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PAL, ANA deal seen to conclude before mid-March
Feb. 9 | ANA Holdings, Inc.’s (ANA HD) acquisition of 9.5% shares of PAL Holdings, Inc. is expected to be closed within February 28 to March 15. ANA HD, the parent of All Nippon Airways (ANA), Japan’s largest airline and a 5-star carrier for six consecutive...
PH production value, volume contract in Dec
Feb. 9 | Philippine manufacturing output declined in both volume and value in December 2018, its first decrease after 11 months of increase. The Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority (PSA) reported that...
ATI plans to open off-dock yards, empty container depots
Feb. 8 | Manila South Harbor, the flagship terminal of Asian Terminals Inc. Photo courtesy of ATI. Asian Terminals Inc. (ATI) will have additional capacity for empty containers by mid-year, helping to address current difficulties in logistics faced by stakeholders....
BOC Jan revenue collection 5.5% more than target
Feb. 4 | The Bureau of Customs (BOC) surpassed its revenue collection target in January 2019, posting a total of P48.153 billion, 5.5% higher than the P45.626 billion goal. Based on a preliminary report of the Bureau of Treasury, revenues generated by the BOC...
BOC-MICP seizes misdeclared Bentley, truck worth P12.1M
Feb. 4 | Manila International Container Port district collector Atty Erastus Sandino Austria (left) and Customs Commissioner Rey Leonardo Guerrero (right) inspect the misdeclared Bentley GT. Along with a Hino truck, the Bentley was misdclared as used forklift,...
Fake merchandise worth P850M seized in Binondo, Sucat warehouses
Feb. 4 | Customs Commissioner Rey Leonardo Guerrero (left) inspecting counterfeit merchandise found in various Metro Manila warehouses. Photo courtesy of the Bureau of Customs. The Bureau of Customs (BOC) recently seized various fake goods worth an estimated P850...
After rice liberalization, is sugar up next?
Feb. 2 | Image courtesy of Sailom at FreeDigitalPhotos.net Once the Rice Tariffication Bill is signed into law, the government is looking to open up the sugar sector next, according to the National Economic and Development Authority (NEDA). “The sugar liberalization...
Cebu Pacific expects delivery of 12 new jets in 2019
Feb. 2 | From L-R: Manuel Antonio Tamayo, Department of Transportation Undersecretary for Aviation; Lance Gokongwei, President and CEO of Cebu Pacific; Jean Francois Laval, Airbus Executive Vice President for Sales in Asia; His Excellency Nicholas Galey of the...
BOC, PDEA strengthen cooperation vs illegal drugs
Feb. 2 | The MOA was signed by Customs Commissioner Rey Leonardo Guerrero (right) and Philippine Drug Enforcement Agency director general Aaron Aquino. Photo courtesy of the Bureau of Customs. The Bureau of Customs (BOC) and the Philippine Drug Enforcement Agency...
