Tag: BOC

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Customs collections top Q1 target, hit P239B 

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

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

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

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.

Ports, proximity shape Philippines’ diverging trade flows

The Bureau of Customs’ 2025 lists of top importers at the Port of Batangas and the Manila International Container Port (MICP) reveal more than a split in economic roles—they show how location dictates the direction, speed, and cost of trade.

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Monde Nissin trims capex, targets premium noodle market growth

Monde Nissin Corp. has reduced its 2026 capital expenditure budget to P5.4 billion from about P6.5 billion, prioritizing a new biscuit manufacturing plant in Northern Luzon as it navigates softer noodle volumes and intensifying competition from premium imports.

ERC issues show cause orders against power firms over excessive unplanned outages

The Energy Regulatory Commission (ERC) has stepped up its drive to keep electricity supply steady, issuing 24 show cause orders to 13 power generation companies whose facilities repeatedly went offline beyond allowed limits. Released on October 14, 2026, these orders require the firms to submit verified explanations on why their units exceeded the allowable equivalent unplanned outage limits set under existing reliability rules.

AyalaLand Logistics 3Q income trims Jan-Sep net profit decline

AyalaLand Logistics Holdings Corp. (ALLHC), the industrial property and logistics unit of Ayala Land Inc., reported a 9 percent decline in nine-month net income to P73 million, as weaker industrial lot sales and softer commercial leasing offset stronger warehouse and cold storage revenues.

Quorn turnaround boosts Monde Nissin earnings, dividend payout

Monde Nissin Corp. returned its struggling Quorn meat-free protein business to operating profitability in the first nine months of 2026, helping lift group earnings and giving the food manufacturer room to raise its cash dividend.

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