US BIZ MISSION. A government-led business mission is currently in Washington D.C. to attract more United States-based companies to invest in the Philippines. Trade Secretary Ramon Lopez met with executives of ENDECGROUP, Inc. and Black and Veatch (top) and FedEx (bottom) to discuss their investment plans in the country. (Photo courtesy of DTI) MANILA - At least two companies based in the United States have expressed their plans to expand in the Philippines, the Department of Trade and Industry (DTI) said. In a statement Thursday, the DTI said its officials led by Secretary Ramon Lopez, Presidential Adviser on Flagship Programs and Projects Vivencio Dizon, and FedEx vice president Ralph Carter met early this week in Washington D.C. to discuss the logistics firm's expansion plans in the Philippines. Carter disclosed that the company targets to commence its expansion plan in Clark, Pampanga soon, expanding its current capacity by five times. The expansion plan aims to make the facilit
MANILA - The Bureau of Customs (BOC) on Monday reported that over 20 criminal cases have been filed before the Department of Justice (DOJ) for violation of Customs and other laws since January 2022. In a statement, the bureau said a total of 22 criminal complaints were filed against 65 importers before the DOJ while administrative charges were filed against six licensed customs brokers before the Professional Regulation Commission. The most recent cases that have been filed involved two importers and licensed customs brokers, who were not identified, for the importation of alleged smuggled cigarettes and assorted goods amounting to over PHP32.2 million. The Bureau's Action Team Against Smugglers (BATAS), Port of Cagayan de Oro, and Port of Subic, filed the cases against UHE Trading and Jack Electronic Metal Inc. for alleged misdeclaration. The case against UHE Trading was due to the alleged misdeclaration and unlawful importation of 950 cartons of cigarettes worth PHP32.2 million f
THE Bureau of Customs (BOC) raised P80.76 million from a public auction in the first quarter of this year of overstaying containers. In a statement last Monday, the bureau said the proceeds came from its auction of nearly a third or 96 out of 304 overstaying containers that contained an…
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THE Bureau of Customs formally started imposing anti-dumping duties on certain Vietnam cement imports that the agency said is flooding the Philippine market and being sold at much lower prices. The Customs bureau released Customs Memorandum Order (CMO) 38-2021, which imposes provisional anti-dumping duties for Ordinary Portland Cement Type 1…