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Economy

Groups seek recall of PPA container registry, monitoring order

Groups seek recall of PPA container registry, monitoring order The Philippine Ports Authority policy is “uninformed”, redundant, will cause congestion, hike business costs,...

Singapore’s Changi Terminal 2 reopens May 29

Singapore’s Changi Terminal 2 reopens May 29 Terminal 2 will reopen in phases as Changi Airport girds for an upsurge in passenger traffic...

Task force to check IT-BPM compliance with return-to-work order

Task force to check IT-BPM compliance with return-to-work order The task force will conduct oculars to ensure compliance with the return-to-office setup in...

Sanctions broke all logistics corridors for trade: Russia

Sanctions broke all logistics corridors for trade Western sanctions are forcing Russia to look for new logistics corridors, Russian transport minister says Moscow...

No near-term fall seen in freight rates

No near-term fall seen in freight rates Rates to stay high barring a global recession late this year that would reduce demand Despite...

ZIM generates record-high quarterly net income for Q1

ZIM generates record-high quarterly net income for Q1 Net income amounted to US$1.7 million and adjusted EBITDA to $2.5 million Revenues rose 113%...

14 port projects set for June inauguration

14 port projects set for June inauguration Opening of seven other port projects to follow in first 100 days of the new administration ...

Incentives for domestic shipowners eyed under Public Service Act implementing rules

Incentives for domestic shipowners eyed under Public Service Act implementing rules Maritime Industry Authority Administrator Robert Empedrad said the implementing rules will allow...

‘Chaos’ awaits peak season shipping

'Chaos' awaits peak season shipping Forwarders, traders, and shippers expect more disruption in the 2022 third-quarter peak season than in 2021, based on...

Shanghai factories crank up as COVID infections wane

Shanghai factories crank up as COVID infections wane Tesla sends second shipload of electric cars to Europe in a week as automaker delays...