Tag: BOC

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Overstaying cargo seen as root of port congestion 

The country's persistent port congestion stems less from empty containers than from thousands of overstaying laden boxes occupying valuable terminal space, according to the Association of International Shipping Lines (AISL), which is urging faster action from the Bureau of Customs (BOC).

PCCI warns NAIA cargo delays threaten electronics competitiveness

The Philippine Chamber of Commerce and Industry (PCCI) has sounded the alarm over worsening cargo congestion at Ninoy Aquino International Airport (NAIA), warning that prolonged delays could undermine the competitiveness of the country’s largest export industry.

Exporters seek BOC rules as trade losses mount

Philippine exporters are calling on the Bureau of Customs (BOC) to establish clear rules governing returned export shipments, warning that policy gaps are compounding losses from ongoing disruptions in Middle East and European trade routes.

BOC-ICTSI coordination set to speed up trade flows

Early coordination between the Bureau of Customs (BOC) and International Container Terminal Services, Inc. (ICTSI) is expected to significantly improve trade efficiency as the South Luzon Container Terminal (SLCT) moves closer to completion, signaling a more integrated approach to port development and customs operations in the Philippines.

BOC tightens grip on abandoned perishables cargo

The Bureau of Customs is stepping up enforcement against abandoned and aging perishable shipments, warning importers that and consignees to immediately settle duties, complete requirements, and withdraw cargo or face delinquency proceedings.

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KinoFest 2026 German film festival debuts in Manila Oct 15–18

Manila will host KinoFest 2026 — The German Film Festival for the first time October 15–18 at GH Ortigas Cinema, Greenhills Mall. This marks the event’s fifth edition, bringing free, first-come, first-served screenings to Filipino viewers.

Corruption, inflation drain P2.75T from economy

Corruption and inflation may have cost the Philippine economy an estimated P2.75 trillion over the 12 months to the second quarter of 2026, Senate President Sherwin Gatchalian said Thursday, as lawmakers launched an inquiry into the country’s slowing growth and weakening investment.

BSP concludes 2026 Financial Literacy Series in Legazpi, directing focus toward habits of youth and regulators 

The Bangko Sentral ng Pilipinas (BSP) wrapped up its annual Economic and Financial Learning Program in Legazpi City this week, delivering two days of practical financial education to over 2,400 students and teachers while signaling a broader policy shift toward long-term behavioral change in financial inclusion.

₱9.7 billion activated to tackle El Niño threat, high fuel prices

The Department of Agriculture confirmed Thursday it may use P9.7 billion in Special Allotment Release Orders to support farmers and fisherfolk facing rising fuel prices and the expected severe effects of El Niño.

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