Tag: BOC

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BOC extends importer accreditation, cuts fees to boost trade

Trade & Investments Context.ph Context.ph -
The Bureau of Customs (BOC) has extended importer accreditation validity from one year to three years while reducing associated fees, a move designed to streamline procedures, cut red tape, and sustain the steady flow of goods into the country.

Customs collections top Q1 target, hit P239B 

Economy Context.ph Context.ph -
The Bureau of Customs (BOC) raised P239.05 billion in revenues in the first quarter, beating its internal goal by 1.3 percent and higher by 3.3 percent from a year earlier, according to preliminary data.

BOC reforms ease trade, boost exporter growth

Trade & Investments Context.ph Context.ph -
The Bureau of Customs (BOC) is rolling out reforms aimed at helping Philippine exporters navigate current challenges while positioning them for sustained long-term growth, the Export Development Council (EDC) said Sunday, April 5.

US flags graft, barriers at Philippine customs

Trade & Investments Context.ph Context.ph -
Bribery, corruption, and persistent trade barriers at the Bureau of Customs (BOC) have been flagged by the United States Trade Representative (USTR) in its latest National Trade Estimate (NTE) report released March 31.

BOC, DTI seize P1.4B illicit vapes

Education, Health & Science Context.ph Context.ph -
Authorities have confiscated up to P1.4 billion worth of illicit vaporized nicotine products in a warehouse raid in Navotas City, marking one of the largest recent enforcement actions against the country’s underground vape trade.
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DA backs extending P50/Kilo price cap on imported rice

Agriculture 0
The Department of Agriculture (DA) pushing the extension of the government’s P50-per-kilo maximum suggested retail price (MSRP) for 5 percent broken imported rice beyond its June 30 expiry, a move meant to keep the country’s staple food affordable amid lingering food inflation concern.

ACEN invests P1.15B in subsidiary for renewable energy projects

Energy & Mining 0
ACEN Corp., the energy arm of the Ayala Group, has signed a subscription agreement worth P1.15 billion with fully owned subsidiary Giga Ace 8 Inc. The investment covers common and preferred shares issued from Giga Ace 8’s unissued capital stock.

Strait of Hormuz blockade rings alarm bells for economy

Economy 0
Energy and agriculture leaders warn of significant risks to fuel supply, prices, and food security after Iran announced it is closing the Strait of Hormuz, and threatening to fire on any vessel attempting to transit. This development follows reported attacks by the United States against Iran, according to a Reuters report.

Philippines, Sweden forge new growth partnerships

Trade & Investments 0
The Philippines and Sweden are exploring deeper economic cooperation...

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