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Finance: TradeNet to process 7 kinds of goods initially

Finance: TradeNet to process 7 kinds of goods initially

Oct. 19 | Seven types of commonly traded commodities, including rice and sugar, will be the first batch to be covered when the Philippine government initially implements the online trade facilitation portal, TradeNet, according to the Department of Finance (DOF). “The...

Customs chief quells worries BOC to turn into a ‘PDEA extension’

Customs chief quells worries BOC to turn into a ‘PDEA extension’

Oct. 19 | Customs Commissioner Isidro Lapeña has assured that the Bureau of Customs (BOC) will not become an extension of the Philippine Drug Enforcement Agency (PDEA), the agency he previously headed. In a statement on October 14, the new customs chief said...

BOC twice posts P3B daily collection record in Sept

BOC twice posts P3B daily collection record in Sept

Oct. 15 | The Bureau of Customs (BOC) has collected more than P3 billion in daily revenue for two consecutive days last September, a first in the agency’s history, based on a preliminary report by its Financial Service. BOC collected P3.317 billion and P3.194...

Manila raid yields P2B worth of imitation products

Manila raid yields P2B worth of imitation products

Oct. 15 | Customs Commissioner Isidro Lapeña (right), who led the inspection of the units on October 12, said the operation was conducted based on reports from brand owner Unilever of the unauthorized distribution of the fake products. Photo courtesy of the Bureau...

Containers with P3M worth misdeclared items seized

Containers with P3M worth misdeclared items seized

Oct. 15 | Several containers with misdeclared contents worth more than P3 million were recently seized by the Bureau of Customs (BOC) at the Manila International Container Port (MICP). MICP District Collector Ruby Alameda reported that the misdeclared items were...

DOF eyes P2B budget for 2018 launch of fuel marking project

DOF eyes P2B budget for 2018 launch of fuel marking project

Oct. 15 | The Department of Finance (DOF) is proposing a P2-billion budget in 2018 to implement the Bureau of Customs’ (BOC) fuel marking program, one of the tax reform endeavors of the Philippine government to minimize smuggling of petroleum products and boost...

Undeclared medical devices valued at P2.5M seized at NAIA

Undeclared medical devices valued at P2.5M seized at NAIA

Oct. 15 | The Bureau of Customs (BOC) recently intercepted P2.5 million worth of misdeclared hypothermia medical devices at the Ninoy Aquino International Airport (NAIA) Terminal 1. Schilling Florian, a passenger of flight TG 620 that flew in from Bangkok, Thailand,...

MICT hits record productivity in Aug, Sept

MICT hits record productivity in Aug, Sept

Oct. 12 | Manila International Container Terminal (MICT) recorded an increase in berth productivity of 22% and 13% in August and September, respectively. Photo courtesy of ICTSI. Manila International Container Terminal (MICT) posted record productivity for August...

PH exports up for 9th straight month, boost trade in Aug

PH exports up for 9th straight month, boost trade in Aug

Oct. 12 |   Philippine external trade grew 10% in August 2017 as a result of the positive performances of both imports and exports, according to the Philippine Statistics Authority (PSA). External trade in goods in August 2017 reached US$13.42 billion, up...

Deliveree to invest $14.5M funding to bolster SEA operations

Deliveree to invest $14.5M funding to bolster SEA operations

Oct. 12 | GROUND logistics marketplace Deliveree, also known as Transportify in the Philippines, has secured US$14.5 million in financing to support its operations and expansion plans in Southeast Asia. The fund was secured through Series A, a round of venture...
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