- Category: Top News
11 Nov 2012
- Written by VG Cabuag / Reporter
The country’s oil port in Bataan was able to exceed its target revenues for October but three other main ports fell short of their goals for the same month, dragging the performance of the Bureau of Customs (BOC), preliminary data showed.
According to the preliminary data, the Port of Limay in Bataan posted a P618-million surplus collection based on its goal for the month of P3.19 billion.
But Batangas Port, another oil port, narrowly missed its target for the month of P6.28 billion by P170 million.
Toward the end of October, Limay, where oil depots of Petron Corp. and other oil companies are located, collected more than P1 billion in one particular day, or about a third of its target for the month.
Meanwhile, the Batangas Port, which collects from oil firms such as Pilipinas Shell, was able to collect P1 billion in one particular day also toward the end of the month.
Although the two main Manila ports were not able to reach their collection goals, their shortfalls were lower compared with those during previous months.
Manila International Container Port (MICP), the country’s largest, incurred a P1.15-billion shortfall based on its P8.05-billion target, with its collection only hitting P6.89 billion. The Port of Manila (POM) posted a shortfall of P1.52 billion when it collected only P4.86 billion as against its P6.38-billion goal.
The Ninoy Aquino International Airport (Naia) reported a shortfall collection of P141 million when it collected only P2.17 billion as against its target of P2.31 billion.
The collection targets of the BOC’s five major ports account for about 85 percent of the agency’s goal for the period.
For the first 10 months of 2012, MICP still had the biggest shortfall of P16.55 billion, with its collection of P61.37 billion as against its target of P77.92 billion. The Port of Manila had the second-largest collection deficit of P14.1 billion with P47.71 billion compared with its target of P61.81 billion.
Among the top five ports, only Limay was able post surplus collection from January to October of P960 million with its collection of P31.88 billion as against the target of P30.92 billion. Batangas, however, had a deficit collection of P7.64 billion as it collected only P53.22 billion as against its target of P60.86 billion.
Naia fell short by P3.71 billion, with its collection only reaching P18.68 billion compared with its target of P22.4 billion.
The other ports that missed their targets for October included the collection districts of San Fernando, Legazpi, Surigao, Zamboanga and the Office of the Commissioner, which ailed to collect a single centavo from the tax-expenditure fund target of P694 million.
The ports that posted surplus collections included Iloilo, Cebu, Tacloban, Cagayan de Oro, Davao, Subic Bay, Clark Field and Aparri.
The BOC aims to collect about P347 billion this year.