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Customs misses target for 6th straight month

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Bureau of Customs (BOC) building INQUIRER FILE PHOTO

For the sixth consecutive month this year, the Bureau of Customs failed to meet its revenue target with June collections of only P26.96 billion, about P6.32 billion short of the P33.29-billion target for the 20-day trading period.

Posted: July 9th, 2014 in Latest Business Stories | Read More »

Airport customs take short of P3.5B through May

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Bureau of Customs. INQUIRER FILE PHOTO

From January to May this year, the Bureau of Customs (BOC) office at the Ninoy Aquino International Airport (Naia) registered a revenue collection deficit of more than P3.5 billion.

Posted: July 7th, 2014 in Latest Business Stories | Read More »

Singson: Don’t blame us

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Public Works Secretary Rogelio Singson: Let them learn their lesson  INQUIRER FILE PHOTO

Public Works Secretary Rogelio Singson on Tuesday said critics should stop blaming him and his department for the disqualification of the San Miguel Corp. (SMC) and Optimal Infrastructure Development joint venture from last week’s bidding for the P35.4-billion Cavite-Laguna Expressway (Calax) project.

Posted: June 18th, 2014 in Latest Business Stories | Read More »

Truck ban not our doing, says Customs

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Customs Commissioner John Phillip Sevilla: Not our responsibility. INQUIRER FILE PHOTO

Don’t count on us to solve the problem. Commissioner John Phillip Sevilla told traders, truckers, shippers and other stakeholders that the Bureau of Customs could not do anything about the Manila city government’s expanded truck ban over which it “does not have control.”

Posted: June 11th, 2014 in Latest Business Stories | Read More »

PNOC confident to strike oil off Palawan

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CONTRIBUTED IMAGE/ http://www.pnoc-ec.com.ph

A consortium led by the state-run Philippine National Oil Company-Exploration Corp. (PNOC-EC) has embarked on a $22-million energy exploration project off the western coast of Palawan, which is “estimated to contain oil-in-place volumes of [up] to 676 million barrels, and an upside potential of 977 million barrels.”

Posted: June 8th, 2014 in Latest Business Stories | Read More »

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