Customs auditing high-end car importers
By Riza T. Olchondra
All importers of “branded, high-end cars”—not only PGA Cars Inc.—are undergoing an audit of the declared value of their imported units, according to the Bureau of Customs (BOC).
All importers of “branded, high-end cars”—not only PGA Cars Inc.—are undergoing an audit of the declared value of their imported units, according to the Bureau of Customs (BOC).
The Commission on Audit wants a private contractor disqualified from future biddings of the Land Transportation Office for failure to comply with its contract obligation resulting in the delay in the delivery of motor vehicle license plates last year.
The Securities and Exchange Commission has fined property developer Sta. Lucia Land Inc. P407,000 for certain alleged violations such as non-compliance with disclosure requirements.
The state-run Philippine National Oil Co.-Exploration Corp. (PNOC-EC) registered losses of more than P122.4 million in an allegedly anomalous importation of almost 70,000 metric tons of Indonesian coal in 2009, according to an internal audit conducted by the energy firm.
The European Union is set to conduct an audit on the state of the country’s maritime education system, the results of which may prove to be either a boon or bane for Filipino seafarers.
The Department of Energy is constituting a team that will scrutinize the financial statements of six oil companies belonging to the Philippine Institute of Petroleum (PIP) that want to clear their names of allegations of overpricing and collusion.
The head of the Commission on Audit on Wednesday said that while the agency has uncovered something during its audit of the transactions of state-owned Development Bank of the Philippines, its audit was neither complete nor conclusive. CoA Chairperson Grace Tan told reporters at the sidelines of a forum held by the Financial Executives Institute [...]
