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Posts tagged with "Department of Finance"

BOC misses collection target from Jan to May

BOC misses collection target from Jan to May

Jun. 20 | Image courtesy of sattva at FreeDigitalPhotos.net The Bureau of Customs (BOC) collected P210.18 billion from January to May, 16.5% less than the P251.71 billion it took in year-on-year, and 1.56% short of the P213.51-billion target for the five-month...

PH, Japan ink P75.5B loan deal for Visayas, Mindanao infra projects

PH, Japan ink P75.5B loan deal for Visayas, Mindanao infra projects

Jun. 16 | Philippine Finance Secretary Carlos Dominguez III (standing, left) and Japan International Cooperation Agency Chief Representative Eigo Azukizawa on June 16 signed the loan agreements totalling P75.5 billion at the Department of Finance Building in Manila...

COVID-19 pulls down BOC revenues by 7.29% from Jan to April

COVID-19 pulls down BOC revenues by 7.29% from Jan to April

May. 20 | Bureau of Customs Port of Manila building. Photo courtesy of World Customs Organization. Revenues collected by the Bureau of Customs (BOC) from January to April 2020 dropped 7.29% to P179.44 billion from P193.55 billion year-on-year. Preliminary data...

BBB, food production and logistics crucial to restarting recovery–DOF

BBB, food production and logistics crucial to restarting recovery–DOF

May. 14 | Inter-Agency Task Force on the Emerging Infectious Diseases meeting on May 11, 2020 presided by President Rodrigo Duterte. Accelerated implementation of the Build, Build, Build infrastructure program and scaling up of food production and its logistics...

Vietnam to resume rice exports to PH

Vietnam to resume rice exports to PH

May. 11 | The government of Vietnam has reassured the Philippines of its commitment to resume rice exports beginning May 1, according to the Department of Finance (DOF). DOF said this is in fulfillment of the earlier consensus reached by the Association of South...

Supplies, raw materials for medical products exempt from import duties

Supplies, raw materials for medical products exempt from import duties

Apr. 7 | Trade secretary Ramon Lopez (left) and Finance secretary Carlos Dominguez III Imports of critical equipment, supplies and raw materials needed to produce medical products is exempt from import duties, taxes and fees, according to a new joint memorandum...

Amid unusual forex influx, BOC ordered to closely coordinate with AMLC

Amid unusual forex influx, BOC ordered to closely coordinate with AMLC

Mar. 2 | Customs desk at NAIA. Photo courtesy of BOC-NAIA. Finance Secretary Carlos Dominguez III has directed the Bureau of Customs (BOC) to closely coordinate with the Anti-Money Laundering Council (AMLC) in investigating attempts by suspected syndicates to...

Duties from rice imports hit P1.71B

Duties from rice imports hit P1.71B

Feb. 25 | The Bureau of Customs (BOC) has collected P1.71 billion in duties from rice imports by private traders under Republic Act (RA) No. 11203 or the Rice Tariffication Law (RTL) from January 1 to February 14 this year, down by 23.1% from P2.22 billion in the...

Customs brokers seek clarity over confusing goods declaration lodgement period

Customs brokers seek clarity over confusing goods declaration lodgement period

Feb. 24 | The Chamber of Customs Brokers, Inc. (CCBI) is asking the Department of Finance (DOF) to clear up conflicting Bureau of Customs (BOC) orders regarding the period of lodgement of goods declaration. In a letter to Finance Secretary Carlos Dominguez III...

ASEAN Single Window to allow exchange of other trade documents

ASEAN Single Window to allow exchange of other trade documents

Jan. 28 | Senior economic officials and chairs of sectoral bodies of the ASEAN Economic Community pillar during the recent 10th Meeting of the Committee of the Whole in Hanoi, Vietnam Three more types of trade documents—electronic phytosanitary certificate, electronic...