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Hard-hitting Philippine news portal faces tax evasion charge

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MANILA, PHILIPPINES: Philippine prosecutors said they will file charges of tax evasion against a news website that has been critical of President Rodrigo Duterte. The Justice Department said in a statement it found probable cause to indict Rappler Holdings Corp. and its president, journalist Maria Ressa. The case could be filed later this week, Justice Secretary Menardo Guevarra said. Rappler ... Read More »

Philippine economy slows down to 6.1% in Q3 2018

Commonwealth Public Market on Monday, October 08, 2018. Photo by Darren Langit/Rappler

MANILA, Philippines: The country’s gross domestic product (GDP) growth slowed down to 6.1% during the 3rd quarter of 2018, the Philippine Statistics Authority (PSA) said on Thursday. The figure is lower than the revised 2nd quarter figure of 6.2%. “We are not exactly exuberant about the 6.1% growth rate, but still comforted that we remain one of the fastest-growing economies ... Read More »

Former Customs officer also links policeman to ₱2.4-B shabu shipment


Former Bureau of Customs (BOC) intelligence officer Jimmy Guban on Tuesday revealed that a former policeman asked him for help in the entry of two separate shipments of shabu concealed in magnetic lifters. In a hearing of the Senate Blue Ribbon Committee, Guban said that former Senior Supt. Eduardo Acierto asked him for help in smuggling a shipment of shabu ... Read More »

Duterte orders customs intel officer Jimmy Guban arrested

SHABU SHIPMENT. Customs intelligence agent Jaime Guban, who was cited with contempt by Sen. Gordon in the previous senate inquiry. September 19, 2018. Photo by Angie de Silva/Rappler

MANILA, Philippines: President Rodrigo Duterte ordered the arrest of former customs intelligence officer Jimmy Guban for supposed involvement in smuggling shabu into the country. “Si Guban ipa-aresto ko (I’ll have Guban arrested). Sabi ko (I said), right after the session you arrest him,” said Duterte on Wednedsay, October 24, on the day the House held a hearing on the alleged ... Read More »

Local markets off to a good start this week


MANILA: Risk-on sentiments prevailed in local markets at the start of the trading week, lifting the Philippine Stock Exchange index (PSEi) and helping the peso keep its ground amid an invigorated US dollar. The main equities gauge rose 1.18 percent, or 84.64 points, to 7,236.16 points, which Landbank market economist Guian Dumalagan traced to positive sentiments ahead of the earnings ... Read More »

Hanoi airport seizes ton of pangolin scales, ivory


HANOI: Nearly a ton of elephant tusks, ivory products, and pangolin scales were smuggled from Nigeria to Vietnam, the customs said. Customs officers at Noi Bai International Airport have seized nearly a ton of elephant tusks, ivory products and pangolin scales hidden inside cargo packages. The packages included 193 kg of elephant tusks and ivory products, and 805 kg of ... Read More »

Peso bounces back due to mild US inflation report


The struggling Philippine peso bounced back after the US reported milder-than-expected inflation data and as hopes were raised for progress on the US-China trade dispute. Last Friday, the peso closed the week at P54.13 against the dollar, after hitting at P54.18 on Thursday. While the trading was a bit slow, the opening at P54.10 went higher and the low was ... Read More »

Singapore falls further ahead of policy review; Philippines recovers

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BENGALURU: Singapore shares extended falls on Monday ahead of a central bank policy review this week, while Philippine stocks rose after two straight sessions of declines. A slim majority in a Reuters poll of economists predict a tightening at the policy review on Friday, with the bank seen trying to balance the risks to growth and inflation amid global trade ... Read More »

Smuggling raps filed over rice trader, 4 others


The Bureau of Customs, through its Bureau Action Team Against Smugglers (BATAS), filed four smuggling charges before the Department of Justice against the president of Sta. Rosa Farms Jomerito “Jojo” Soliman, Chief Financial Officer Dolores Opancia, Director Mary Grace Cayanan, and Director Marileen S. Avañez Thursday. The 200,000 containers loaded with 100,000 sacks of rice were seized at the Manila ... Read More »

Daly city man caught smuggling guns to the Philippines


SAN JOSE: A Daly City man has been sentenced in federal court in San Jose to one year and eight months in prison for smuggling guns to the Philippines without a license in 2015. Elmer Cuares pleaded guilty before U.S. District Judge Lucy Koh in June to one count of smuggling goods from the United States. Koh sentenced him on ... Read More »

BOC files cases against several smugglers, brokers


Cases for smuggling and violation of customs laws have been filed before the Department of Justice (DOJ) against several importers and customs brokers, the Bureau of Customs (BOC) Public Information and Assistance Division (PIAD) said. According to a statement from BOC, the five cases either involved wrong declaration of imported goods or importation of counterfeit items, with a total value ... Read More »

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 »