by ev3v4hn | May 23, 2020 | Business News
About half a billion liters of oil products were marked tax-paid in the first half of May, allowing the government to collect a higher levy on imports and shore up revenues as the country battles the pandemic. Bureau of Customs (BOC) Deputy Commissioner Teddy Sandy Raval told the Inquirer that as of May 15, a […]
by ev3v4hn | May 22, 2020 | Business News
MANILA, Philippines — To take advantage of low global oil prices triggered by the coronavirus pandemic, the Department of Energy (DOE) is looking to stockpile crude oil to secure the country’s supply should prices go up again in the future. During the Joint...
by ev3v4hn | May 22, 2020 | Business News
Nearly half-a-billion liters of oil products was added to the volume of oil products marked as tax-paid in the first half of May as the government collected higher levy on imports to shore up revenue in the middle of the COVID-19 pandemic. Bureau of Customs (BOC)...
by ev3v4hn | May 7, 2020 | Business News
The government is expected to raise P20 billion and boost the country’s war chest against the pandemic following President Duterte’s order to add a 10-percent duty on crude oil and refined products. Bureau of Customs (BOC) spokesperson and Assistant Commissioner...
by ev3v4hn | May 6, 2020 | Business News
The Bureau of Customs (BOC) will start collecting an additional 10 percent duty on oil imports, an essential product, following President Rodrigo Duterte’s directive to raise more funds for COVID-19 response. Customs Commissioner Rey Leonardo B. Guerrero issued...
