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Lower import duties seen to boost PH output

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To bolster manufacturing and generate more jobs in this sector, the government is considering lowering import duties further, which may lead to reduced raw material and equipment costs.

Posted: June 26th, 2014 in Headlines | Read More »

BOC slaps additional P853-M duties on Mighty

The Bureau of Customs has slapped Mighty Tobacco an additional P853 million in duties for imported cigarette raw materials found inside the customs bonded warehouse the BOC earlier padlocked for serious violations of tariff laws.

Posted: May 17th, 2014 in Editor's Pick,Headlines | Read More »

‘Raising import duties on paper to hurt students most’

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INQUIRER FILE PHOTO

Millions of Filipino schoolchildren may end up having to pay more for their school supplies come June if the government decides to impose higher tariffs on imported paper used in the local production of books, notebooks, pad paper and similar items.

Posted: March 30th, 2014 in Latest Business Stories | Read More »

Gov’t to reduce BOC revenue goal

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Customs Deputy Commissioner Peter Manzano. INQUIRER FILE PHOTO

The government will have to reduce its 2013 target revenue from import duties and taxes due to the unexpected slump in imports which, in turn, has taken its toll on the collections of the Bureau of Customs (BOC).

Posted: June 6th, 2013 in Editor's Pick,Headlines | Read More »

Gov’t budget gap declines by more than half

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

The government reduced its budget deficit by more than half in October after it stepped up collection of taxes and import duties to boost the state’s coffers, the Department of Finance said.

Posted: November 29th, 2012 in Editor's Pick,Headlines | Read More »

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