In its continuous effort to rid itself of scalawags in its ranks, the Bureau of Customs (BOC) led an entrapment operation against one of its employees who’s trying to extort money from two student-trainees of a brokerage firm.
Read MoreFor the month of October 2014, the BIR collected Php101.8 billion in tax revenues, Php6.2 billion or 6.5% more than collections made in October 2013.
Read MorePhilippines set to steer international efforts to address base erosion and profit shifting
“Headline inflation rate has decelerated to 4.3% in October 2014. This represents a decline by 0.1 percentage point from the 4.4% rate of the previous month. The three-month moving averages over the past three months shows a more or less declining trend in inflation rate. Meanwhile, core inflation, which excludes certain key energy and food items, has likewise decelerated to 3.2% in October. Its three-month moving average rate, however, has stood at 3.3%, the same level as it had in September but greater than the 3.1% it had in August.”
Read MoreThe Bureau of Customs (BOC) filed smuggling-related complaints against the owner of Medaglia De Oro Trading and nine Licensed Customs Brokers for importing rice without the required import permit from the National Food Authority (NFA). The move is part of the agency’s drive to thwart the illegal entry of imported rice into the country.
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