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Institution building is the key - BusinessWorld Online

Institution building is the key - BusinessWorld Online
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

BOC earns P237 million in auction of overstaying containers

(File photo) MANILA - The Bureau of Customs (BOC) has collected over PHP237 million through the public auction of "overstaying" containers in all ports nationwide during the first eight months of the year. In a statement Thursday, the bureau reported that from January to August 2022, a total of 318 "overstaying" containers were disposed of by the ports which generated total revenue of PHP237,379,455. Meanwhile, 519 containers have been condemned while 56 containers were donated to various government agencies. This is in line with the directive of Commissioner Yogi Filemon Ruiz, to all the ports to expedite the disposition of all forfeited and abandoned goods through the modes provided under the Customs Modernization and Tariff Act (CMTA). The BOC-Port of Manila (POM) and the Asian Terminals Inc. (ATI) together with the Association of International Shipping Lines (AISL) continuously implement the Empty Loadout Shipping Agreement (ELSA). Under the ELSA, vessels docked

Customs ramps up release of abandoned goods

Customs ramps up release of abandoned goods
philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.

4 men convicted of smuggling rice, cigarettes

A Bataan court has convicted four people who were caught transporting smuggled rice and cigarettes in Orion town last year, the Bureau of Customs (BOC) disclosed on Saturday, Sept. 10. BOC Acting Commissioner Yogi Filemon Ruiz said the four rice smugglers were sentenced to a maximum of four years

AMLC sets up coordination center at BOC-NAIA vs money laundering

The Anti-Money Laundering Council (AMLC) has set up a coordination center at the Bureau of Customs office at the Ninoy Aquino International Airport (NAIA) as part of the efforts to fight money laundering and terrorism financing. BOC acting Commissioner Yogi Filemon Ruiz said another coordination c

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