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Economy

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Latest news on economy impacting shipping and logistics

US sanctions Russian oligarchs, warns Putin on missile attacks

New sanctions freezes assets of eight members of Russian elite and their…
  • March 4, 2022
  • 2 minute read

Duterte signs amended Foreign Investors Act

President Rodrigo Duterte signed on March 2 a law that aims to…
  • March 4, 2022
  • 2 minute read

Malaysia bars Russian tanker from docking: reports

Unconfirmed news reports say Malaysia won’t allow Russian tanker Linda to dock…
  • March 4, 2022
  • 1 minute read
for sanctions report

Asian countries hit Russia with sanctions as ASEAN reacts cautiously

Japan, Singapore and Korea respond to invasion with financial sanctions and export…
  • March 4, 2022
  • 3 minute read

Duterte appoints Artes, San Juan to top MMDA posts

Romando Artes has been appointed chairman of Metropolitan Manila Development Authority while…
  • March 4, 2022
  • 2 minute read

Maersk suspends cargo bookings for St. Petersburg, 2 other Russian ports

All bookings for St. Petersburg, Kaliningrad and Novorossiysk are suspended as Maersk’s…
  • March 4, 2022
  • 3 minute read

Teleport tops list of 2021 domestic air freight forwarders

Teleport Commerce Philippines, the logistics venture of Capital A (formerly AirAsia Group),…
  • March 4, 2022
  • 2 minute read

PH domestic air freight forwarders see volume soar 62% in 2021

More flight resumptions in 2021 drove up by 62% year-on-year cargo volume…
  • March 4, 2022
  • 2 minute read

Russia-Ukraine war, high fuel prices to drive up PH cargo transport rates

Shipment delays and higher ship insurance premiums due to the Russia-Ukraine war…
  • March 3, 2022
  • 6 minute read
inaugural run

China-HK cargo train delivers anti-COVID supplies on inaugural trip

First train arived on Wednesday (March 2) with about 50 tons of…
  • March 2, 2022
  • 2 minute read