Latest news on economy impacting shipping and logistics
Higher storage charges after free period take effect Jan 6
A 32% hike in storage charges for foreign containerized cargoes after the…
January 2, 2024
4 minute read
PH manufacturing posts weakest growth in 3 months
The Philippine manufacturing sector in December posted its weakest growth in three…
January 2, 2024
2 minute read
BIR imposes 1% withholding tax on online sellers
The Bureau of Internal Revenue is imposing a 1% withholding tax on…
January 1, 2024
2 minute read
Shipping lines resume vessel transit through Red Sea
Maersk and CMA CGM are resuming vessel transit through the Red Sea…
December 29, 2023
3 minute read
500K MT imported rice expected amid El Niño threat
Almost 500,000 metric tons of imported rice will arrive in the Philippines…
December 28, 2023
3 minute read
MSC’s first service to Davao port starts
Mediterranean Shipping Co.’s first-ever service to Davao port recently called at Panabo,…
December 28, 2023
2 minute read
PEZA’s digital marketplace for Q1 2024 launch
The Philippine Economic Zone Authority eyes a first quarter 2024 launch for…
December 27, 2023
2 minute read
Reduced tariff on rice, corn, meat extended until 2024
President Marcos extended the reduced tariff on rice, corn and meat until…
December 26, 2023
2 minute read
Imported equipment donations of RBEs exempt from donor’s tax
BIR Revenue Regulations No. 15-2023 implements the grant of donor’s tax exemption…
December 22, 2023
2 minute read
PEZA targets 15% “conservative” hike in investments for 2024
The Philippine Economic Zone Authority eyes a 15% year-on-year increase in approved…
December 22, 2023
3 minute read
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