Tuesday, May 18, 2021
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Editors' Picks

NLEX toll up starting May 18

The Toll Regulatory Board has approved a 2% to 3% toll increase on the North Luzon Expressway starting May 18, 2021 Depending on...

PPA net income inch up 3% in Q1

The Philippine Ports Authority posted a P2.601-billion net income in the first quarter of 2021, almost 3% higher than the previous year’s take ...

Harbor Star trims net loss to P84.9M in 2020

Harbor Star Shipping Services recorded a net loss of P84.9 million in 2020, lower than the P376.3 million net loss suffered in 2019 ...

Air cargo volumes draw closer to pre-Covid levels but rates still rising

Air cargo volumes increased by 53% in April 2021 year-on-year but were just 3% higher than pre-Covid levels in April 2019 Average rates...

ARTA probes LGUs for violation of ban on cargo pass-through fees

The Anti-Red Tape Authority is looking into allegations of LGUs still collecting unauthorized pass-through fees and taxes from vehicles transporting goods A directive...

Duterte cuts rice import duty, modifies pork tariffs

President Rodrigo Duterte has approved the temporary reduction of tariff rates for imported rice and also further modified the tariffs for imported pork...

Counterfeits, cigarettes top smuggled items seized in Q1

Counterfeit goods, general merchandise, and cigarettes/tobacco were the top smuggled goods in terms of value seized by the Bureau of Customs (BOC) in...

Chelsea Logistics curbs net loss by 37% in first quarter

Chelsea Logistics reported a net loss of P218 million in the first quarter of 2021, a 37% decline from the P345 million net...

Barcelon named PHILEXPORT chairman

George Barcelon appointed chairman of the Philippine Exporters Confederation, Inc.’s (PHILEXPORT) Board of Trustees this year, replacing Paterno Dizon, who resigned due to...

TransPac container premium surcharges accelerate amid space shortage

Premium service surcharges have brought all-in rates above US$10,000 per FEU for prompt shipments from North Asia to the US East Coast Spot...