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Philippines may be forced to allow entry of smuggled rice


Manila: Agriculture Secretary Manny Pinol said the government may be compelled to allow the entry of illegally imported rice in the Tawi-Tawi and Sulu to prevent a shortage of the cereal in the area. According to Pinol, the success of the government efforts to stem smuggling in the two areas in the Southwestern tip of the country had been partly ... Read More »

Duterte watches luxury vehicles destroyed in Philippines smuggling crackdown


More than 60 luxury vehicles and motorcycles were smashed up by a bulldozer in the Philippines’ Cagayan province in compliance with a directive issued by President Rodrigo Duterte to dispose of seized smuggled luxury vehicles. The haul was worth more than £3 million and included a Lamborghini, Porsche, Mercedes Benz and Harley Davidson motorcycle. Duterte, known for his tough anti-crime ... Read More »

BOC acts vs ‘conspiracy’ of 12 in sugar smuggling


Twelve Bureau of Customs (BOC) employees may spend up to 12 years in prison if found guilty of conspiring to smuggle into the country more than P13.5 million worth of sugar. A complaint filed against them in the Department of Justice on Wednesday accused them of conspiring with an importer, Don Trading, to facilitate the release of six sugar shipments ... Read More »

Batanes out of rice; government to distribute smuggled rice


BASCO – The Ivatans, residents of the northernmost region in the country, are running out of rice and food supplies following the spate of bad weather in the area. The National Food Authority (NFA) warehouse here had less than 200 bags of rice left for distribution. At 100 bags consumption a day, the stocks may not last until weekend. The ... Read More »

Chinese linked to P6.4-B smuggled shabu denies bribing BI to leave PH


MANILA, Philippines: Chinese businessman Richard Tan, the alleged forwarder of 604 kilos of shabu shipped from China, denied he had bribed a Bureau of Immigration (BI) official so he can leave the Philippines. “Richard Tan has not bribed any immigration officials supposedly to leave the country,” said Tan’s lawyer Abraham Gutoc in a statement on Saturday. It was a response ... Read More »

House to probe P6.8-billion shabu smuggled from China, Taiwan

Bureau of Customs commissioner Isidro Lapeña and PDEA Director General Aaron Aquino extract the alleged shabu worth P3.4 billion inside steel cases during a press conference at the Manila International Container Port (MICP) in Port Area, Manila on August 7, 2018. Photo by Ben Nabong/Rappler

MANILA, Philippines – The House committee on dangerous drugs is set to conduct an investigation into the P6.8 billion worth of shabu or methamphetamine smuggled into the country from China and Taiwan. The hearing will be held at 10 am on Tuesday, August 14, at the Belmonte Hall of the Batasang Pambansa. Officials from the Philippine Drug Enforcement Agency (PDEA) ... Read More »

Philippine economy slows down to 6% in Q2 2018

Prices of food and basic commodities has been on the rise as seen in a public market in Quezon City.  July inflation projections of 5 percent by the BSP has affected food prices which has been a burden to consumers.  This along with the recent hikes in gasoline, electricity, water and lpg prices this week. August 1, 2018.

MANILA, Philippines: The Philippine economy slowed down to 6% during the 2nd quarter of the year, the Philippine Statistics Authority (PSA) said on Thursday, August 9. The gross domestic product (GDP) from April to June 2018 is lower than the revised 1st quarter figure of 6.6%. The growth is also slower than the 6.7% recorded during the same period last ... Read More »

Philippines President Duterte destroys $7.3m worth of luxury vehicles to make anti-smuggling statement


Philippines President Rodrigo Duterte, best known in recent years for his horrific war on drugs, is now advancing a war on smuggling by destroying dozens of luxury vehicles seized by the country’s customs officers. Among a fleet destroyed at Port Irene in recent days were 68 cars and eight motorbikes, including vehicles by Porsche, Lamborghini and Mercedes Benz worth an ... Read More »

Duterte watches luxury vehicles destroyed in Philippines smuggling crackdown


More than 60 luxury vehicles and motorcycles were smashed up by a bulldozer in the Philippines’ Cagayan province in compliance with a directive issued by President Rodrigo Duterte to dispose of seized smuggled luxury vehicles. The haul was worth more than £3 million and included a Lamborghini, Porsche, Mercedes Benz and Harley Davidson motorcycle. Duterte, known for his tough anti-crime ... Read More »

Villar to DOJ, PCC: Do a ‘sample’, sanction a rice smuggler

FEBRUARY 06, 2018 Due to the shortage of supplies of NFA rice in the market, the prices of the regular and well-milled rice is rising from P1 to P3 per kilo in the six regional centers in the country. In this photo,  owners of the stores refill the bins of the rice in front of their retail at Kamuning Market in Quezon City. INQUIRER PHOTO/ JAM STA ROSA

Senator Cynthia Villar urged the Department of Justice (DOJ) and Philippine Competition Commission (PCC) on Wednesday to sanction at least one rice smuggler to set a “sample” to prove the government is indeed implementing the law on rice smuggling. Villar echoed President Rodrigo Duterte’s warning against smugglers to “stop messing with the people” during his third State of the Nation ... Read More »

Philippines commits to 25pc corporate tax tate


The Philippines Department of Finance has said the country will look to install a 25 percent corporate income tax rate on a broader base as part of the second phase of its tax reform process. Finance Undersecretary Karl Kendrick Chua explained that, presently, the country levies a 30 percent tax rate but it is applied across a narrow base, due ... Read More »

Customs seizes P33 million in smuggled goods

P33-M worth of various goods seized in two Manila ports. Photos from Bureau of Customs

MANILA, Philippines – The Bureau of Customs (BOC) seized P33 million worth of smuggled goods from the Port of Manila (POM) and the Manila International Container Port (MICP). At the POM, shipments declared as grocery items, glass cups, bottles, mugs, wheel rims, footwear, and general merchandise were found to contain misdeclared air freshener, toothpaste, shampoo, makeup, and vape without Food ... Read More »

Most Asean markets lower on trade woes, Philippines falls over 2%

Asean flags feb17

Most South East Asian shares traded on a weak note on Friday as investors assess the likely fallout of a global trade spat on corporate earnings, with the Philippines continuing its dismal run with an over 2 percent fall in early trade. German automotive maker Daimler late on Wednesday cut its 2018 profit forecast, as import tariffs on cars exported ... Read More »

Asean markets hit over trade spat; Philippines falls over 2.5%


SINGAPORE: Southeast Asian stock markets fell on Monday, in line with broader Asia as a trade spat intensified between the world’s top two economies. Fears of a global trade war also added to pressure on oil prices. U.S. oil prices fell 1.9 percent following a 2.7 percent slump in the previous session. U.S. President Donald Trump said he was pushing ... Read More »

Gov’t employees among the ‘happiest’ at work: Jobstreet


MANILA – Government workers are among the “happiest” types of employees, alongside those in the hospitality and restaurant sectors, recruitment portal Jobstreet said Monday. Asked to rate their “happiness” based on various criteria, state workers gave an average score of 4.85 points based on a scale of 1 to 7 with 7 as the highest, Jobstreet said, citing a study ... Read More »

Philippine police stormed a call centre, arrested 482 people they say were running a stock market scam on S.Africans


Philippine police arrested an entire call centre it says was run by Israeli citizens involved in running a stock market scam – including on South Africans. One of the complaints that led to the raid came from South Africa, others from Australia. The company, International Branding Development Marketing, has been linked to iTrader, a foreign-exchange broker shut down in Israel. ... Read More »

AAK invests in plant in Philippines to expand in Asia


KARLSHAMN, SWEDEN — AAK plans to invest in a customization plant in the Philippines that initially will focus on systems within special nutrition, chocolate and confectionery fats, and dairy. Eventually Karlshamn-based AAK expects to be able to supply systems within other segments as well from the plant, which should be operational by the end of the year. “This will strengthen ... Read More »

Philippines’ Banks to Pilot Ethereum-based Blockchain for Retail Payments


Five rural banks in the Philippines will conduct a pilot of a real-time retail payments system on a blockchain developed by Ethereum startup Consensys. In a move to further financial inclusion and bring some 35 unbanked Filipinos into the financial system, the Union Bank of the Philippines (UnionBank) has picked five rural banks in Mindanao – the second largest island ... Read More »

Second tax package to create more jobs


The proposed second tax reform package is expected to create not only more but also better jobs as the government would grant incentives to investments generating employment opportunities, the think tank Action for Economic Reforms said. “The government’s push to reform the fiscal incentive regime will encourage businesses to hire more people and upgrade the skills of existing workers by ... Read More »

Businessmen pledge $50 million to help rebuild Marawi


MANILA – A group of businessmen hopes to invest as much as $50 million to help rebuild Marawi City and unlock its potential as a manufacturing hub, one of its leaders said Wednesday. The Bangsamoro Federal Business Council hopes to finish by June its master plan to redevelop 50 hectares of the city that was devastated by 5 months of ... Read More »