Philippines Customs Orders Faster Shipment Release to Streamline Trade
The Bureau of Customs (BoC) in the Philippines has directed personnel to complete customs assessments within five days and expedite the release of legitimate shipments, aiming to streamline trade processes and prepare for potential port congestion.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- BIR: No Tax Records for Manases Carpio's Cale88 Share Transfer
The Bureau of Internal Revenue (BIR) stated on Thursday that Manases Carpio, husband of Vice President Sara Duterte, has no record of paying taxes on the transfer of his shares in Cale88 Food Corporation, potentially rendering the sale non-binding to third parties.
- Malaysia Eyes Larger Share of Philippine Palm Oil Market Beyond Traditional Uses
Malaysia is seeking to expand its market share in the Philippines by diversifying palm oil applications beyond traditional cooking oil and food processing. The Malaysian Palm Oil Council is focusing on oleochemicals, health products like tocotrienols, and industrial uses, promoting red palm oil as a natural food colorant.
- Philippine Stocks Tumble Amid Weak Peso and Rate Hike Fears
The Philippine stock market plunged to a nearly 11-month low, weighed down by concerns over monetary tightening by the US Federal Reserve and the Bangko Sentral ng Pilipinas, alongside a weakening peso. The benchmark PSEi closed 2.2% lower at 5,610.39.
- Philippines, US to Revive Rice Trade with 100,000 MT Deal
Philippine rice industry stakeholders have agreed to import US-grown rice starting in 2027, with an initial volume of 100,000 metric tons. This marks a revival of large-scale rice trade with the US, diversifying supply sources beyond traditional neighbors like Vietnam and Thailand.