27 January 2010

SBMA to put up P300M customs facility

The Subic Bay Metropolitan Authority (SBMA) is spending P300 million for the centralization of its customs operations, according to administrator Armand C. Arreza.

Arreza said the project is mostly funded by the Japan Bank for International Cooperation but needs a P90 million to P100 million counterpart financing from the government.

Arreza said the 10-hectare site, near the entrance of the main gate of the Subic Bay freeport will house the offices, warehousing, x-ray facilities and inspection area.

With all of these under one site, Arreza is hoping for a more efficient collection.

Right now, the customs offices are in makeshift huts.

The Bureau of Customs in Subic posted cash collections of about P3.85 billion from January to November 2009. Aside from cash collections, the Subic Customs office also recorded some P2.78 billion in non office cash earnings which are mostly composed of government to government transactions.

However, the BoC is still short by about P71.36 million in its collections for 2009 in order to attain its full-year target.

The agency has set a P3.92 billion goal for the January-November period, but has thus far collected only P3.85 billion. (Malaya)