Philippines
Philippines BOC seizes non-duty paid cigarettes worth P15m
MANILA: The Bureau of Customs in Region 10 (BOC-10) has seized P15 million worth of cigarettes illegally imported from Singapore....
PAGCOR set $1.3b revenue target for year 2017
MANILA: Philippine Amusement and Gaming Corporation (PAGCOR) chairman Andrea Domingo has painted a rosy picture of the country’s gambling industry,...
Philippines wants to abolish VAT to counter tax leakage
MANILA: The leader of the House of Representatives is keen on replacing the value-added tax (VAT) with the goods and...
Philippines BOC seizes used clothing in raids
MANILA: Tons of used clothing, popularly known as ‘ukay-ukay’, worth millions of pesos and fake high-end goods have been recovered...
Japan wants to import 20m boxes of bananas from the Philippines
MANILA: The government of Japan is interested in importing Cavendish bananas from the Philippines, provided that it comes from the...
Philippines remittances rises 13.5% in January
MANILA: Money sent home monthly by overseas Filipinos workers (OFWs) in January grew sharply year-on-year, marked by notable annual increases...
Philippines’ PETRON Corp. net income increase 73% in 2016
MANILA: PETRON Corp. reported its consolidated net income hit P10.8 billion in 2016, a 73 percent increase from the P6.3...
Philippines’ oil imports decline 13.5% in 2016
MANILA: A decline in import costs of crude and petroleum products allowed Philippines to have a lower oil import bill...
Philippines’ trade deficit widens month-on-month, shrinks Y-o-Y
MANILA: The Philippines’ trade deficit narrowed in January from a year earlier, but continued to widen month-on-month as inbound shipment...
Philippines Jan. exports rise at fastest pace in 3 years
MANILA: Exports from the Philippines grew at their fastest clip in three years in January as shipments of electronics took...
Philippines’ NFA mulls import of rice as buffer stock
MANILA: Philippines’ state-run National Food Authority (NFA) is mulling the importation of around 800,000 metric tons (MT) of rice via...
Philippines’ inflation rises to 3.3% in February
MANILA: Philippines’ inflation rose in February due to a much heavier food basket, hitting a 27-month high, according to the...
Philippines to ban raw minerals, encourage domestic processing
MANILA: The Philippines may consider banning exports of raw minerals to encourage domestic processing and boost the value of shipments,...
Philippines tagged as major money laundering hub by US
MANILA: In a report provided by the US State Department, the Philippines is tagged as a major hub for money...
Philippines Customs seizes goods worth P200m
MANILA: The Bureau of Customs (BOC) seized some P200 million worth of counterfeit apparel and other products in simultaneous raids...
Philippines Bureau of Customs seizes fake cigarettes worth P2b
MANILA: Philippines Bureau of Customs (BOC) agents seized P2 billion worth of fake cigarettes in five warehouses at the San...
South Korea raises its demand for Philippines’ banana
SEOUL: South Korea will import more Cavendish bananas from the Philippines this year to satisfy the increasing demand of Korean...
Philippines SSS reports 8.34% increase in revenue
MANILA: The state-run Social Security System (SSS) reported that its revenues jumped to PHP160 billion as of the end of...
Chinese Ambassador vows to balance trade with Philippines
MANILA: Chinese Ambassador to the Philippines Zhao Jianhua vowed to balance trade and investments with the Philippines. During the Philippine-China...
Philippines lawmakers call for inquiry into WTO policies
MANILA: Lawmakers filed two resolutions calling for an inquiry into the impact of World Trade Organization (WTO) policies and programs...
