The Export Development Council, through the recommendation of its Networking Committee on Transport and Logistics, endorses the following policy reforms: (1) Proposed Further Amendments to Commonwealth Act No. 146 or the Public Service Act; (2) Proposed Legislative Measures separating the conflicting functions of the Civil Aviation Authority of the Philippines (CAAP); and (3) Repeal of Letter of Instructions 1005-A s. 1980 to remove the government share for all cargo-handling contractors and port-related service operators. Continue reading “EDC endorses transport and logistics policy reforms”
To improve connectivity and boost international trade, the ASEAN RoRo will be launched on 30 April 2017 in Davao City. The maiden voyage send-off ceremony will be led by President Duterte and Indonesian President Widodo.
The new RoRo route will sail to Davao-General Santos-Bitung, Indonesia (D-G-B), a more cost and time-efficient alternative to the usual Manila-Jakarta-Bitung route. It is expected to lessen the cost of shipping by almost US$1,500 per Twenty Foot Equivalent Unit (TEU). It will also shorten the shipping time from three-five weeks to only one day and a half of sailing plus port stay. Continue reading “ASEAN RoRo to boost Philippines- Indonesia trade”
President Rodrigo Duterte and Indonesian President Joko Widodo launched the maiden voyage of M/V Super Shuttle, which will conduct a weekly Ro-Ro ferry service for the Davao-General Santos- Bitung, Indonesia (D-G-B) route.
The M/V Super Shuttle RoRo 12, operated by the Asian Marine Transport Corporation, will provide a faster and cheaper route for trad-ing goods among the East ASEAN Growth Area (EAGA)’s key cities.
The Department of Trade and Industry’s Competitiveness Bureau, in partnership with the World Bank-International Finance Corporation (WB-IFC), the Board of Investments (BOI) and the Export Development Council (EDC) launched a Logistics Efficiency Indicators (LEI) Assessment Project.
The Philippine National Bank (PNB), one of the country’s largest private local commercial banks, launched the Small Enterprise Virtual Card for Small Enterprises last 06 March 2017. This new loan facility is fully operational starting 25 March 2017. It is PNB’s financing innovation to SMEs who are looking for additional capital for their business expansion.