Tag: BOC

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Customs fast-tracks digital shift in air cargo

Travel & Tourism Context.ph Context.ph -
The Bureau of Customs (BOC) is ramping up the rollout of the Electronic Airway Bill (e-AWB) under Commissioner Ariel F. Nepomuceno, signaling a more aggressive push to digitize export processing and modernize the country’s trade infrastructure.

BOC fast-tracks digital customs overhaul by 2027

Trade & Investments Context.ph Context.ph -
The Bureau of Customs (BOC) is ramping up its digital transformation drive, expanding its Super Green Lane program and targeting the full modernization of its Electronic-to-Mobile (E2M) system by 2027 to boost trade efficiency and tighten border security.

E-TRACC exemption cuts costs, speeds export shipments

Trade & Investments Context.ph Context.ph -
The Philippine Economic Zone Authority (PEZA) welcomed a recent policy shift by the Bureau of Customs (BOC) exempting qualified exporters from the Electronic Tracking of Containerized Cargo (E-TRACC) system, saying the move will reduce costs and streamline cargo flows.

BOC order seen to accelerate APECO investments

Trade & Investments Context.ph Context.ph -
Investment activity at the Aurora Pacific Economic Zone and Freeport Authority (APECO) is expected to gain momentum following a new order from the Bureau of Customs formally recognizing the ecozone as both an importing and exporting freeport, as well as an accrediting agency for the Customs Client Profile Registration System (CPRS).

BOC extends importer accreditation, cuts fees to boost trade

Trade & Investments Context.ph Context.ph -
The Bureau of Customs (BOC) has extended importer accreditation validity from one year to three years while reducing associated fees, a move designed to streamline procedures, cut red tape, and sustain the steady flow of goods into the country.
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Cool-down in August inflation offers brief respite, not policy pivot – analyst 

Banking & Insurance 0
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.

SEMPHIL expansion draws 30 Korean suppliers

Communications & Technology 0
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 takes EV safety campaign nationwide

Transport & Logistics 0
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.

Marcos signs expanded tertiary education law

Education, Health & Science 0
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.

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