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Philippines increases tax ceiling from P30,000 to P82,000

MANILA: President Benigno has signed bill that increases the tax exemption cap for bonuses. The new law amends Section 32 of the National Internal Revenue Code of 1997 to raise the tax ceiling from P30,000 to P82,000. The measure was approved by the Senate in November 2014 while the House of Representatives approved its own version last September. Marikina City ... Read More »

Philippines Customs seizes a shipment with 33,000 pieces of smuggled goods

MANILA:  The Bureau of Customs (BOC), on Thursday, seizes the shipment contained over 33,000 pieces of assorted goods with infringing trademarks like Nike bags, pouch bags and wristwatches; Adidas and Nike children’s bags; Sanrio bags; Gucci wristwatches and ladies bags; Swatch, Puma and Calvin Klein wristwatches; Longchamp ladies bags; Sony headsets; and Oakley pouch bags. Facing a complaint for violation ... Read More »

Indonesia, Philippines start joint fight against drug trafficking

MANILA: Indonesia and Philippines have signed an agreement to share intelligence resources to more effectively combat drug trafficking.  Joko’s government recently executed six convicted drug smugglers and is preparing to execute 11 more – among them foreigners. In a memorandum of understanding signed during Indonesian President Joko Widodo’s first state visit to the Philippines, the anti-narcotics agencies of the two ... Read More »

Philippines customs seizes rice, sugar, garlic at Mindanao Port

MANILA: The Philippines Bureau of Customs said it seized around P140-million worth of agricultural products such as rice, sugar and garlic, at the Mindanao Container Terminal. The smuggled goods entered Mindanao through several shipments from China and Vietnam, consigned to EC Peninsula and New Dawn Enterprises. The two companies had previously been charged with smuggling raps by the BOC before ... Read More »

Exporters seek probe in flour smuggling claim

MANILA: A group representing Turkish flour exporters, the Turkish Flour Yeast & Ingredients Promotions Group (TYFI), has requested the government to conduct an investigation on claims that Turkish flour has been smuggled into the country. In a statement, TYFI chairman Turgay Unlu said the claim made by the Philippine Association of Flour Millers, Inc. (PAFMIL) that Turkish Flour is being ... Read More »

Philippine’s counterfeit goods smuggling rise 70% reach P13.32 billion in 2014

MANILA:  The value of counterfeit and pirated products seized by the National Committee on Intellectual Property Rights hit a record high P13.32 billion last year on the back of the increased efforts of the agency’s member institutions to curb piracy. This was 70 percent higher than the P7.86 billion worth of goods seized in 2013, the Intellectual Property Office of ... Read More »

Philippines starts road shows in Singapore to get assistance for 11 major infrastructure projects

MANILA: In order to stimulate support from foreign companies to invest in 11 major infrastructure projects worth P280 billion under the government’s public private partnership (PPP) program, the Philippines government has started a series of International road shows in Singapore. PPP executive director Cosette Canilao showcased the PPP projects during the Philippines – Singapore Business Council Forum held in Singapore ... Read More »

Philippine tax agency files tax evasion complaints against CashCashPinoy, Ensogo

MANILA:The Philippines’ Bureau of Internal Revenue (BIR) filed before the Justice Department today tax evasion complaints against daily deals sites CashCashPinoy and Ensogo. CashCashPinoy denied the allegations in a statement posted on its website. Ensogo’s shareholders, in the meantime, said they will reach out to the BIR to clarify the issue, as well as the company’s previous owners “who may ... Read More »

S$15b bilateral trade: Singaporean businesses urged to increase investment in Philippines

SINGAPORE: At a Philippines-Singapore Business Council Forum, the businesses in Singapore have been recommended to invest in Philippines because of the growing economy of the country. The Philippines-Singapore Business Council Forum was held on Wednesday. It is an annual event co-organized by the Singapore Business Federation and Makati Business Club. Bilateral trade between the Philippines and Singapore hit S$15 billion ... Read More »

Port of Melbourne’s complete ownership handed over to Philippines’ ICTSI

MANILA: ICTSI, which is the Philippines’ biggest private port operator has become the sole owner of the company that runs the container terminals in Melbourne, Australia. In a disclosure to the Philippine Stock Exchange, International Container Terminal Services Inc (ICTSI) said a share sale agreement between ICTSI Far East Pte Ltd and Anglo Ports Pty Ltd takes effect today. The ... Read More »

Manila Airport Authority’s new access pass limits NAIA personnel’s access

New airport access pass limits movements of NAIA Immigration, Customs personnel MANILA: As Manila International Airport Authority (MIAA) has released their 2015 Access Pass that has imposed limits on the access of Bureau of Customs and Immigration personnel’s access to only their immediate area of operations (in the so-called Red Zone), the customs personnel is not happy at the Ninoy ... Read More »

Philippines woman smuggler to face death penalty in Indonesia 

JAKARTA: “The Department of Foreign Affairs (DFA) revealed that the Philippine government is trying to prevent the execution of a Filipino woman, who faces death by firing squad in Indonesia for drug smuggling,” officials said here the other day. The report noted: “Foreign Affairs officials said the woman — whose name was not disclosed — was arrested at Yogyakarta airport ... Read More »

Philippines Customs seizes P400 million worth high-grade meth from Hong Kong

HONG KONG: The Bureau of Customs (BOC) and the Philippine Drug Enforcement Agency have seized P400 million worth of high-grade methamphetamine hydrochloride or “shabu” from Hong Kong here the other day. In an e-mailed statement, the BoC said it seized 40 kilograms of high-grade shabu that was consigned to a certain Danilo Pineda. Authorities arrested Pineda after he claimed the ... Read More »

Philippine seizes $140 million worth of drugs in 2014

MANILA: The government has seized P6.3 billion ($142.75 million) worth of illegal drugs in 2014, 16.7 percent higher than the previous year, a senior government official said. The increase in illegal drugs’ confiscation was due to successful anti-drug operations by the different law enforcement agencies, said Philippine Drug Enforcement Agency (PDEA) Director General Arturo Cacdac Jr. “Among the pieces of ... Read More »

Surpassing target by P582.496 million: Port of Cebu collects total of 13.079b in 2014

MANILA: The Bureau of Customs (BOC) Port of Cebu collected a total of P13.079 billion last year surpassing the target of the Department of Finance (DOF). The finance department set a target collection of P12.497 billion but the BOC collected P582.496 million more. Cebu Deputy District Collector for Assessment Conrado Abarintos said that the port collected P3.269 billion in the ... Read More »

Shell refinery project delays at Manila Port, $100m-150m invested in 2014

MANILA: Shell refinery upgrade project has been delayed due to congestion of Manila port. This project started in 2014 with an investment of $100m-150m and has planned to complete in 2015. Shell will be delayed by one quarter because equipment cannot be released immediately. Shell Philippines Chief Ed Chua said the collapse of a Batangas bridge is making it worse ... Read More »

Manila NBI arrests three, rescues 8 minors

MANILA: Two suspected pimps were arrested by agents of the National Bureau of Investigation (NBI) during an operation held in Quezon City, at least 8 minors were rescued. Both Evelyn Tañega and James Mercado are now facing violations for anti-human trafficking law.  Initial reports said that NBI operatives posed as customers and were able to transact with the suspects for ... Read More »

Philippines’ Manila port suffers biggest deficit of P25.32b

MANILA: Manila ports under district collector Mario Mendoza suffered the biggest deficit of P25.32 billion. All collection districts of the Bureau of Customs (BOC) in Metro Manila had failed to meet its full-year revenue targets in 2014, initial records from the agency showed. POM collected P60.11 billion or a deviation of 29.6 percent versus its revenue goal of P85.43 billion ... Read More »

Philippines customs seizes 6,000 sacks of smuggled rice

MANILA: Philippine customs seized 6,000 sacks of smuggled rice from a private port in Tungawan, Zamboanga, Sibugay around 2 a.m. Monday. According to the Information Office of the BOC, the sacks of rice was inside M/L Tawi Tawi Princess. Each sack contains 25 kilos of rice. Authorities believed that the rice came from Malaysia and entered the country via Sulu.Investigation ... Read More »

Pilipinas Shell Petroleum to lower gas products by 1.25% per liter

MANILA: All six companies of Pilipinas Shell Petroleum Corp. will lower gas products by 1.25 percent  per liter, while noting a decrease on its various diesel brands by P1.45 per liter. Moreover, the companies said their kerosene product’s prices will fall by P1.25 per liter.All companies, except Phoenix Petroleum, will implement the price movements at 12:01 a.m. on Jan 19. ... Read More »