LNG import projects seen facing low utilization if gas prices stay high

THE Philippine strategy of importing gas for its energy needs is at risk from high liquefied natural gas (LNG) prices, which could result in low utilization for the LNG import terminals being constructed, an energy analyst said. “Investors in planned LNG import infrastructure run the risk of low utilization rates and ultimately possible stranded assets, […]

Import permits suspended for galunggong, mackerel

THE Department of Agriculture (DA) said it has suspended the issuance of sanitary and phytosanitary import clearances for round scad (galunggong), mackerel, and various other species, effective immediately. According to a department circular dated Dec. 13, the suspension also applies to the issuance of import documents for bonito, moonfish, pompano, and tuna by-products. The DA […]

PLS seals exclusive distributorship with China’s COFCO

KUALA LUMPUR, Nov 15, 2022 – (ACN Newswire via SEAPRWire.com) – PLS Plantations Berhad trading and export subsidiary, Dulai Fruits Enterprise Sdn Bhd cemented their export and exclusive distribution agreement with COFCO Food Import Co. Ltd, the import and distribution subsidiary of China Oil and Foodstuffs Corporation (COFCO) in Shanghai. Back (L-R): Ms Zhengfeng, Mr. […]

PEZA flags ‘more restrictive’ import tax rules under CREATE

THE Philippine Economic Zone Authority (PEZA) raised possible problems its locators might encounter with new import tax rules after the implementation of a new law that cuts corporate income taxes and rationalizes incentives. The investment promotion agency foresees “certain issues” once the law is implemented, noting that it expects rules on the duty-free import of […]

Poultry farmers, meat industry clash on easing of import bans

MEAT IMPORTERS’ proposals to ease the bans on poultry imports from countries reporting bird flu outbreaks could endanger domestic poultry farms because of the absence of border inspection facilities to detect contaminated meat, the poultry industry said. Gregorio A. San Diego, Jr., chairman of the United Broiler Raisers Association, said in a mobile phone message […]