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                    [ArticleID] => 384471
                    [Title] => Freight forwarders told to hike minimum capital
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The Department of Trade and Industry’s Philippine Shippers Bureau (DTI-PSB) has ordered freight forwarding companies to comply with a new directive increasing eight-fold the minimum paid-up capital of non-vessel common carriers.


"This policy aims to level the playing field in the forwarding industry by preventing the entry of incompetent firms. It would also guide our shippers and exporters in finding a credible and reliable forwarder for their operations," PSB director Pedro Vicente C. Mendoza said in a statement.


                    [DatePublished] => 2007-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
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                    [ArticleID] => 324934
                    [Title] => DTI stands pat on higher capital for freight forwarders
                    [Summary] => The Department of Trade and Industry (DTI) is standing pat on the implementation of an administrative order that increases the minimum paid-up capitalization requirements for freight forwarding companies.


In a recent dialogue with the Alliance of Concerned Freight Forwarders Inc. (ACFFO), Trade Undersecretary Zenaida Maglaya said that the new rule has undergone due process and suspending its implementation would be difficult.


Maglaya explained that the new rules would ensure that only competent freight forwarders can engage in the business.


                    [DatePublished] => 2006-03-08 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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PEDRO VICENTE C

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                    [ArticleID] => 384471
                    [Title] => Freight forwarders told to hike minimum capital
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The Department of Trade and Industry’s Philippine Shippers Bureau (DTI-PSB) has ordered freight forwarding companies to comply with a new directive increasing eight-fold the minimum paid-up capital of non-vessel common carriers.


"This policy aims to level the playing field in the forwarding industry by preventing the entry of incompetent firms. It would also guide our shippers and exporters in finding a credible and reliable forwarder for their operations," PSB director Pedro Vicente C. Mendoza said in a statement.


                    [DatePublished] => 2007-02-11 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
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                    [ArticleID] => 324934
                    [Title] => DTI stands pat on higher capital for freight forwarders
                    [Summary] => The Department of Trade and Industry (DTI) is standing pat on the implementation of an administrative order that increases the minimum paid-up capitalization requirements for freight forwarding companies.


In a recent dialogue with the Alliance of Concerned Freight Forwarders Inc. (ACFFO), Trade Undersecretary Zenaida Maglaya said that the new rule has undergone due process and suspending its implementation would be difficult.


Maglaya explained that the new rules would ensure that only competent freight forwarders can engage in the business.


                    [DatePublished] => 2006-03-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

Freight forwarders told to hike minimum capital

By Ma. Elisa Osorio  | February 11, 2007 - 12:00am

The Department of Trade and Industry’s Philippine Shippers Bureau (DTI-PSB) has ordered freight forwarding companies to comply with a new directive...

Business

DTI stands pat on higher capital for freight forwarders

By Marianne V. Go | March 8, 2006 - 12:00am

The Department of Trade and Industry (DTI) is standing pat on the implementation of an administrative order that increases the minimum paid-up capitalization requirements for freight forwarding companies. In a recent...

Business