Inquirer

Palace lauds BOC for P406.3-B revenue, beating Jan-May target

MANILA, Philippines — Malacañang on Monday commended the Bureau of Customs (BOC) for surpassing its collection targets and generating more than P400 billion in revenues during the first five months of the year. Palace press officer Claire Castro said the BOC, under the leadership of Commissioner Ariel Nepomuceno, collected P406.365 billion from January to May, exceeding by P9.315 billion its target and sustaining strong revenue growth despite prevailing trade and market challenges. According to Castro, the agency’s surplus collection would help fund the government’s priority programs and projects, especially as the country faces energy and price shocks due to the ongoing crisis […]... Keep on reading: Palace lauds BOC for P406.3-B revenue, beating Jan-May target