Subic Port earns 1.18%, surpasses monthly target despite Covid-19

Subic Port earns 1.18%, surpasses monthly target despite Covid-19

By Ruben Veloria 

SUBIC BAY FREEPORT — The Bureau of Customs (BOC) in the Port of Subic has surpassed its July target by 1.18 percent with collections amounting to PhP2.26 billion, despite some tightening caused by the coronavirus disease 2019 (Covid-19) pandemic among investors here.

Subic Port collector Maritess Martin said on Friday, despite the lockdown and temporary closure of most manufacturing firms in the port since the outbreak of the disease in March, the bureau managed to collect PhP 2,264,448,859.74 in duties and taxes of goods due for importation.

Martin said the amount reflects a surplus of PhP26,448,859.74 or 1.18 percent of the PhP2.23 billion adjusted monthly target for July.

She said even with the health crisis, the port could surpass its 2020 target of PhP24.4 billion before the yearend as total collection has so far reached PhP15,278,129,454.14.

A document provided to the Philippine News Agency (PNA) shows that since April, the Port of Subic has been performing well amid the lockdown.

It collected PhP1.74 billion in May, which is 12 percent higher than the target collection of PhP1.56 billion, and PhP2.76 billion in June, 45 percent higher than the PhP1.91 billion target.

Martin lauded the men and women of the Subic Port for a job well done. (PNA)

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