NGO calls for tougher food label rules, more import inspection bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
PPA sets fees for handling foreign empties at Manila, Batangas ports
The Philippine Ports Authority (PPA) has prescribed fees for the handling of foreign empty containers at the Manila South Harbor, Manila International Container Terminal (MICT), and Batangas port.
Under PPA Administrative Order (AO) 12-2020 dated December 15, the fees for handling foreign empty containers (both import and export) at the three terminals are as follows:
• 20-footer – P1,400
• 45-footer – P3,150
AO 12-2020 is in keeping with AO 11-2020 dated December 15 and provides guidelines for the handling of foreign empty containers at the three ports. Both AOs take effect 15 calendar days following publication in a newspaper of general circulation and submission of copies to the University of the Philippines Law Center.
Port operators can now recover empty container handling costs bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.
LISTED port operator International Container Terminal Services, Inc. (ICTSI) announced on Monday that it had successfully raised P4.7 billion from the sale of its 40 million treasury shares.
In an e-mailed statement, ICTSI said the offering was “oversubscribed” by “high-quality” foreign and local investors.
The company sold 40 million treasury shares at P117 per share representing a 3.9% discount to the closing share price on Nov. 25, ICTSI said.
The offering was the company’s first equity follow-on offering since 2013, according to ICTSI, adding that proceeds would be used to fund “general corporate purposes, including committed capital expenditures and acquisitions.”