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BOC issues rules on lodgement of consumption goods declaration
Aug. 17 | Image by rawpixel from Pixabay The Bureau of Customs (BOC) has unveiled uniform guidelines for the lodging and processing of consumption goods declaration at all ports. Customs Memorandum Order (CMO) 39-2019, signed August 7 and effective immediately,...
Lorenzo Shipping widens net loss to P173M
Aug. 17 | Lorenzo Shipping Corp owns and operates five vessels deployed to key ports in Manila, Visayas and Mindanao. Photo from Lorenzo Shipping Facebook page. Lorenzo Shipping Corporation (LSC) reported a wider net loss of P173.516 million in the first half of...
Harbor Star reports modest increase in first-semester income
Aug. 17 | Harbor Star Shipping Services assists more than 5,500 vessels per year throughout the Philippines. Photo from harborstar.com.ph Harbor Star Shipping Services, Inc. (HSSSI) reported a service income of P678.3 million for the first half of 2019, a 4% increase...
AyalaLand Logistics income up 394% in first semester
Aug. 17 | A standard facilities building in Biñan City, Laguna launched in 2018 by Laguna Technopark Inc. (LTI), a partnership between Prime Orion Philippines, Inc. and Mitsubishi Corp. Prime Orion in 2019 has been renamed AyalaLand Logistics Holdings Corp. Photo...
DOTr, BCDA turn over operations of Clark airport to LIPAD
Aug. 17 | CLARK, PAMPANGA – The operation and maintenance of Clark International Airport (CRK) was formally turned over to Luzon International Premiere Airport Development (LIPAD) Corp on August 16, 2019. Department of Transportation (DOTr) Secretary Arthur Tugade...
Cebu Pacific’s first dedicated freighter starts service on Sept 4
Aug. 16 | At the inauguration of Cebu Pacific’s first dedicated freighter, from left: Civil Aviation Authority of the Philippines (CAAP) Director General Capt. Jim Sydiongco; CAAP Deputy Director General for Operations Capt. Don Mendoza; Civil Aeronautics Board...
CAB lowers airline fuel surcharge rate for Sep-Oct
Aug. 16 | Image by skeeze from Pixabay The drop in jet fuel prices has prompted the Civil Aeronautics Board (CAB) to reduce the passenger fuel surcharge airlines operating in the Philippines may collect from September to October 2019. In an August 15 advisory,...
Chelsea Logistics H1 income shrinks 14.7%
Aug. 16 | Image by OpenClipart-Vectors from Pixabay Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC) posted a 14.7% decline in net income for the first half of 2019 to P361 million from P308 million year-on-year owing to higher finance costs and depreciation...
Subic-Clark cargo railway to start construction before mid-2020
Aug. 16 | Image by Michael Gaida from Pixabay The Department of Transportation (DOTr) hopes to begin the construction of the Subic-Clark Railway within the first half of 2020. “We want to start construction of the Subic-Clark railway by the first quarter at the...
