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Latest news on economy impacting shipping and logistics

Economy

Marcos orders pre-border verification, e-invoicing for all imports

May 20, 2024

President Ferdinand Marcos, Jr. ordered the implementation of a digital and integrated system for pre-border technical verification and cross-border electronic invoicing for all...

PH ports handle 2.5% more cargo in Q1

May 17, 2024

Philippine ports handled 2.5% more cargoes in the first quarter of 2024 as both domestic and foreign shipments recorded increases Container traffic was...

NEDA Board extends zero duty of EVs until 2028

May 17, 2024

The National Economic and Development Authority Board extended until 2028 zero duties of electric vehicles under Executive Order No. 12 The Board also...

House approves amended Rice Tariffication Law on 2nd reading

May 16, 2024

The bill seeking to amend the Rice Tariffication Law has been approved with amendments on second reading by the House of Representatives The...

Central Luzon transport, trade conference highlights region’s growth, logistics opportunities

May 16, 2024

The Central Luzon Transport & Trade Conference 2024 set on May 24 at Hilton Clark Sun Valley Resort will feature the region’s attraction...

Cerberus, Hyundai formalize lease on Subic shipbuilding facility

May 15, 2024

Cerberus Capital Management and HD Hyundai Heavy Industries formalized their lease agreement on a portion of the former Hanjin shipbuilding facility in Subic,...

Second Clark airport runway needs minimum P7B investment — BCDA

May 14, 2024

The construction of a second runway at Clark International Airport will require an investment of P7 billion to P10 billion, according to the...

PH to remain world’s top rice importer

May 13, 2024

The Philippines will remain the world’s top rice importer next year, the US Department of Agriculture predicts The country is seen to import...

Container shipping upturn expected

May 11, 2024

There are signs the global container shipping industry can expect a noticeable upturn in the short term, according to DHL Ocean Freight Market...

Subic-Clark council wants 3 freeport zones declared transshipment hubs

May 10, 2024

The Subic-Clark Alliance for Development Council is proposing to declare Clark Freeport Zone, Subic Bay Freeport Zone, and Freeport Area of Bataan as...