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Economy

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Latest news on economy impacting shipping and logistics

Laguna, Iloilo City, CDO downgraded to MECQ Aug 16-31

Quarantine restrictions in Laguna, Iloilo City, and Cagayan de Oro City will…
  • August 13, 2021
  • 2 minute read

BOC issues rules on tax payment certificate processing under CARS program

The Bureau of Customs has issued guidelines for the processing of tax…
  • August 11, 2021
  • 3 minute read

DTI scraps safeguard duty for auto imports

The Department of Trade and Industry has junked imposition of the safeguard…
  • August 11, 2021
  • 2 minute read

PH ends recession with 11.8% growth in Q2

The Philippine economy posted an 11.8% growth in the second quarter of…
  • August 10, 2021
  • 3 minute read

No short-term easing of freight rate levels in sight

This huge rate spike comes considering that the FBX level was already…
  • August 9, 2021
  • 3 minute read

Asia-US freight rates hit fresh highs in July: Freightos

Ocean rates are still very elevated and transit times volatile due to…
  • August 9, 2021
  • 2 minute read

PH manufacturing sustains triple-digit growth in June

The Philippine manufacturing sector recorded its third consecutive month of triple-digit increases…
  • August 6, 2021
  • 2 minute read

PH imports, exports book double-digit growth in June

Total Philippine merchandise trade grew 26.8% in June 2021, its fifth consecutive…
  • August 6, 2021
  • 3 minute read

SBMA port revenue up 17% due to higher container cargo

The Subic Bay Metropolitan Authority posted improvements in most of its key…
  • August 5, 2021
  • 3 minute read

Shipping losses at historic lows, Asia remains global loss hotspot

There were 49 large ships lost worldwide last year, down 50% over…
  • August 4, 2021
  • 3 minute read