Newly elected Philippine President Benigno Aquino III has appointed businessman Angelito Alvarez as the new chief of the Bureau of Customs (BOC). Alvarez is the president and chief operating officer of Airfreight 2100 Inc., the local licensee of US-based logistics services company Federal Express Corp. Aquino earlier said that the government will have to improve tax collection and curb smuggling and corruption to boost the country's revenues and plug the widening deficit. For the months of … [Read more...] about Philippine president appoints new Customs head
Logistics
TNT further invests in Asia Road Network
TNT announced recently that it will make a further €4.5 million investment in its Asia Road Network (ARN), which currently serves six countries and 127 cities in Southeast Asia and southern China. This brings the total investment to date in the fully integrated ARN to more than €12.5 million. Most of the new investment will be to acquire a fleet of trucks specially designed to suit pan-Asian routes. The 41-foot trucks and trailers are larger and more environmentally friendly than … [Read more...] about TNT further invests in Asia Road Network
TNT boosts China/Europe capacity
TNT is increasing its air freight capacity between China and Europe to meet growing demand, especially from the high-tech and fashion industries, with an additional B747-400ERF aircraft between China and its European air hub in Liege, Belgium. TNT will increase its service frequency to six flights per week from Shanghai and five flights per week from Hong Kong. Chinese exports to Europe rose almost 50 per cent during the five first months of 2010 from a year before, according to the Chinese … [Read more...] about TNT boosts China/Europe capacity
China’s trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China’s trade surplus rises in June
China's trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China's trade surplus rises in June
WCO and TIACA agree to greater cooperation
The World Customs Organization (WCO) and The International Air Cargo Association (TIACA) have signed a Memorandum of Understanding to help identify how the air cargo industry can assist in priority Customs objectives and to discuss how these can be best achieved with minimum disruption to commercial operations. The new agreement — signed in Brussels by WCO secretary general, Kunio Mikuriya, and TIACA's secretary general, Daniel Fernandez — aims to keep customs and the air … [Read more...] about WCO and TIACA agree to greater cooperation
