The Bureau of Customs (BOC) is preparing to file economic sabotage charges against the importer behind the recently seized P202-million worth of misdeclared frozen mackerel at the Port of Manila.
Agriculture secretary Francisco Tiu Laurel Jr. on Monday led an inspection of shipments at the Manila South Harbor and laid bare long suspected fish smuggling operations. The inspection revealed that 19 container vans, initially declared as processed plant-based commodities like taro sticks and sweet potato balls, were actually loaded with frozen mackerel and galunggong or scad.
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.
Inflation in the Philippines likely increased in March, driven mainly by rising global energy prices linked to tensions in the Middle East, according to Moody’s Analytics.
The Department of Trade and Industry on Monday launched a P4-billion MSME Business Fund to help small enterprises weather global uncertainties, including the ongoing Middle East crisis.
CIMB Bank Philippines has introduced CIMB Prime, a new premium banking segment offering higher interest rates, reduced fees, and priority customer service for qualified clients.