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10th November 20218th August 2022

BOC clarified errors not fined under CAO 1-2020

The Bureau of Customs (BOC) allowed adjustments on minor errors, misdeclaration, or misclassification in the Export Declaration (ED) form without having to pay the fines. A fee amounting to Php 5,000 per clerical error and 250% surcharge per misdeclaration or misclassification is still imposed if discrepancies in the ED are fraudulent. BOC identified certain conditions that may not equate to an error provided that documentary evidence is present. Also, considering that the incorrect input of data in the ED is beyond the exporter’s control, as follows:

10th November 20218th August 2022

PPA defers upward cargo and passenger tariff adjustment

There will be no increase in cargo handling rates and passenger terminal fees for the time being after the Philippine Ports Authority (PPA) deferred the discussions on the upward adjustment proposals of Manila Port Harbor, Inc. (MNHPI) and Asian Terminals, Inc. – Batangas (ATIBI). This is to give way to further study to be conducted by PPA’s Committee.

11th October 20218th August 2022

EDC and Industry Leaders support full investment liberalization outside of the natural monopolies

The Export Development Council (EDC) manifests its support on the full investment liberalization outside of the natural monopolies through a joint statement of support with the Industry Leaders, namely the Philippine Chamber of Commerce and Industry (PCCI), Philippine Exporters Confederation, Inc. (PHILEXPORT), Employers Confederation of the Philippines (ECOP), and Supply Chain Management Association of the Philippines (SCMAP).

11th October 20218th August 2022

Mindanao-based Reefer Line offers US shipping services at lower cost

There is a silver lining on the issue of lack of vessel space and containers, as another Philippine shipping company based in Mindanao, the Reefer Express Line Filipinas, Inc. takes on long haul US route with its vessel MV Cool Spirit to help the exporters ship their goods amid the current global transport and logistics problem. The voyage started from General Santos City last 02 September 2021.

11th October 20218th August 2022

PHILEXPORT P30: A Program for Resilient Philippine Exporters

The Philippine Exporters Confederation, Inc. (PHILEXPORT) is launching a digitalization program to ensure business sustainability and resiliency amid the pandemic’s economic consequences.

Executive Vice President Senen Perlada introduced the PHILEXPORT: 30 and Future Ready, or simply P30, at the organization’s third general membership meeting on September 14, 2021. P30 would also be the theme of the PHILEXPORT’s 30th anniversary in October 2022.

The program has a two-pronged approach: aiming to leverage technology to enhance business decision-making; and fostering stakeholders’ collaboration. Increasing productivity and business continuity while saving resources and continuously moving forward.

6th September 20218th August 2022

Royal Cargo commences maiden voyage to LA by mid-September

The Royal Cargo, Inc. (RCI) will commence its maiden voyage to Los Angeles by mid-September this year. Its launch will be made through one of the vessels of Iris Logistics Inc. (Iris Paoay), a Philippine shipping company 80% owned by RCI. Iris Paoay is a general container cargo vessel with 1100 TEUs capacity.
The maiden voyage will be a direct, non-stop service between the Philippines (MNL-CEB-DVO) and the US (LA).

6th September 20218th August 2022

DOF-BOC-ARTA headways onboarding activities of the 18 priority agencies in TradeNet

The Department of Finance (DOF), Bureau of Customs (BOC), together with the Anti-red Tape Authority (ARTA) headways the onboarding activities of the eighteen (18) trade regulatory priority agencies in TradeNet; Six (6) of which were recently onboarded which include BAFS, SRA, FPA, EMB, NMIS and OMB. These agencies are still finalizing their module manuals, operational guidelines, and helpdesk in preparation for their live implementation. The TradeNet Steering Committee also pledged to include another twelve (12) agencies to onboard by September 2021.

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6th September 20218th August 2022

BOC prepares PH Live Exchange of the ASEAN Customs Declaration Document via TradeNet

The Bureau of Customs (BOC) prepares the PH live exchange of the ASEAN Customs Declaration Document (ACDD) by December 2021, via the TradeNet. The completion of the ACDD system’s bidding process received concurrence from the United States Agency for International Development’s (USAID) on 05 August 2021. BOC is now crafting a national master data plan with the USAID ASEAN Policy Implementation (API) Project Team for Interoperability.

6th September 20216th September 2021

DTI partners with Unionbank in fostering financial resilience for MSMEs

The Department of Trade and Industry (DTI) partners with the Union Bank of the Philippines (UnionBank) in fostering financial resilience for MSMEs. UnionBank presented during a webinar their initiatives on assisting the micro, small, and medium enterprises (MSMEs) amidst the digital shift, focusing on their products, namely the MSME Business Banking App, UPay, and SeekCap, all geared towards financial resilience.

9th August 20218th August 2022

EDC lauds DOF and BIR deferment of 12% VAT on indirect exports

EDC lauds the Department of Finance (DOF) and Bureau of Internal Revenue (BIR) on deferring the implementation of Revenue Regulation (RR) no. 9-2021, which levies 12% VAT on indirect exports pending issuance of an amendatory regulation. BIR will provide the transition process for those who already paid the 12% VAT while the RR was in effect from June 27 to July 21, 2021.