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BOC continues to miss collection target

By
Customs Commissioner John Sevilla. INQUIRER FILE PHOTO

“So far, not so good.”

That was how a high official of the Bureau of Customs described the agency’s revenue collections during the first quarter of the year, which totaled P86.26 billion, P8.51 billion short of its target of P94.76 billion.

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

Customs misses monthly revenue target again

By
Bureau of Customs. INQUIRER FILE PHOTO

For the second month in a row, the Bureau of Customs failed to meet its revenue goal with a collection of a little over P26 billion, some P4 billion short of its February target of P30.18 billion.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

Thailand offers lower price for rice after bid

By
INQUIRER FILE PHOTO

After losing to Vietnam in the Philippine government’s auction to supply 500,000 metric tons of rice last November, Thailand is still bent on bagging the supply contract, submitting a counter-offer that was lower than Hanoi’s winning bid of $462.25 per MT, according to National Food Authority (NFA) documents.

Posted: January 28th, 2014 in Latest Business Stories | Read More »

Traders urge tight watch over maker of cheap cigarettes

By
mighty-cigarettes

The chair of the 800-member Federation of Philippine Industries (FPI) on Monday called for a “24/7 close monitoring” of the trading practices of low-cost cigarette manufacturer Mighty Corp. by the Bureau of Customs (BOC) and its mother agency, the Department of Finance (DOF).

Posted: January 28th, 2014 in Latest Business Stories | Read More »

BOC padlocks warehouse of low-cost cigarette maker

By
mighty-cigarettes

The Bureau of Customs has suspended the license of low-cost cigarette manufacturer Mighty Corp. to operate a customs bonded warehouse, which is expected to seriously disrupt its business operations, mainly the importation of tobacco leaves and other cigarette-manufacturing materials.

Posted: January 24th, 2014 in Editor's Pick,Latest Business Stories | Read More »

New chief says customs valuation system needs fixing

By
Customs Commissioner John Sevilla. INQUIRER FILE PHOTO

The valuation of an undisclosed number of importations handled by the Bureau of Customs was “a little bit low,” resulting in lower revenue collections under the Aquino administration.

Posted: December 31st, 2013 in Latest Business Stories | Read More »

BOC ‘unlikely’ to meet P340-B revenue target for 2013 — commissioner

By
Customs Commissioner John Sevilla. INQUIRER FILE PHOTO

“Barring the second coming of Jesus Christ,” it is “extremely unlikely” for the Bureau of Customs to meet its 2013 revenue collection target of P340 billion, according to Customs Commissioner John Phillip Sevilla.

Posted: December 29th, 2013 in Latest Business Stories | Read More »

Customs misses 3-quarter target by P23B

By
Customs Commissioner Ruffy Biazon: Blames corruption. INQUIRER.net FILE PHOTO

The Bureau of Customs’ five biggest revenue collection districts—Manila International Container Port, ports of Manila, Batangas and Limay (Bataan), and the Ninoy Aquino International Airport—collected a total of P218.12 billion in revenues during the first 10 months of the year, according to the latest report of the BOC’s Statistical Analysis Division.

Posted: November 28th, 2013 in Latest Business Stories | Read More »

Customs officials meet in Manila to prepare for Asean trade zone

By
Customs Commissioner Ruffy Biazon: Blames corruption. INQUIRER.net FILE PHOTO

Customs officials from Association of Southeast Asian Nations members are in Manila for the 15th Meeting of the Asean Customs Procedures and Trade Facilitation Working Group at a Pasay City hotel. Their host is the Philippines’ Bureau of Customs (BOC).

Posted: November 6th, 2013 in Latest Business Stories | Read More »

Cavite-to-Laguna expressway bids deadline extended

By
Public Works Secretary Rogelio Singson. FILE PHOTO

The Department of Public Works and Highways has extended for one month the deadline for submission of prequalification bidding documents for the P35-billion Cavite-Laguna Expressway (Calax), one of the infrastructure projects under the government’s Public-Private Partnership program.

Posted: September 25th, 2013 in Latest Business Stories | Read More »

European team studying Cavite airport project bullish on PH

By
A map of Sangley Point military facility, which used to be a US naval station. The local consortium All-Asia Resources and Reclamation Corp. plans to build on reclaimed land off Sangley Point an international airport and seaport.  PHOTO FROM FACEBOOK.COM

Meget varme. Venlige. Imoedekommende.

Posted: August 5th, 2013 in Latest Business Stories | Read More »

Customs bureau misses monthly revenue target again

By
AFP PHOTO/JAY DIRECTO

For the sixth month in a row, the Bureau of Customs (BOC) has failed to meet revenue targets.

Posted: July 15th, 2013 in Latest Business Stories | Read More »

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