage to eight countries in Asia Shippers in the Philippines can connect more seamlessly to intra-regional trade flows with the roll-out this month of MSC Mediterranean Shipping...

PH in recession as GDP plunges 16.5% in Q2 amid lockdowns

PH in recession as GDP plunges 16.5% in Q2 amid lockdowns

Aug. 6 | Image by MichaelGaida from Pixabay The Philippine economy has fallen into technical recession as gross domestic product plummeted 16.5% in the second quarter of 2020, the country’s lowest recorded quarterly growth since 1981 as the months-long pandemic...

PPA lessees with unpaid bills may pay in installment sans interest, penalties

PPA lessees with unpaid bills may pay in installment sans interest, penalties

Aug. 6 | The Philippine Ports Authority (PPA) is allowing its lessees to pay their unpaid accumulated rents in monthly installments beginning this month, without incurring penalties or interest. PPA Administrative Order (AO) No. 04-2020 grants lessees unable to...

Terms of SLEx Toll Road 5, PAREX for finalization

Terms of SLEx Toll Road 5, PAREX for finalization

Aug. 6 | South Luzon Expressway | Photo courtesy of South Luzon Tollway Corp. The concession agreement for two proposed multi-billion-peso toll road projects—the South Luzon Expressway (SLEx) Toll Road 5 and Pasig River Expressway (PAREX)—will soon be finalized,...

Slower decline in June trade sign of eco activity resumption

Slower decline in June trade sign of eco activity resumption

Aug. 6 | Image by GREGOR from Pixabay The Philippines’ total merchandise trade in June 2020 declined 19.9% against the same period last year, but improved on the previous month’s 35.3% contraction, signaling the resumption of economic activities. Trade in...

PH manufacturing downtrend slows in June

PH manufacturing downtrend slows in June

Aug. 6 | Image by Emir Krasnić from Pixabay The Philippine manufacturing sector registered a drop in June 2020 although at a slower pace from the previous month, latest figures showed. Volume of Production Index (VoPI) declined 19.3% year-on-year in June 2020,...

Rise in new export orders not enough to boost shipping—BIMCO

Rise in new export orders not enough to boost shipping—BIMCO

Aug. 5 | New export orders from China rose in July, but the expansion is not enough to help the shipping industry recover, according to a new report from the Baltic and International Maritime Council (BIMCO). China’s New Export Orders Index rose to 48.4 in July...