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Economy

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Latest news on economy impacting shipping and logistics

Hapag profit soars 1,000% to US$10.8B on Asian goods-driven rate surge

Net profit leaps from US$1.07 billion in 2020 on “very strong’ demand…
  • March 13, 2022
  • 3 minute read

US, allies add pressure on Putin by revoking Russia’s MFN status

Biden leads allies in stripping Russia of its most favored nation trading…
  • March 12, 2022
  • 3 minute read

PH Jan trade grows 20.1% on imports surge

January’s 20.1% year-on-year Philippine merchandise trade growth marks 12th straight month of…
  • March 11, 2022
  • 2 minute read

Air cargo growth eases in January as supply chain troubles hit demand

Global demand, in cargo ton-km, grew 2.7% year on year (3.2% for…
  • March 10, 2022
  • 3 minute read

BIR: IT-BPOs must pay income tax for unapproved WFH

New Bureau of Internal Revenue rules say registered IT- business process management…
  • March 10, 2022
  • 3 minute read

Biden imposes total ban on imports of Russian oil and energy

Ban covers all US imports of Russian oil, liquefied natural gas and…
  • March 9, 2022
  • 3 minute read

FIRB rejects WFH extension for IT-BPM sector

Fiscal Incentives Review Board says its resolution on work-from-home arrangement for IT-BPM…
  • March 9, 2022
  • 2 minute read

Cerberus acquires Hanjin’s Subic shipyard for $300M

US investor Cerberus Capital Management and Agila NY Naval Inc./Agila South are…
  • March 9, 2022
  • 2 minute read

PH Jan manufacturing growth slows but still up double digit

Philippine manufacturing growth eased in January but still in double digit The…
  • March 9, 2022
  • 2 minute read

Asia Pacific grip on €441B global e-commerce logistics market slipping

Asia Pacific, North America and Europe account for more than 95% of…
  • March 8, 2022
  • 3 minute read