DOCSLIB.ORG

Better Life. Better Logistics. Better Shipping

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Better Life. Better Logistics. Better Shipping Better Shipping. Better Logistics. Better Life. 2016 ANNUAL REPORT | | 1 CHELSEA LOGISTICS CORP. 2016 ANNUAL REPORT BETTER SHIPPING. BETTER LOGISTICS. BETTER LIFE. 1 INSIDE THIS REPORT 03 About Us 04 Chelsea Logistics Corp. 05 Financial Highlights 06 Industry Highlights 07 Philippine Highlights 08 Message from the Chairman 11 Q&A with the President & CEO 14 Operational Highlights 20 Subsidiaries 27 Corporate Social Responsibility 28 Board of Directors 32 Management Team 34 Corporate Governance 38 Statement of Management’s Responsibility for Financial Statements 39 Report of Independent Auditors 43 Consolidated Financial Statements 49 Management’s Discussion and Analysis of Financial Conditions 51 Our Vessels 55 Contact Us | | 2 CHELSEA LOGISTICS CORP. 2016 ANNUAL REPORT BETTER SHIPPING. BETTER LOGISTICS. BETTER LIFE. 3 ABOUT US VISION To be the finest shipping company known for its unrivalled customer service. MISSION • We transport passengers, cargos, petroleum, oil, chemicals and other bulk products. • We satisfy our customers’ needs through reliable, punctual, efficient and safe service. • We constantly challenge ourselves to do better and to perform beyond what is expected. • We care for the community and the environment by applying the best practices in ship management, adhering to global standards. • We deliver superior returns to our stakeholders through prudent stewardship of our resources. We adhere to the highest ethical and professional standards. Our reputation defines who we are. VALUES We are motivated and driven in what we do. Integrity Passion Excellence Enterprise We seize opportunities to We deliver unsurpassed enhance our growth. performance in all our Teamwork endeavours. We work as one to deliver on our commitments. | | 2 CHELSEA LOGISTICS CORP. 2016 ANNUAL REPORT BETTER SHIPPING. BETTER LOGISTICS. BETTER LIFE. 3 CHELSEA LOGISTICS CORP. Chelsea Logistics Corp. (CLC) aims to provide Better Shipping, with a vision to be the finest shipping company known for its unrivalled customer service. The Company, established in 2016, is engaged in the shipping transport business through its wholly-owned subsidiaries: Chelsea Shipping Corp. (CSC) and Trans-Asia Shipping Lines, Inc. (Trans-Asia). CSC is engaged in the maritime conveyance or carriage of petroleum products, goods, wares and merchandise in the Philippines. CSC has six subsidiaries, namely Bunkers Manila Incorporated, Michael Inc., Chelsea Ship Management & Marine Services Corp., Fortis Tugs Corporation, PNX-Chelsea Shipping Corp. and Chelsea Marine Manpower & Resources, Inc. Trans-Asia is engaged in transporting passengers and cargo within Philippine territorial waters and/or in the high seas. Trans-Asia has four subsidiaries, namely Oceanstar Shipping Corporation, Starsy Shoppe, Inc., Dynamic Cuisine, Inc. and Quality Metal & Shipworks, Inc. | | 4 CHELSEA LOGISTICS CORP. 2016 ANNUAL REPORT BETTER SHIPPING. BETTER LOGISTICS. BETTER LIFE. 5 FINANCIAL HIGHLIGHTS CHELSEA LOGISTICS CORP. AND SUBSIDIARIES SUMMARY AND HIGHLIGHTS Years 2014-2016 (In Millions PhP) 2014 2015 2016 800 GROSS PROFIT 30.0% Income Statement Data 700 25.7% 25.0% 600 22.7% 20.3% 746 500 20.0% Net Sales 1,848 2,485 2,900 Cost of Sales 1,428 1,980 2,145 400 15.0% Gross Profit 420 505 746 505 300 420 General and Administrative Expenses 152 171 265 10.0% Other Income - Net (153) (222) (273) 200 5.0% Income Before Tax 115 112 208 100 Tax Expense (Income) (24) 14 76 0.0% Net Income 139 98 132 2014 2015 2016 EBITDA 580 735 1,018 (Combined Audited in PhP Millions) Gross Profit Margin 2014 2015 2016 12,000 ASSETS 2.5% Balance Sheet Data 2.2% 10,000 10,760 2.0% Current Assets 938 1,190 2,634 Non-current Assets 5,459 6,054 8,126 8,000 1.4% 1.5% Total Assets 6,397 7,244 10,760 6,000 25.7% 7,244 6,397 Current Liabilities 2,313 3,001 6,614 1.0% Non-current Liabilities 1,836 1,704 2,585 4,000 Total Liabilities 4,149 4,705 9,199 0.5% Total Equity 2,248 2,539 1,561 2,000 Total Liabilities and Equity 6,397 7,244 10,760 0.0% 2014 2015 2016 2014 2015 2016 (Combined Audited in PhP Millions) Asset ROA Financial Ratios EQUITY Gross Profit Ratio 23% 20% 26% 3,000 8.5% 9.0% Debt to Equity Ratio 1.85 1.85 5.89 8.0% 2,500 6.2% EBITDA 580 735 1,018 7.0% 2,000 6.0% EBITDA Margin 31% 30% 35% 2,539 5.0% 1,500 ROE (%) 6% 4% 8% 2,248 3.9% 4.0% 1,000 3.0% 1,561 2.0% 500 1.0% 0.0% SALES 2,900 2014 2015 2016 3,500 (Combined Audited in PhP Millions) Equity ROE 2,485 3,000 2,500 1,848 D/ E RATIO 2,000 7 5.89 6 1,500 5 4 1,000 3 2 1.85 1.85 1 500 0 2014 2015 2016 2014 2015 2016 (Combined Audited in PhP Millions) | | 4 CHELSEA LOGISTICS CORP. 2016 ANNUAL REPORT BETTER SHIPPING. BETTER LOGISTICS. BETTER LIFE. 5 INDUSTRY HIGHLIGHTS MARKET OVERVIEW SOLID INDUSTRY FUNDAMENTALS: Philippines net imports 90% of its petroleum requirements CONTAINERS PASSENGERS 7,000 8,000 6,000 7,000 6,000 5,000 5,000 4,000 4,000 3,000 3,000 2,000 TEUS, in thousands 2,000 1,000 1,000 0 2011 2012 2013 2014 2015 2016 0 2011 2012 2013 2014 2015 2016 5-YEAR CAGR 6.12% Source: MARINA Foreign Domestic 5-YEAR CAGR 4.41% Source: MARINA INDUSTRY AVERAGE GROWTH ACROSS ALL SECTORS GREATER THAN GDP GROWTH CARGO 12,000 7,000 9.88% 10,000 6,000 7.44% 8,000 7.10% 5,000 6.60% 6.80% 6.10% 6,000 4,000 5.12% 5.24% 5.80% 4.19% 3,000 4,000 Metric Tons 2,000 2,000 1,000 0 2012 2013 2014 2015 2016 0 2011 2012 2013 2014 2015 2016 Annual GDP Growth Foreign Domestic Industry Average Growth Accross all Sectors 5-YEAR CAGR 5.83% Source: MARINA Source: Philippine Statistics Authority | | 6 CHELSEA LOGISTICS CORP. 2016 ANNUAL REPORT BETTER SHIPPING. BETTER LOGISTICS. BETTER LIFE. 7 PHILIPPINE HIGHLIGHTS Impressive Philippine GDP Growth, one of the highest in Southeast Asia PH CITIES IN TOP 100 IMPRESSIVE GDP GROWTH OUTSOURCING DESTINATIONS 8 7 Manila Cebu Davao Sta. Rosa 6 5 4 3 Bacolod Iloilo Baguio Metro City City City Clark 2 1 0 :2014 :2014 :2014 :2014 :2015 :2015 :2015 :2016 Q1 Q2 Q3 Q4 Q1 Q2:2015 Q3 Q4 Q1 Source: Philippine Statistics Authority DUTERTE’S 10 POINT ECONOMIC AGENDA: ON THE RIGHT TRACK Institutions 7 Innovation 6 Infrastructure 26.9Billion 5 Business sophistication 4 Macroeconomic environment OFW remittances spike GDP GROWTH 3 hits record high in 2016 exceeding 2 Government target Health and primary education Market size 1 $7.93 Billion Higher education and training Technological readiness Good market efficiency Financial market development Labor market efficiency The Philippines’ FDI inflow hit record Emerging and Developing Asia Philippines high in 2016 at $7.93 billion Source: World Economic Forum Breaking Boundaries, Broadening Horizons The Philippines is poised to deliver another milestone With the Philippines as the current ASEAN chairman, increase in growth, brought about by increasing consumer the country is in the economic spotlight for increased spending, spiking OFW remittances, an expanding BPO trade with allies and new trading partners in other industry, and a record-high foreign direct investments. emerging economies. Trade and tourism will Next to solid economic and social fundamentals, the steadily become growth drivers for the country. current diversification of trade ties and relationships brings bright opportunities here and abroad. Chelsea Logistics Corp. will seize these growth opportunities to provide Better Shipping, Better Developments in rural and urban areas and robust public Logistics, Better Life for a stronger Philippines. spending, especially in infrastructure and social services, will bring many opportunities for the Company and the industry. | | 6 CHELSEA LOGISTICS CORP. 2016 ANNUAL REPORT BETTER SHIPPING. BETTER LOGISTICS. BETTER LIFE. 7 MESSAGE FROM THE CHAIRMAN 2016 WAS A BREAKOUT YEAR FOR THE PHILIPPINES Chelsea Logistics is well-positioned to capitalize on domestic shipping opportunities. DENNIS A. UY Chairman | | 8 CHELSEA LOGISTICS CORP. 2016 ANNUAL REPORT BETTER SHIPPING. BETTER LOGISTICS. BETTER LIFE. 9 The Philippines continues to be one of the fastest growing Chelsea Shipping celebrated its 10th anniversary in July economies in the world amid a global slowdown and rising 2016. In 2006, it acquired its first tanker, M/T Chelsea Denise, geopolitical uncertainties. Over the last seven years, our primarily to serve the requirements of affiliate Phoenix Gross Domestic Product (GDP) expansion has outpaced Petroleum Philippines, Inc. In the last decade, Chelsea that of other ASEAN economies, and real growth has Shipping’s fleet steadily grew and this year, it acquired averaged 6.3% — the fastest in four decades. three more vessels: M/T Chelsea Charlize, M/T Chelsea Endurance and M/T Chelsea Dominance. Domestic consumption remains a cornerstone of the economy, fuelled by a young population, steady remittance Its fleet of 15 tankers makes Chelsea Shipping the largest streams from Overseas Filipino Workers (OFWs) and a by tonnage in the Philippines, with operations nationwide robust Business Process Outsourcing (BPO) sector. The and around Southeast Asia. CSC is among the top five Bangko Sentral ng Pilipinas’ Consumer Confidence Index petroleum tanker owners in the country, serving Phoenix clocked in at a record 9.2% for 2016. Petroleum, other fuel companies, and marine and aviation accounts. As we approach the one-year mark of President Rodrigo R. Duterte’s administration, we are starting to see the In December 2016, Chelsea Logistics purchased Trans- changes laid out in his 10-Point Socioeconomic Agenda.
Load more

Recommended publications
  • Cebu to Cagayan De Oro Boat Schedule
    Cebu To Cagayan De Oro Boat Schedule Exceptive Tirrell effeminize executively, he huzzahs his hoarhounds very downwards. Crumbled Edgar denominating no fishgig crescendoes staring after Xever pomades detestably, quite miscible. Consolatory Allah usually exterminating some atomiser or unveils indiscreetly. Across the Panay Gulf and Guimaras Strait is Negros Occidental. Love by boat schedules and then from other nearby provinces in every day and many ferries. Cbn news and cagayan de oro to jagna to the boat trips between cebu pacific arc system characterized by booking platform below. One of cagayan de oro. Cebu The pilot boat people a lifeboat with white housing. There on no direct connection from Cebu City to Mindanao However you perform take another ferry to Tagbilaran take the horn to Port of Plaridel take the pause to Ozamis take the ferry to Iligan Port then grease the near to NIA Valencia. Ph to board must not synonymous. Despite this, DO NOT they to where you wanted no bar where waiter are. Miss universe philippines 2007 EXIB Musica. Ilang oras po ung fare rates are boat schedules of cebu city and cagayan de oro airport ceb and. There are considered to bohol you may further restrict movement or questions about traffic by email address is done by large family traditions in. Cebu To Cagayan de Oro 2021 Ferry Trip Schedules Barkota. First trip from the bohol to cagayan de oro to bacolod to the ongoing community quarantine restrictions are protected from bays and. What is the convenient time on visit Cebu? The boat schedules are still significant factor in the province.
    [Show full text]
  • Bridges Across Oceans: Initial Impact Assessment of the Philippines Nautical Highway System and Lessons for Southeast Asia
    Bridges across Oceans Initial Impact Assessment of the Philippines Nautical Highway System and Lessons for Southeast Asia April 2010 0 2010 Asian Development Bank All rights reserved. Published 2010. Printed in the Philippines ISBN 978-971-561-896-0 Publication Stock No. RPT101731 Cataloging-In-Publication Data Bridges across Oceans: Initial Impact Assessment of the Philippines Nautical Highway System and Lessons for Southeast Asia. Mandaluyong City, Philippines: Asian Development Bank, 2010. 1. Transport Infrastructure. 2. Southeast Asia. I. Asian Development Bank. The views expressed in this book are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. ADB encourages printing or copying information exclusively for personal and noncommercial use with proper acknowledgment of ADB. Users are restricted from reselling, redistributing, or creating derivative works for commercial purposes without the express, written consent of ADB. Note: In this report, “$” refers to US dollars. 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines Tel +63 2 632
    [Show full text]
  • Philippine Port Authority Contracts Awarded for CY 2018
    Philippine Port Authority Contracts Awarded for CY 2018 Head Office Project Contractor Amount of Project Date of NOA Date of Contract Procurement of Security Services for PPA, Port Security Cluster - National Capital Region, Central and Northern Luzon Comprising PPA Head Office, Port Management Offices (PMOs) of NCR- Lockheed Global Security and Investigation Service, Inc. 90,258,364.20 27-Nov-19 23-Dec-19 North, NCR-South, Bataan/Aurora and Northern Luzon and Terminal Management Offices (TMO's) Ports Under their Respective Jurisdiction Proposed Construction and Offshore Installation of Aids to Marine Navigation at Ports of JARZOE Builders, Inc./ DALEBO Construction and General. 328,013,357.76 27-Nov-19 06-Dec-19 Estancia, Iloilo; Culasi, Roxas City; and Dumaguit, New Washington, Aklan Merchandise/JV Proposed Construction and Offshore Installation of Aids to Marine Navigation at Ports of Lipata, Goldridge Construction & Development Corporation / JARZOE 200,000,842.41 27-Nov-19 06-Dec-19 Culasi, Antique; San Jose de Buenavista, Antique and Sibunag, Guimaras Builders, Inc/JV Consultancy Services for the Conduct of Feasibility Studies and Formulation of Master Plans at Science & Vision for Technology, Inc./ Syconsult, INC./JV 26,046,800.00 12-Nov-19 16-Dec-19 Selected Ports Davila Port Development Project, Port of Davila, Davila, Pasuquin, Ilocos Norte RCE Global Construction, Inc. 103,511,759.47 24-Oct-19 09-Dec-19 Procurement of Security Services for PPA, Port Security Cluster - National Capital Region, Central and Northern Luzon Comprising PPA Head Office, Port Management Offices (PMOs) of NCR- Lockheed Global Security and Investigation Service, Inc. 90,258,364.20 23-Dec-19 North, NCR-South, Bataan/Aurora and Northern Luzon and Terminal Management Offices (TMO's) Ports Under their Respective Jurisdiction Rehabilitation of Existing RC Pier, Port of Baybay, Leyte A.
    [Show full text]
  • Chapter 5 Improved Infrastructure and Logistics Support
    Chapter 5 Improved Infrastructure and Logistics Support I. REGIONAL DEVELOPMENT CHALLENGES AND OPPORTUNITIES Davao Region still needs to improve its infrastructure facilities and services. While the Davao International Airport has been recently completed, road infrastructure, seaport, and telecommunication facilities need to be upgraded. Flood control and similar structures are needed in flood prone areas while power and water supply facilities are still lacking in the region’s remote and underserved areas. While the region is pushing for increased production of staple crops, irrigation support facilities in major agricultural production areas are still inadequate. Off-site infrastructure in designated tourism and agri-industrial areas are likewise needed to encourage investment and spur economic activities. Accessibility and Mobility through Transport There is a need for the construction of new roads and improvement of the existing road network to provide better access and linkage within and outside the Region as an alternate to existing arterial and local roads. The lack of good roads in the interior parts of the municipalities and provinces connecting to major arterial roads constrains the growth of agriculture and industry in the Region; it also limits the operations of transport services due to high maintenance cost and longer turnaround time. Traffic congestion is likewise becoming a problem in highly urbanized and urbanizing areas like Davao City and Tagum City. While the Region is physically connected with the adjoining regions in Mindanao, poor road condition in some major highways also hampers inter-regional economic activities. The expansion of agricultural activities in the resettlement and key production areas necessitates the opening and construction of alternative routes and farm-to-market roads.
    [Show full text]
  • 1. R.Te3.Nd Chattc3 Par Unlt Pcr Dgiun. Onr
    August 9, 2017 DBP Dear Valued Customer, Warm Gr€etings from 2GO! we are pleased to submit our discounted rates proposal for your (21 units) Rolling cargo (RC) shipment from Manila to Various ports of destination. 1. R.te3.nd Chattc3 Par unlt pcr DGiUn. onr DETAILS TOTAL 260 ottcou}{lo UNN ORIG DEST C}IAiGIS PS U'{Ir DTCI.ARID VATUT isuzu cRosswrNo )fi MNL CEB 18.813.a6 rsuzu cRosslv tNc rt IINL 3C -' 1&918,5O rsuzu cRoss$JlNo rT L 18,017.99 ISUZU CROSS'tlrrNO rT $NL",lH 26.863.05 iSUZU CROSSWINO x-t MNL 19,494J I rsuzu cRosswlND x: MNL 23,10832 rsuzu cRoss$/rNo x't MNt GES 23,774,O7 MNL 23,713-22 II I ir,'lN L 32,101l)7 MNL 28,32r59 NOTES A Rates above per unit per destination - vat inclusive B Exclusive of Arrastre/PPA charges - to be paid direcuy to 3d party office c Rates lncluslve of Valuation based on given de€lared value per unlt served as insurance D Charges computation/breakdown. Annex 1. 2GO Shipping Charges per unit + 3d party Costs p€r unit tio ,arTY oraa6E ro ia r 5 St l'l Gir ato d D6i.tarx,i ^,Artty ofn ct€ ., lr.r AD. !!! . n. od.d !d.d.a.^.rcJ:).,.o :5CS -E!tr:ll 2GO charges p€r unit above as specified. While 3d party charges in Origin such as PPA & Arrastre are to be paid separately and directly to their Manila Pier Office. This upon entry of unit at pier or during documentation.
    [Show full text]
  • (Microsoft Powerpoint
    Workshop 2010 of the Asian Network for Prevention of Illegal Transboundary Movement of Hazardous Waste Border Control Activities and Challenges for Tackling Illegal Transboundary Movement of Hazardous Wastes January 27 – 29, 2010 Yokohama, Japan Outline of the Presentation 1. Bureau of Customs a. Five-Year Strategic Plan (2008-2012) b. Vision and Mission c. Strategic Goals d. Territorial Jurisdiction Collection Districts e. Electronic to Mobile Import Assessment (E2M IAS) 2. Environmental Protection Unit (EPU) Enforcement and Security Service (ESS) a. Creation b. Duties and Functions c. Personnel Complement d. Coverage e. Authority Outline of the Presentation 3. Enhancement Programs with Partner Agencies a. Megaports Initiative Project b. X-ray Inspection Project c. Philippine Customs Intelligence System (PCIS) d. Coast Watch South (CWS) e. Inter-Agency Technical Working Group on Border Crossing f. Philippine Border Management Project (PBMP) g. Nationwide Port Operations and Law Enforcement Organizational Network for a Strong Republic (The Network) h. Strategic Partnership on Immigration, Customs, Quarantine Enforcement (SPICQE) BUREAU OF CUSTOMS FIVE - YEAR STRATEGIC PLAN 2008 -2012 ISO 9001:2008 (Quality Management System) ISO 27001:2005 (Information Security Management System ““A customs administration which is among the world’s best that every Filipino can be proud of. ““ To enhance revenue collection; To provide quality service to stakeholders with professionalism and integrity; To facilitate trade in a secured manner; To effectively curb smuggling; To be compliant to international best practices and standards. Strategic Goals 1) ENHANCED REVENUE COLLECTION -Continuing top priority 2) DEVELOPED PERSONNEL COMPETENCE AND WELFARE -Organization is only as good as the people who comprise it.
    [Show full text]
  • A Quick Guide for Expatriates Living in Metro Manila
    A QUICK GUIDE FOR EXPATRIATES LIVING IN METRO GROUPON: Offers different discounts to restaurants, hotels, MANILA products and tours in and around Metro Manila. MARTIN RECOMMENDS: A list of performing arts events happening in and around Metro Manila. Site: http://martinrecommends.weebly.com/index.html Site: http://www.beeconomic.com.ph CLICK THE CITY.COM: Lists and blogs of different events, music, TV shows, movies, food, travel and more. METRODEALS: Offers discounts to restaurants, hotels, products and tours in and around Metro Manila. Site: http://www.metrodeal.com Site: http://www.clickthecity.com/ IVAN ABOUT TOWN: Blogs on heritage and tours not just around OUR AWESOME PLANET: Famous food and travel blogs. Manila, but the Philippines and Asia. Site: http://www.ourawesomeplanet.com/ Site: http://www.ivanhenares.com/ SPOT.PH: Guide to restaurants and events around Metro Manila. OLD MANILA WALKS: For walking tours particularly around old Manila Site: http://www.spot.ph/ Site: http://www.oldmanilawalks.com/ CEBU PACIFIC AIR: For domestic and international airfare and travel AIR ASIA PHILIPPINES: For domestic and international airfare and bookings using low cost carriers. Sign up for regular updates on travel bookings using low cost carriers. promotions. Site: http://www.airasia.com/ph/en/home.page Site: www.cebupacificair.com PHILIPPINE AIRLINES: For domestic and international airfare and AIR PHILIPPINES EXPRESS: For domestic and international airfare travel bookings using the major carrier of the Philippines. PAL can and travel bookings using low cost carriers. also offer good if not better deals than the competition Site: http://www.airphilexpress.com/ Site: http://www1.philippineairlines.com/ EXPATSALLSORTS: List of general information for expats in Manila SEAIR: For domestic and international airfare and travel bookings using low cost carriers.
    [Show full text]
  • Chapter 4 Safety in the Philippines
    Table of Contents Chapter 1 Philippine Regions ...................................................................................................................................... Chapter 2 Philippine Visa............................................................................................................................................. Chapter 3 Philippine Culture........................................................................................................................................ Chapter 4 Safety in the Philippines.............................................................................................................................. Chapter 5 Health & Wellness in the Philippines........................................................................................................... Chapter 6 Philippines Transportation........................................................................................................................... Chapter 7 Philippines Dating – Marriage..................................................................................................................... Chapter 8 Making a Living (Working & Investing) .................................................................................................... Chapter 9 Philippine Real Estate.................................................................................................................................. Chapter 10 Retiring in the Philippines...........................................................................................................................
    [Show full text]
  • Bureau of Customs ITS ROLE in EXPORT CONTROL
    Bureau of Customs ITS ROLE IN EXPORT CONTROL BY ATTY. LOUIS ADVIENTO CHIEF EXPORT DIVISION, POM Bureau of Customs The Bureau of Customs is one of the lead agencies responsible for the control and monitoring of the export-import of Weapons of Mass Destruction and dual purpose articles in the Philippines Bureau of Customs It is considered the first and the last line of defense in the enforcement of export control laws in the country Functions 1. The assessment and collection of the lawful revenues from imported articles and all other dues, fees, charges, fines and penalties accruing under the tariff and customs laws Functions 2. The prevention and suppression of smuggling and other frauds upon the customs Functions 3. The supervision and control over the entrance and clearance of vessels and aircraft engaged in foreign commerce Functions 4. The enforcement of the tariff and custom laws and all other laws, rules and regulations relating to the tariff and customs administration Functions 5. The supervision and control over the handling of foreign mails arriving in the Philippines, for the purpose of the collection of the lawful duty on the dutiable articles thus imported and the prevention of smuggling through the medium of such mails Functions 6. Supervise and control all import and export cargoes, landed or stored in piers, airports, terminal facilities, including container yards and freight stations, for the protection of government revenue Functions 7. Exercise exclusive original jurisdiction over seizure and forfeiture cases under the
    [Show full text]
  • The Official Publication of the Rotary Club of East Davao
    RED CHRONICLETHE OFFICIAL PUBLICATION OF THE ROTARY CLUB OF EAST DAVAO Sept. 13, 2019 Turnover of monthly assistance to our 6 adopted Feeding Centers INVOCATION Lord, Rotarians world-wide acknowledge your power, and your expectation that we Club No. 17115 District 3860, Davao City, Philippines be of service to mankind. Let us renew our obligation to fulfill that expectation, just th 12 REGULAR WEEKLY MEETING as the return of spring renews growth in September 24, 2019, Marco Polo Hotel Davao the world around us, with a new commitment to help others in our PROGRAMME community, our nation, and our world. With the power, influence, and wealth that Call to Order we as leaders in this place most certainly PRES. PATRICK CAPILI have, let us always remember that these are a blessing from you, and that charity is Turnover of Proceedings to the Master of Ceremonies more fulfilling than decadence, and the PP VAL DIONISIO Golden Rule a much richer yardstick than any bank account. Amen. Pambansang Awit and Invocation RTN. ESTHER DE JESUS Introduction of Visiting Rotarians and Guests PP LEO EDWIN ZANTUA Community Singing RTN. PAUL PETER DIGAL Pages Secretary's Time SEC. DARWIN SANTOS Programme 01 President’s Message 02 President's Time Secretary's Page 03 PRES. PATRICK CAPILI Point of View 04 Rotary World 05 Introduction of Guest Speaker Bits and Pieces 06 PP JESS FORTICH Lights Camera Action 07 Speaker’s Profile 08 Speech End Polio Campaign 09 ATTY. ERASTUS SANDINO B. AUSTRIA 10-11 District Collector, Port of Davao and Spokesperson, BOC Roster of Members TRF Contributors 12 Open Forum Response MAKE UP CARD PP ANTHONY BANZALI Giving of Certificate of Appreciation & Name of Rotarian Adjournment.......
    [Show full text]
  • TOP LEADERS FORUM Profiles of Roundtable Participants
    TOP LEADERS FORUM Profiles of Roundtable Participants MR. FRANCIS C. CHUA Hononary President, Federation of Filipino Chinese Chambers of Commerce and Industry Chairman and President, BA Securities President, Philippine Satelite Corporation Vice Chairman, Basic Energy Corp. Director, Basic Diversified Industrial Holdings Basic Diversified Industrial Holdings Inc. is an investment holding company which operates in sectors like petrochemicals, power generation, industrial gases, water distribution and crystals manufacturing. He is also the Chairman and Independent Director of 2Go Group Inc., 2Go Group Inc. The group maintains the largest and widest logistics infrastructure across the Philippines with seamless links to over 150 countries. Over 185 branches and outlets Over 400,000 TEU capacity (50% market share of domestic freight) 16 passage and freight vessels 15,000 containers; 550 trucks; 1,200 trailers; 250 motorcycles 35 Cross-dock warehouses nationwide 70,000 square meters of Distribution Center operations MR. ROBERTO CLAUDIO Vice Chairman for International Relations, Philippine Retailers Assocition PRA has wide membership base nationwide but it also established effective representation from industry members all over the country. Through the establishment of provincial chapters, the PRA is able to approach the problems and issues facing retailers all over the country with a more unified, comprehensive, and coordinated response. MS. MARGARITA LOPEZ Senior Vice President and Chief Operations Officer, Manulife Philippines She has about 23 years of experience in process, product and technology management with various senior or project lead positions in the insurance, banking, brokering, manufacturing, distribution, airline and mining industries, as well as telecommunications and utilities. Her expertise lie in the areas of strategic planning, strategic product development, customer services, technology & support operations, project management, product implementation, and support & staff development.
    [Show full text]
  • SUSTAINABILITY REPORT 2018 SUSTAINABILITY 26 2GO Together | Community Involvement 30 2GO Corporate Governance
    8th Floor Tower 1 Double Dragon Plaza Macapagal Boulevard corner EDSA Extension Pasay City 1302, Philippines www.2go.com.ph 2GO GROUP, INC. 2018 SUSTAINABILITY REPORT CONTENTS 2018 SUSTAINABILITY REPORT 2 About 2GO 4 President’s Message 6 In Support of the Sustainable Development Goals 8 Sustainability is the Way2GO 14 2GO Beyond Borders 18 2GO Solutions | Sustainable Logistics System 22 Ready 2GO | Team Spirit 2018 SUSTAINABILITY REPORT 2018 SUSTAINABILITY 26 2GO Together | Community Involvement 30 2GO Corporate Governance 2 35 GRI Index 2GO GROUP, INC. 2GO GROUP, The Report 102-48, 102-49, 102-54 2GO Group seals its commitment to sustainability by publishing its maiden Sustainability Report covering the period of January-December 2018. This report highlights the economic, environmental and social performance of the company. It is also a testament of the company’s commitment to the United Nations Sustainable Development Goals (SDGs), the principles of the United Nations Global Compact (UNGC), the Greenhouse Gas Protocol (GHG Protocol) and the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) Strategy on the reduction of GHG emissions from ships. This report has been prepared in accordance with the GRI Standards: Core option. It has completed the GRI Materiality Disclosures Service which confirms that disclosures 102-40 to 102-49 of the GRI 102: General Disclosures 2016, were correctly located in both the GRI Content Index and in the pages of this report. The scope of this report highlights the company’s sustainability framework, materiality and approach, its economic contribution through the movement of goods and services, its sustainable logistics system, its human resource management approach and its corporate social responsibility impact.
    [Show full text]