The country's persistent port congestion stems less from empty containers than from thousands of overstaying laden boxes occupying valuable terminal space, according to the Association of International Shipping Lines (AISL), which is urging faster action from the Bureau of Customs (BOC).
The Philippine Chamber of Commerce and Industry (PCCI) has sounded the alarm over worsening cargo congestion at Ninoy Aquino International Airport (NAIA), warning that prolonged delays could undermine the competitiveness of the country’s largest export industry.
Philippine exporters are calling on the Bureau of Customs (BOC) to establish clear rules governing returned export shipments, warning that policy gaps are compounding losses from ongoing disruptions in Middle East and European trade routes.
Early coordination between the Bureau of Customs (BOC) and International Container Terminal Services, Inc. (ICTSI) is expected to significantly improve trade efficiency as the South Luzon Container Terminal (SLCT) moves closer to completion, signaling a more integrated approach to port development and customs operations in the Philippines.
The Bureau of Customs is stepping up enforcement against abandoned and aging perishable shipments, warning importers that and consignees to immediately settle duties, complete requirements, and withdraw cargo or face delinquency proceedings.
Samsung Electro-Mechanics Philippines Corp.’s (SEMPHIL) P50.7-billion expansion is starting to draw interest from its Korean supply chain, with about 30 Tier 1 suppliers of parent Samsung Electro-Mechanics Co. Ltd. (SEMCO) expected to come to the Philippines in October to assess potential local investments.
ACMobility has launched a nationwide electric vehicle safety education program covering EV technology, charging, ownership, and vehicle safety as electric vehicles become more common in the Philippine market.
President Ferdinand Marcos Jr. on Friday signed amendments to the Universal Access to Quality Tertiary Education Act, expanding government assistance beyond free tuition to help poor and disadvantaged students stay in college or technical-vocational training and build a larger skilled workforce.
The Philippine Chamber of Commerce and Industry (PCCI) is backing the electronics industry’s push to raise exports to USD110 billion by 2030, but said achieving the target will depend on how quickly the government and industry can turn the new roadmap into investments, skills, and higher-value semiconductor capabilities.