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Economy

2239 posts

Latest news on economy impacting shipping and logistics

PH slashes 2021 growth forecast

The Development Budget Coordination Committee has lowered its growth forecast for the…
  • May 19, 2021
  • 3 minute read

Air cargo volumes draw closer to pre-Covid levels but rates still rising

Air cargo volumes increased by 53% in April 2021 year-on-year but were…
  • May 18, 2021
  • 2 minute read

Duterte cuts rice import duty, modifies pork tariffs

President Rodrigo Duterte has approved the temporary reduction of tariff rates for…
  • May 17, 2021
  • 3 minute read

Truck ban in Metro Manila returns starting May 17

The Metropolitan Manila Development Authority is reimposing the truck ban in Metro…
  • May 14, 2021
  • 1 minute read

House bill seeks P40B relief for domestic airlines

House Bill 9324 or the proposed Air Carriers Relief Act aims to…
  • May 14, 2021
  • 3 minute read

Reefer freight prices escalate but still no match to dry freight rates

Weighted average of reefer freight rates jumped 26% in the first quarter…
  • May 14, 2021
  • 2 minute read

NCR Plus under GCQ with “heightened restrictions” until end-May

NCR Plus (National Capital Region, Cavite, Laguna, Batangas and Rizal) is under…
  • May 13, 2021
  • 2 minute read

PEZA Q1 exports up 15.6%, investments leap 53.9%

Exports by Philippine Economic Zone Authority (PEZA) locators grew 15.63% in the…
  • May 12, 2021
  • 2 minute read

EO signed raising pork import MAV to 254,210 MT

President Rodrigo Duterte has signed Executive Order No. 133 increasing the MAV…
  • May 11, 2021
  • 3 minute read

PH stays in recession as GDP contracts 4.2% in Q1

The Philippine economy remained in recession in the first quarter of 2021…
  • May 11, 2021
  • 2 minute read