Hefty payments by port users in the Subic Bay Freeport resulted to an increase of 46 percent in customs collections in the second quarter of 2018, compared to total collections in the same period last year.
The Bureau of Customs at the Port of Subic (BOC-Subic) reported that it collected a total of P5.27 billion in April to June this year, compared to P3.6 billion in April-June 2017, or a difference of P1.66 billion.
Meanwhile, the 2018 collection figures also increased considerably from P4.8 billion in January-March 2018 to P5.2 billion in April-June 2018, or a difference of P429 million, for a growth rate of 8.85 percent.
Combined figures from the two quarters also gave BOC-Subic a total tax haul of P10.12 billion, which represents a 28.43 percent increase over the 2017 first semester total of P7.88 billion.
BOC-Subic’s newly appointed district collector Segundo Sigmundfreud Z. Barte Jr. attributed the increased collection following his appointment on April 27 to the “full support and cooperation of this Port to the plans and programs of BOC Commissioner Isidro S. Lapeña, and SBMA Chairman and Administrator Wilma T. Eisma.”
Eisma, meanwhile, cited the SBMA’s “long-standing cooperation with Subic Customs in going after those who seek to profit by illegal means” and recalled that joint operations by the SBMA Law Enforcement Department and the BOC-Port of Subic had resulted in the seizure of highly dutiable items like vehicles, wines and liquors, as well as imported rice.
“I’m glad that BOC personnel in Subic are very cooperative with the SBMA in curbing smuggling, as this illegal activity bleeds our economy dry,” Eisma added.
Barte also said that from January to June this year, BOC-Subic posted a total of P6.91 billion in revenue contributions from Subic’s Top 20 port users alone.
The top ten payers are: PTT Philippines Corp. with P1.43 billion, the highest revenue contributor so far this year; Cebu Air, Inc., P921.9 million; Micro Dragon Petroleum, Inc., P663.9 million; Marubeni Philippines, Corp., P456.9 million; RK3 International Trading, Inc., P446.5 million; High Glory Subic Int’l Logistics, Inc., P372.5 million; Warbucks Industries Corp., P341 million; Insular Oil Corp., P314 million; United Auctioneers, Inc., P310.3 million; and Murami Subic Trading Corp., P259.7 million.
The others are: Petron Corporation, with P216.7 million; Filoil Logistics Corp., P177.7; Masinloc Power Partners Co., Ltd, P162.9 million; Era1 Petroleum corp., P145.7 million; Nestle Philippines, Inc., P135.7 million; Rockoil Central Trading Corp., P130.9 million; Phoenix Petroleum Philippines, Inc., P130.9 million; Pilipinas Shell Petroleum, P114.3 million; PMFTC, Inc., P106.9 million; and Apollo Subic Int’l Trading Corp., P67.9 million.
Barte also said that BOC-Subic will prioritize its drive to meet or even surpass targets for the remaining months of July to December this year. He likewise vowed full support to the SBMA thrust of developing Subic into a global player in logistics. (RFD/MPD-SBMA)
PHOTO:
District Collector Segundo Sigmundfreud Z. Barte Jr. tells about growing customs collection in the Subic Bay Freeport during a media briefing organized by the SBMA on Monday. (MPD-SBMA)
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