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Cebu Pacific joins IATA

Cebu Pacific joins IATA

Dec. 20 | Low-cost Philippine carrier Cebu Pacific has joined the International Air Transportation Association (IATA), the trade association for the global airline industry. Cebu Pacific is now IATA’s largest member among Philippine carriers, comprising 44% of...

Lucio Tan’s grandson takes key posts in family enterprises

Lucio Tan’s grandson takes key posts in family enterprises

Dec. 20 | Image from Pixabay. Lucio “Hun hun” C. Tan III, grandson of tycoon Dr. Lucio C. Tan, Sr., has been elected as director of PAL Holdings, Inc. (PHI) and its subsidiaries, Philippine Airlines, Inc. (PAL) and Air Philippines Corp. (APC). Tan III, 27,...

BOC: Foreign donations subject to customs duties

BOC: Foreign donations subject to customs duties

Dec. 20 | Image from Pixabay. The Bureau of Customs (BOC) clarified that international donations are still subject to payment of customs duties and taxes and required to undergo the normal procedures for processing of imports. BOC, in a statement, advised the public...

BOC mulls NVVS suspension after House recommendation

BOC mulls NVVS suspension after House recommendation

Dec. 10 | Image from Pixabay. The Bureau of Customs (BOC) is reviewing its National Value Verification System (NVVS) and mulling its suspension as requested by the House of Representatives (HOR) Committee on Ways and Means. “We are seriously looking into the...

PH Oct trade weakens further as imports enter seventh month of decline

PH Oct trade weakens further as imports enter seventh month of decline

Dec. 10 | Image from Pixabay. Philippine merchandise trade registered its seventh consecutive month of decline in October 2019 as imports continued its decline during the period, data from the Philippine Statistics Authority (PSA) showed. PSA said total merchandise...

JG Summit enters logistics biz with P60M JV deal with DHL

JG Summit enters logistics biz with P60M JV deal with DHL

Dec. 10 | Image from Pixabay. Conglomerate JG Summit Holdings, Inc. (JGSHI), global logistics company Deutsche Post Beteiligungen Holding GMBH (DHL), and ACCRAIN Holdings Corporation have signed a joint venture agreement (JVA) to invest P60 million in the creation...

Metro Pacific proposes P16B extension of NLEX Harbor Link

Metro Pacific proposes P16B extension of NLEX Harbor Link

Dec. 10 | Image from Pixabay. Tollroad firm Metro Pacific Tollways Corporation (MPTC) is proposing to improve the north’s access to Manila ports by extending the Harbor Link section of the North Luzon Expressway (NLEX) to Anda Circle in the port area. The MPTC...

ICTSI’s Puerto Aguadulce services largest box ship to call in Colombia

ICTSI’s Puerto Aguadulce services largest box ship to call in Colombia

Dec. 10 | The 14,436-TEU MSC Faith at the Port of Buenaventura in Colombia Port operator Sociedad Puerto Industrial de Aguadulce (SPIA) has set a new operational milestone at the Port of Buenaventura in Colombia after servicing the 14,436-TEU (twenty-foot equivalent...

P1.6M worth of high-grade marijuana seized by BOC-NAIA

P1.6M worth of high-grade marijuana seized by BOC-NAIA

Dec. 10 | The Bureau of Customs (BOC) has seized a parcel allegedly containing high-grade marijuana, also known as Kush weeds, weighing 1.05 kilograms and with an estimated street value of P1.6 million, at the Central Mail Exchange Center (CMEC) in Pasay City. The...

Multisectoral body to help elevate BOC services, standards

Multisectoral body to help elevate BOC services, standards

Dec. 10 | The Bureau of Customs (BOC) has convened a multisectoral council that will provide expert advice on how the agency can achieve its goal of becoming a customs administration of global standards. The Multi-sectoral Governing Council (MSGC) will also assist...