Tag: Bureau of Customs
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Customs builds P5.47-B cushion as collections hit record
The Bureau of Customs (BOC) collected a record P664.78 billion in the first eight months of 2026, putting the agency P5.47 billion ahead of target and giving the government a revenue cushion as it heads into the final four months of the year.
Philippine budget deficit widens sharply in July
The Philippine government’s budget deficit widened sharply in July as spending surged to support major programs and infrastructure projects, outpacing a modest increase in revenues.
Toyota PH remits P23.66B to customs
Toyota Motor Philippines Corp. (TMP) remitted P23.66 billion in customs duties and taxes in the first seven months of 2026, emerging as the biggest revenue contributor to the Bureau of Customs-Port of Batangas (BOC-POB).
Top importers flag BOC clearance, processing delays
Major importers in the Philippines have raised concerns over import clearances, processing delays, and coordination among Bureau of Customs offices, prompting the agency to create a more structured system for resolving operational issues affecting large businesses.
PCCI urges joint order to ease logistics costs, port congestion
The Philippine Chamber of Commerce and Industry is pressing the government to quickly issue a Joint Administrative Order aimed at curbing soaring logistics costs and easing port congestion, warning that delays could further squeeze businesses and consumers as cargo volumes rise later this year.
