Finance Secretary Carlos Dominguez III commended the Bureau of Customs on its anniversary celebration last Tuesday. The bureau performed “extremely well” in 2020, he said, despite the difficulties arising from the COVID-19 pandemic. The bureau has long suffered from a reputation as historically...
The Bureau of Customs vowed on Wednesday, February 10, for a swift release of the coronavirus disease (COVID-19) vaccine shipment once it arrives in the country. The Bureau of Customs-Port of NAIA participated in a full-scale simulation exercise of cold chain logistics and management of COVID-19...
The reimposition of the 40 percent tariff on mechanically deboned meat (MDM) will bring in additional P5.5 billion revenues to the country, but will only mean minimal increase in prices for consumers, according to Samahang Industriya ng Agrikultura (SINAG). SINAG made this case as it formally...
The World Bank has approved a loan to the Philippines to improve its customs administration, reduce transaction costs as well as enhance predictability and transparency of the clearance process at the country’s borders. In a statement, the Washington-based financial institution said it...
After 9 months to Sept. The national government’s budget deficit slid in September this year as both revenues and spending contracted during the month, data from the Bureau of the Treasury showed. The Duterte administration incurred a P138.5 billion fiscal gap last month, down by 22 percent...
Despite declining volumes amid the global economic slump, revenues from rice imports surpassed the government’s full-year target in the first nine-months of the year, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the Bureau of Customs...
The national government’s two main tax agencies exceeded their revised collection target in the first eight-months of the year, but remained lower than last year’s performance, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the Bureau of Internal Revenue...
The national government posted a significantly wider budget deficit last month despite the Duterte administration's almost flat spending due to dwindling revenues amid the pandemic, data from the Bureau of the Treasury showed. Official data showed the national government’s fiscal gap swelled by...
The Bureau of Customs further stepped up its campaign against rice smuggling even amid the coronavirus pandemic by conducting raids on warehouses suspected of storing illegally imported stocks of the grain in response to reports by concerned citizens. Customs Commissioner Rey Leonardo...
The Duterte administration may borrow less than programmed for the rest of the year should the government’s two main tax agencies continue to exceed their downscaled collection targets, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) While...
The national government’s two main tax agencies have exceeded their reduced collections targets in the first eight-months of the year, but still lower than their performance in the same period last year, the Department of Finance (DOF) said. Based on the preliminary data submitted to the DOF, the...
