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Saturday, 19 April 2025, 9:15 pm

    Tag: Bureau of Customs

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    DA inspects misdeclared frozen fish

    Context Dispatch Context.ph Context.ph -
    Agriculture Secretary Francisco P. Tiu Laurel Jr. led an inspection on Monday of one-and-a-half dozen container vans suspected of being loaded with hundreds of tons of frozen fish, but was declared by importers as processed plant-based commodities. A earlier spot check conducted by the Department of Agriculture's Bureau of Plant Industry and the Bureau of Customs on two of the 19 40-foot container vans revealed boxes of frozen mackerels locally known as tamban, and frozen round scad-locally known as galunggong rather than the frozen fried taro sticks, sweet potato balls, and assorted food products from China, as declared in the shipping manifest.

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    Meralco rejects DOE claim vs its delayed power supply deal

    Energy 0
    The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”

    Metro Retail’s 2024 profit dips despite sales growth, expansion push

    Corporate 0
    Metro Retail Stores Group Inc. (MRSGI), the Gaisano family’s retail arm, reported a slight 1 percent decline in net income to ₱609.42 million in 2024 from ₱618.02 million a year earlier, as rising sales were tempered by tighter margins and strategic shifts in business mix.

    DoubleDragon acquiring control of MerryMart in P1.28-B deal

    Corporate 0
    DoubleDragon Corp. is acquiring the 35 percent stake of Injap Investments Inc. in grocery chain operator MerryMart Consumer Corp. for P1.28 billion, marking a strategic move that aligns with its ongoing transformation into a diversified investment holding company.

    SEC-SM tandem launches videos vs scams

    Social Responsibility & Sustainability 0
    The Securities and Exchange Commission (SEC), in partnership with BDO Foundation, has unveiled new investor protection materials aimed at safeguarding the public from financial investment scams.

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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Energy

    Meralco rejects DOE claim vs its delayed power supply deal

    0
    The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”
    Corporate

    Metro Retail’s 2024 profit dips despite sales growth, expansion push

    0
    Metro Retail Stores Group Inc. (MRSGI), the Gaisano family’s retail arm, reported a slight 1 percent decline in net income to ₱609.42 million in 2024 from ₱618.02 million a year earlier, as rising sales were tempered by tighter margins and strategic shifts in business mix.
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