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Higher fuel expenses drag Cebu Air 2017 income by 18.9%

Higher fuel expenses drag Cebu Air 2017 income by 18.9%

Mar. 29 | Cebu Pacific and its subsidiary Cebgo have reported a net income of P7.908 billion in 2017, or 18.9% lower than the P9.754 billion earned in 2016 despite recording higher revenues last year, the dip attributed higher fuel expenses and fleet expansion...

WTOI points to sustained trade growth in Q1

WTOI points to sustained trade growth in Q1

Feb. 16 | Trade recovery seen in 2017 should continue, with solid trade volume growth expected in the first quarter of 2018, says the latest World Trade Organization Indicator (WTOI), released on 12 February. The WTOI’s current value of 102.3 is little changed...

Taiwan subsidy for lower sulfur marine fuels insufficient—ship owners

Taiwan subsidy for lower sulfur marine fuels insufficient—ship owners

Feb. 10 | Ship owners have expressed concern over an increase in fuel costs for vessels calling at Taiwan’s ports from 2019—when the state moves to 0.5% sulfur fuel oil from 3.5%—noting that the subsidies to encourage the switch prior to the deadline are...

Essentials of Freight and Logistics Management Software

Essentials of Freight and Logistics Management Software

Jan. 8 | Freight or logistics management software comes in all sizes and forms and selecting the one suitable for your company is something that requires serious thought. There are generic ERP solutions available that offer a logistics module most likely to be...

Improved PH ports head Mindanao businesses’ wish list

Improved PH ports head Mindanao businesses’ wish list

Sep. 20 | Mindanao chambers of the Philippine Chamber of Commerce and Industry (PCCI) are urging the Department of Transportation (DOTr) and Philippine Ports Authority (PPA) to rehabilitate, expand, and upgrade Philippine ports to international standards so the...

Wanted: At least 150 employees for Bureau of Customs

Wanted: At least 150 employees for Bureau of Customs

Jul. 30 | The Philippine Bureau of Customs (BOC) is filling up an initial 150 vacant positions in line with its restructuring program. Customs Commissioner Nicanor Faeldon said the hires will help enforce the customs laws, rules, and regulations of the Customs...

Cebu Pacific adds evening flights to Caticlan airport

Cebu Pacific adds evening flights to Caticlan airport

Jun. 28 | Beginning July 1, low-cost carrier Cebu Pacific will be operating evening flights to and from Caticlan, the gateway to Boracay Island. Cebu Pacific will be the first carrier to mount night flights at the Godofredo P. Ramos Airport in Caticlan, making...

PH maritime body highlights 12 IMO instruments coming into force

PH maritime body highlights 12 IMO instruments coming into force

Mar. 15 | The Maritime Industry Authority (Marina) is reminding shipping operators, Philippine-registered ships engaged in overseas operations, and other stakeholders of 12 International Maritime Organization (IMO) amendments that are entering into force this year...

PPA’s 2016 profit exceeds target by 165%

PPA’s 2016 profit exceeds target by 165%

Mar. 2 | The Philippine Ports Authority (PPA) posted a P6.159-billion net profit for calendar year 2016, beating the target by 165% or P3.836 billion. PPA, in a statement, said this was achieved with strong figures coming from lay-up fees, roll-on/roll-off (RoRo)...
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