Friday , December 6 2019
Breaking News
Home / International Customs / Philippines (page 3)

Philippines

Spider surprise: Philippines seizes 750 smuggled tarantulas

Philippine authorities said Wednesday they cracked open a gift-wrapped package shipped from Poland to discover 757 tarantulas crammed into plastic containers. The illicit payload found at a mail facility near Manila’s airport was the latest seizure in a nation that is a major source and transit point of wildlife trafficking. Customs thought the package suspicious and after opening it found ... Read More »

World Bank cuts Philippines’ growth forecast amid budget delay, El Niño

MANILA, Philippines: The World Bank has downgraded its growth forecast for the Philippines to 6.4 percent for 2019 as the government operated on a reenacted budget in the first quarter and amid a looming prolonged dry spell due to El Niño. In a press conference Monday, World Bank senior economist Rong Qian said the updated 2019 forecast – lower than ... Read More »

PH, Hungary agri chiefs hold bilateral meeting

MANILA: Department of Agriculture (DA) Secretary Emmanuel “Manny” Piñol and Hungary’s Minister of Agriculture Dr. Istvan Nagy on Wednesday met to discuss emerging opportunities in the agriculture sector and how they can lead to stronger trade and investments ties. Piñol said issues discussed in the bilateral meeting were market access concerns and the proposed cooperation in the field of crops ... Read More »

PH, India seen weathering global crisis fastest

In case the global economy again experiences a downturn, the Philippines and India were tagged by UK-based Oxford Economics as two countries most likely to bounce back the fastest. “Most EMs (emerging markets) have reasonable prospects to secure a soft landing, even if external conditions deteriorate. Our soft-landing scorecard suggests India and the Philippines are the most secure, and Argentina ... Read More »

Disney closes $71B deal for Fox entertainment assets

Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Dr. Strange” under one corporate roof. The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this year. It will also likely lead ... Read More »

Over 1 500 turtles found inside luggage in Philippines

Philippine authorities have found more than 1 500 live exotic turtles stuffed inside luggage at Manila’s airport. Customs officials said in a statement Monday that the various types of turtles were found on Sunday inside four pieces of left-behind luggage of a Filipino passenger arriving at Ninoy Aquino International Airport on a Philippine Airlines flight from Hong Kong,. The 1 ... Read More »

Rice import applications reach 1.6 million metric tons

MANILA: As the Philippines opens its market to cheap imported rice, the number of applications to bring in the commodity under the out-quota scheme has reached 1.6 million metric tons, almost near the projected record-high imports for the country. Based on the updated list released by the National Food Authority, 278 firms have already applied for the out-quota importation of ... Read More »

Philippine Airlines sets systems upgrade on March 23 to 24

MANILA: Philippine Airlines said Monday select online and mobile services would be unavailable on March 23 to 24 to give way to a systems upgrade. The flag carrier said it would continue to operate scheduled flights but purchase of new flights, tour bookings, rebooking, rerouting and refunds will be temporarily unavailable during the said period. On March 22 to March ... Read More »

Over 1 500 turtles found inside luggage in Philippines

Philippine authorities have found more than 1 500 live exotic turtles stuffed inside luggage at Manila’s airport. Customs officials said in a statement Monday that the various types of turtles were found on Sunday inside four pieces of left-behind luggage of a Filipino passenger arriving at Ninoy Aquino International Airport on a Philippine Airlines flight from Hong Kong,. The 1 ... Read More »

Philippine Peso Surprises to Become Asia’s Best Currency

The Philippine peso has defied a yawning current-account deficit to emerge as Asia’s best-performing currency in February. And it may continue to surpass its peers. Peso bulls say record remittances, rising investment and a buoyant domestic economy will propel further gains in the currency. Easing inflation could also lend a hand, as higher real yields burnish the appeal of Philippine ... Read More »

9 reasons why the Philippines is ripe for business in 2019

MANILA, Philippines – The Philippine government’s economic managers missed their growth targets in 2018. This year, they are confident that they can do better. The country’s top economic experts are banking on legislative developments and several external conditions to spark growth and a better environment for doing business. Finance Secretary Carlos Dominguez III recently told the business community in Japan ... Read More »

Rogue banks face more painful sanctions under new charter

MANILA, Philippines: The higher fines and new set of penalties under the revised charter of the Bangko Sentral ng Pilipinas would deter rogue banks from committing violations, according to BSP Assistant Governor and general counsel Elmore Capule. Capule said the administrative sanctions on supervised entities under RA 11211 signed by President Duterte last Feb. 14 make it more painful and ... Read More »

Philippine Airlines welcomes 5th Airbus A350-900

MANILA: Philippine Airlines on Thursday said it has received its fifth Airbus A350-900 dubbed as the “Love Bus.” In a statement, the flag carrier said officials welcomed the aircraft at the Ninoy Aquino International Airport (NAIA) Terminal 2 on Wednesday. The “kissmark” logo on the brand new A350-900 commemorates the 40-year partnership of PAL and plane-maker Airbus, the airline said. ... Read More »

Customs shuts down Bulacan warehouse containing smuggled rice from China

MARILAO, Bulacan – Bureau of Customs personnel sealed off a warehouse in an industrial compound here on Friday dawn for concealing an undetermined amount of smuggled rice. Senior Supt. Chito Bersaluna, Bulacan police director, said the team led by Alvin Encino of the Customs Intelligence and Investigation Service, padlocked the Evergreen Warehouse inside the compound of Federal Corporation (Fedcor) shortly ... Read More »

Modernization of maritime units vs. drug smuggling begins

MANILA — The Philippine National Police (PNP) has started the modernization of its maritime units in a bid to enhance its capability to combat seaborne illegal drugs smuggling. PNP chief, Director General Oscar Albayalde said part of the modernization is to purchase more motorized patrol boats and recruitment and training of additional personnel for maritime operations. “We are modernizing our ... Read More »

Maritime exercise shows preparedness of agencies under Davao City Maritime Council

Several government agencies under the Davao City Maritime Council conducted a search and rescue exercise in Davao City to show the council’s ability in responding to maritime situations, the Philippine Coast Guard (PCG) said Friday. All available floating and air assets of the members of the Maritime Council were in full display during the anti-piracy, counter-narcotics and anti-terrorism exercise held ... Read More »

Higher tobacco tax could encourage illicit trade, smuggling

Raising the excise tax on tobacco products could encourage illicit trade such as smuggling and tax evasion among businesses in the country, an official of the Federation of Philippine Industries (FPI) said. During a Senate hearing on proposed measures to increase the excise tax on tobacco products, FPI chairman Jesus Arranza said that previous increases in tobacco excise tax have ... Read More »

P11M worth of smuggled cigarettes seized in Zamboanga port

ZAMBOANGA CITY: Authorities intercepted over the weekend some P11 million worth of smuggled cigarettes at the local port of this city. Rear Admiral Rene Medina, commander of Naval Forces Western Mindanao, said joint operatives on illegal drugs and anti-smuggling seized the imported tobacco products inside commercial vessel MV Kristel Jane on Saturday, February 9. The vessel came from Jolo, Sulu, ... Read More »

Import ban on fresh produce from ASF-hit countries stays

MANILA: Agriculture Secretary Emmanuel “Manny” Piñol on Wednesday reiterated that the import ban on fresh fruits, meat and its by-products, as well as plants from countries hit by African Swine Flu (ASF) is being strictly enforced by authorities. “Over the last few weeks, following the strict implementation of Quarantine Rules against the entry of fresh fruits, vegetables, plants, meat and ... Read More »

Most Asean markets fall, Philippines loses most

BENGALURU: Most Southeast Asian stocks fell on Monday in a lacklustre trading, with Philippines leading losses, as optimism about a trade deal between the United States and China waned. The Philippine benchmark index fell 0.6 percent ahead of the country’s inflation data, expected on Tuesday. Industrials and financials dragged the index with SM Investments Corp and BDO Unibank Inc dipping ... Read More »