Connect with us

Hi, what are you looking for?


BoC beats Nov. collection target by over 13%


THE Bureau of Customs (BoC) collected P58.79 billion in revenue in November, exceeding its target by 13.39% as import volumes increased.

The BoC in a statement Wednesday said that 12 out of 17 collection districts exceeded their targets for the month.

In the year to date, the BoC collected P584.16 billion, equivalent to 94.7% of the 2021 collection target of P616.75 billion.

“The observed recovery in collection performance is attributed to several factors, including the improvement in volume of imports,” the BoC said.

Other factors contributing to growth include improved valuations, the gradual improvement of the economy as borders and businesses reopen, and government efforts to ease the movement of goods, the BoC added.

Collection districts that exceeded their targets were the Ports of San Fernando, Manila International Container Port, Ninoy Aquino International Airport, Batangas, Legaspi, Iloilo, Tacloban, Zamboanga, Davao, Subic, Clark, and Limay.

The BoC has been consistently beating its monthly collection targets since January.

Customs Commissioner Rey Leonardo B. Guerrero in a House Public Accounts Committee hearing last week said he is confident the bureau will hit its full-year collection goal set by the Development Budget Coordination Committee.

BoC collections declined by 14% to P537 billion last year due to the slowdown in international trade. — Jenina P. Ibanez

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



A market vendor arranges assorted vegetables inside the Quinta Market in Manila, Sept. 19. Vegetable prices continued to rise in November. — PHILIPPINE STAR/...


More policemen are deployed in Divisoria, Manila as the shopping area is expected to draw bigger crowds ahead of the holidays, Dec. 1. —...


PHILIPPINE STAR/ RUSSELL PALMA By Arjay L. Balinbin, Senior Reporter A PROPOSED MEASURE seeks to require National Economic and Development Authority (NEDA) Board approval...


BW FILE PHOTO THE MANAGEMENT ASSOCIATION of the Philippines (MAP) is seeking the creation of a public-private sector advisory council for various sectors, in...


UNSPLASH THE HOLIDAYS shouldn’t be used as an excuse to binge-eat, warned a dietitian.  Christmas is just around the corner and with it comes...


MANILA Electric Co. (Meralco) has secured a certificate of exemption from the Department of Energy (DoE) from the competitive selection process (CSP) for the...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.