Banks extend hours to fasttrack customs payments
Posted by: By Prinz Magtulis (The Philippine Star) | Updated April 5, 2016 - 12:00am
Source: http://www.philstar.com/business/2016/04/05/1569358/banks-extend-hours-fasttrack-customs-payments


MANILA, Philippines - Seven banks have heeded the call of the Bureau of Customs to extend operating hours and facilitate payment clearance for shipments to avoid port congestion, the agency said yesterday.

These banks are Deutsche Bank, Security Bank Corp., Asia United Bank Corp., Metropolitan Bank & Trust Co., BDO Unibank Inc., and East West Banking Corp.

Posted on 05 Apr 2016 by Editor
S Korean export slump decelerates
Posted by Romelda Ascutia on April 4, 2016
Source: http://www.portcalls.com/korean-export-slump-decelerates/

South Korea’s exports continued to shrink from a year earlier in March, but the rate of decline slowed significantly from the previous month, government data showed.
Posted on 04 Apr 2016 by Editor
December 2015 cash collection highest in BOC’s history
Posted 24 March 2016
Source: http://customs.gov.ph/december-2015-cash-collection-highest-in-bocs-history/

According to the National Treasury’s 2015 official data, the Bureau of Customs posted P32.6 billion in cash revenues for the month of December, a 20.4% increase year on year from P27.1 billion.
Posted on 01 Apr 2016 by Editor
BOC requires earlier submission of sea manifest
Posted by Web Editor on March 29, 2016
Source: http://www.portcalls.com/boc-requires-earlier-submission-sea-manifest/

The Bureau of Customs (BOC) is now requiring a much earlier submission of the sea manifest.
Customs Administrative Order (CAO) No. 01-2016, dated January 22, 2016 but made available on the BOC website only on March 23, requires shipping lines/ship agents, non-vessel operating common carriers (NVOCCs), freight forwarders/cargo consolidators/co-loaders to electronically transmit cargo information to BOC “within 24 hours after the time of departure of carrying vessel from the port of origin, first from the mother vessel or any vessel departing from the actual exporting port of origin and finally, if any, from feeder vessel destined to any importing port in the Philippines.”
Posted on 01 Apr 2016 by Editor

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