Oro ports post huge increase in revenue
By NELSON V. CONSTANTINO, Editor-in-Chief
DESPITE having incurred a huge shortfall of negative-P59-billion in overall revenue collection last year, the Bureau of Customs (BOC) district office in Cagayan de Oro continued its record-breaking performance as it again posted a 26-percent increase in collection for the month of January this year.
Newly-installed District Collector Atty. Lourdes Villamar Mangaoang said that the Cagayan de Oro district, which is composed of the ports of Cagayan de Oro, Ozamis, Iligan and the Mindanao Container Terminal (MST) in Tagoloan, Misamis Oriental, gained an accumulated amount of P559.2 million, up by P116 million against its monthly collection target of P443.1 million.
“This welcome[sic] spike in revenues inspires confidence that our district is on track to meet our 2013 collection target of nearly P5.65 billion,” Mangaoang, who is in her second stint as the district’s collector, said.
The Mindanao Container Terminal-Subport (MCT-SP) is the district’s consistent top performer with a total of P494.727,304 revenue for the month, followed by Cagayan de Oro port with P45,777,221, while the sub-port of Iligan contributed P17,488,465 and Ozamis chipped in P1,212,221.
MCT-SP manager Atty. Javier C. Alpaño pointed out that the logistical requirements of big corporations like Nestle Philippines and oil industry players Jetti and Phoenix Petroleum boost their ports collection last month.
The big bulk of the collection comes from importation since the BOC does not collect much duties and taxes from export products, Mangaoang said.
In terms of export products, process-food giant Del Monte Philippines remains the region’s top exporter, followed by Philippine Sinter Corporation, Nestle Philippines, and Filipinas Kao, said Bellarmine Valencia, chief of the exports division.