In a major blow to international drug smuggling, the Bureau of Customs (BOC) announced Wednesday that it had intercepted an estimated ₱101 million worth of marijuana concealed in balikbayan boxes from Thailand at the Manila International Container Port (MICP).
The seizure was the result of a targeted operation by the Customs Intelligence and Investigation Service (CIIS), which acted on reports indicating the shipment could contain illegal drugs and misdeclared items.
The Bureau of Customs (BOC) and Commissioner Bienvenido Y. Rubio received the Gawad Bayanihan sa Pamumuhunan award for streamlining customs processes and enhancing the...
The Bureau of Customs (BOC) on Monday announced the seizure of P29 million worth of suspected marijuana and kush oil concealed in balikbayan boxes at the Manila International Container Port (MICP). The boxes, which arrived from Canada, were declared to contain used household goods and personal effects, and consigned to a residence in General Trias, Cavite. Customs Commissioner Bien Rubio condemned the use of balikbayan boxes for smuggling illegal drugs, emphasizing how it tarnishes a Filipino tradition of sending gifts to loved ones abroad. "Using them for something illegal is an insult to our hardworking OFWs and their families," Rubio remarked.
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.
The financial regulators and market institutions on Friday announced that peso-denominated government bonds will transition to the international bond pricing convention for settlement purposes starting January 4, 2027. All relevant regulations and backend systems are scheduled to be fully operational before the end of 2026.
Philippine merchandise exports could hit a record USD100 billion in 2026, up from about USD84 billion last year, as surging electronics shipments and a possible mineral export recovery offset risks from US tariff policies.
The Philippine Chamber of Commerce and Industry (PCCI) remains cautiously optimistic about business prospects despite rising costs, governance concerns and political controversies, urging the government to restore investor confidence and accelerate reforms.
SMX Convention Center has secured its third consecutive Philippines’ Best Convention & Exhibition Center title at the 35th TTG Travel Awards, as parent company SM Hotels and Conventions Corp. (SMHCC) expands its meetings, incentives, conferences and exhibitions (MICE) facilities beyond established business hubs.