20 Subic firms lauded for duty contributions

Twenty companies doing business at the Port of Subic were recognized by the Bureau of Customs as top major revenue contributors to the collection campaign in September.

The local revenue unit of the BOC attributed the high collection performance to the patronage of Port of Subic users.

BOC Subic posted P2.772 billion in revenue in September, exceeding its adjusted target for the period of P1.772 billion and registering a surplus of P999.753 million. The agency’s collection record reached P3.107 billion in the same month last year without the coronavirus pandemic.

Subic Port under the leadership of district collector Maritess Martin raised P20.559 billion in the first nine months of 2020. She is assisted by Maita Acevedo, deputy collector for assessment and lawyer Ferdinand Leynes, deputy collector for operations.

Majority of the big Subic importers are engaged in the importation of petroleum products and rice. Marubeni Philippines Corp., a Japanese trading firm was the biggest contributor with P592.470 million. It was followed by Insular Oil Corp., with P365.105 million; PTT Philippines Corp., P342.073 million; High Glory Subic International Logistics, P138.196 million; Warbucks Industries Corp., P115.214 million; and Goldenshare Commerce & Trading Inc., P111.666 million.

Topics: Bureau of Customs , Port of Subic
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.