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Press Releases
After 44 years, Marina gets own central office building
Dec. 16 | The 12,000-square meter, 12-story building was constructed at a cost of P382 million. Construction took three years to complete. Photo courtesy of the Maritime Industry Authority. For the first time since its founding in June 1974, the Maritime Industry...
PCC probes deeper into ICTSI purchase of North Harbor shares
Dec. 16 | The Philippine Competition Commission (PCC) entered the second phase of its review of the proposed acquisition by International Container Terminal Services, Inc. (ICTSI) of 50% shares in Manila North Harbour Port, Inc. (MNHPI). In a statement, PCC said...
Lazada’s last-mile delivery fleet ships 1M parcels during shopping festivals
Dec. 16 | Southeast Asian e-commerce firm Lazada said it drew a record-breaking 1.3 billion visits to its platforms during its 11.11 (November 11) and 12.12 (December 12) shopping festivals. Lazada, in a statement, said that after crushing the region’s 11.11...
Tacloban port tops P1B in revenue collection, 213% over 2018 target
Dec. 16 | As of November 29, 2018, the Bureau of Customs-Tacloban collected P1.006 billion, 213% more than the target of P321 million. Photo from the Bureau of Customs Tacloban Facebook page. As of end-November the Bureau of Customs (BOC) district port of Tacloban...
SBITC equipped to handle volume jump in holiday shipments
Dec. 13 | Subic Bay International Terminal Corp (SBITC), which operates New Container Terminals 1 and 2 at the Subic Bay Freeport Zone, said cargo volumes handled have been growing continuously for 13 straight months since 2017. Photo courtesy of SBITC. Subic Bay...
PH trade surges 14% in Oct on robust imports, export recovery
Dec. 13 | Philippine merchandise trade reached US$16.43 billion in October 2018, an increase of 14% from $14.41 billion in the same month last year, propelled by strong imports as well as improved export performance, according to data from the Philippine Statistics...
Fake tobacco suppliers shift to producing counterfeit brands in PH
Dec. 13 | Finance Secretary Carlos Dominguez III has directed the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) to work with their counterparts in China to stop the illicit entry in the Philippines of cigarette-making machines used to manufacture...
Cebu Pacific launches Cebu-Macau direct run
Dec. 13 | Low-cost Philippine carrier Cebu Pacific has launched a new route linking Cebu and Macau, providing another access point to China’s Pearl River Delta. The direct flights between Cebu and Macau started last December 7, with a weekly frequency of Mondays,...
90% of Alae Bypass Road connecting Misamis Oriental and Bukidnon complete
Dec. 13 | When completed, the Alae Bypass Road will divert traffic along the busy Sayre Highway, Puerto-Alae Section, and serve as an alternate road going to Mindanao Container Terminal in Tagoloan, where cargo trucks coming from Bukidnon will be catered to directly. The...
