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News on customs and trade
P250M Thai rice with no import permit nabbed at Manila port
Jun. 20 | The Bureau of Customs (BOC) recently seized 200 containers of Thai white rice estimated to be worth P250 million at the Manila International Container Port (MICP) for lacking the necessary permit to import. Importer Sta. Rosa Farm Products Corp. filed...
TradeNet beefed up with cybersecurity features
Jun. 20 | TradeNet, the government’s digital trading platform that aims to reduce the processing time and number of transactions for import and export clearances, will be reinforced with cybersecurity features to thwart unauthorized access and other forms of...
PIA donates land for new BOC building; DEA to be located inside MCT
Jun. 17 | Photo courtesy of the Bureau of Customs. Government-owned and controlled corporation Phividec Industrial Authority (PIA) has provided the Bureau of Customs (BOC) 1.5 hectares of land at the Mindanao Container Terminal (MCT) for the construction of a new...
Stronger links between ASEAN and Russian customs agencies urged
Jun. 17 | Philippine Finance Secretary Carlos Dominguez III has called for closer cooperation between the Russian Federation and the Association of Southeast Asian Nations (ASEAN) in the field of customs administration to further strengthen economic ties between...
DOF reviewing implementation of common carriers’ tax
Jun. 12 | The Philippine Department of Finance (DOF) said it will review current revenue regulations on the common carriers’ tax imposed on international air and sea cargo vessels doing business in the Philippines to ensure a level-playing field and improve...
BOC seizes P4.5M in smuggled onions at Manila port
Jun. 11 | The Bureau of Customs (BOC) has seized three forty-foot equivalent units (FEUs) containing smuggled onions with an estimated worth of P4.5 million at the Port of Manila as a result of its intensified inspection of shipments. Customs Commissioner Isidro...
BOC-NAIA gets new portable x-ray machines
Jun. 11 | Two brand-new Rapiscan x-ray units have been placed at the Ninoy Aquino International Terminal 3; two units were allocated at Terminal 2; and another three units are being set up at Terminal 1. Photo courtesy of the Bureau of Customs. The Bureau of Customs...
PH projects $2.6B in aerospace exports by 2022
Jun. 11 | The Philippine aerospace industry is poised to achieve its export revenue goal of up to US$2.573 billion by 2022 and be recognized as a reputable partner in aircraft maintenance, repair, and overhaul (MRO) operations, and aerospace parts manufacturing...
PH exports fall for third straight month in April
Jun. 11 | Despite the continued drop in exports, Philippine total merchandise trade still rose 8.8% to US$13.84 billion in April 2018 on the back of growth in imports, up from $12.73 billion recorded during the same month in 2017. The April 2018 trade growth was...
