Latest Stories

Finance chief backs raps vs top tax-paying oil firm


Finance Secretary Cesar V. Purisima: ‘Committed to strong, unbiased prosecution. AP FILE PHOTO

MANILA, Philippines—Even top taxpayers must obey the law, Finance Secretary Cesar V. Purisima said Tuesday.

Purisima was reacting to a full-page newspaper advertisement run by Phoenix Petroleum Philippines Inc., which deplored a Department of Justice order for the filing in court of smuggling charges against the company’s president, Dennis Uy, and customs broker Jorlan Capin Cabanes in connection with allegations of improperly shipping in petroleum products.

In the advertisement, the oil firm said the “unsubstantiated allegations” are particularly troubling as Phoenix has been regularly honored as one the Philippines’ highest taxpayers by the Bureau of Internal Revenue and the (BOC) themselves.

Last week, the DOJ reversed a resolution of the Bureau of Customs that dismissed a complaint alleging that the company’s importation of various petroleum products with a dutiable value P5.1 billion was “tainted by anomalies.”

Purisima, in a statement, countered that “appearance in any public ranking of the Department of Finance, such as the top taxpayers’ or top importers’ lists, does not guarantee immunity from prosecution, nor does it mean that any entity will not be subject to the stringent application of the law.”

The finance chief expressed support for the DOJ’s resolution dated April 24, which found probable cause to file charges against Uy and Cabanes.

“We in the DOF and all government agencies are committed to strong, unbiased prosecution of all allegations of smuggling,” Purisima said.

“There is evidence that Phoenix either did not file the proper import entries or filed the same without the necessary supporting documents, on numerous instances, in addition to failure to account for their imports,” he added.

According to the BOC’s RATS (Run After the Smugglers) Group, the company, assisted by Cabanes, “unlawfully and fraudulently” imported gas oil, unleaded gasoline and petroleum products through the Port of Davao and subport of Bauan in Batangas on various dates from 2010 to 2011.

“Also, shipments that should have been deemed abandoned and turned over to the government were improperly released, signaling collusion with BOC personnel to subvert the Tariffs and Customs code,” Purisima said.

“In light of these issues, which have been raised in the past and further substantiated today, we are compelled to act and investigate the truth of this matter,” he said.

In the advertisement, the publicly listed Phoenix assured its shareholders that it is taking actions to ensure exoneration from the “false and malicious accusations.”

Phoenix claims that it pays an estimated 8 percent of total tax and duties on all oil imports although it accounts for less than 5 percent of total sales of such imports.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Cesar V. Purisima , Dennis Uy , oil and gas , oil smuggling , Philippines , Phoenix Petroleum Philippines

  • http://www.facebook.com/cmaglutac Carlos Maglutac

    Fine Phoenix. What about the others? It’s hard to believe one of the smalllest players is the only one.

  • upupperclassman

    Phoenix Petroleum should go to court to answer smuggling charges instead of using newspaper ads.

  • ting0508

    Let’s jail the tax evaders Mr. Secretary! Moreso if they are the big ones so that people will not emulate them! Go for it!

  • randyaltarejos

    If I were the officers of Phoenix Petroleum whose names were implicated in an alleged smuggling activities now filed by the DOJ, I’d just ventilate my grievances in the court of law through their lawyers. Putting a full page ad in the newspaper will all the more aggravate the situation.

    • blue01

      I think their PR team thinks they need to do that. It’s not for Gov’t officials but for their customers so that they continue patronizing their products.

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • 9 confirmed dead after ferry sinks off South Korean coast
  • Aquino to public: Learn to sacrifice
  • 20 killed as Islamic extremists rampage in Nigeria
  • Drug firm Novartis to help Leyte firefighter
  • Fears grow for hundreds missing in South Korea ferry capsize
  • Sports

  • Walker leads Bobcats over Bulls in OT, 91-86
  • Man City slips further out of title contention
  • Federer would skip tennis to be with wife, newborn
  • Manny Pacquiao in PBA? If so, he’ll wear No. 17
  • PSC sets Blu Girls US training
  • Lifestyle

  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • Entertainment

  • American rapper cuts own penis, jumps off building
  • Jay Z to bring Made in America music fest to LA
  • Why Lucky has not bought an engagement ring for Angel
  • Derek more private with new girlfriend
  • ‘Community’ star happy with return of show’s creator
  • Business

  • Fired Yahoo exec gets $58M for 15 months of work
  • PH presses bid to keep rice import controls
  • PSEi continues to gain
  • Number of retrenched workers rose by 42% in ’13
  • PH seen to sustain rise in FDIs
  • Technology

  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Syria most dangerous country for journalists, PH 3rd—watchdog
  • Japan says visa-free entry still a plan
  • First Fil-Am elected to Sierra Madre, Calif. city council
  • UC Irvine cultural night to dramatize clash of values in immigrant family
  • Filipino sweets and info served at UC Berkeley Spring Fest
  • Marketplace