Prior to its seizure of over Php42million worth of illegally imported rice from Vietnam at the Port of Subic, the Bureau of Customs (BOC), made its biggest smuggled rice haul when the same Port issued a decree of forfeiture against 420,000 bags of illegally imported rice from India worth Php500 million at the same port.Read More
The Bureau of Customs (BOC)-RATS Program in its all-out war on smuggling has once again caused the filing of criminal complaints before the Department of Justice (DOJ) against a trader and two (2) customs brokers for the unlawful importation of milk and cooking oil valued at 12 million and 9 million, respectively.Read More
17 July 2012, Manila, Philippines: The January to June fiscal deficit of the National Government reached P34.482 billion, P74.859 billionÂ Â lower than the programmed ceiling of P109.341 billion.Â Â The National Government registered a deficit in June amounting to P11.696 billion.Read More
Revenues post double-digit growth of 11.6% as of June
THE GOVERNMENT maintains ample fiscal space for continued government investments to boost growth, as first semester fiscal deficit is lower by P74.859 billion than program, Treasury data showed.
The Privatization and Management Office will finally hold the public bidding for the sale of the 74-hectare Food Terminal Inc. parcel at the PMO main office on August 8, which aims to generate a surge in economic activity in the area, improve transportation linkages and boost employment opportunities.Read More