Thursday, February 08, 2007
N. Mindanao importers pay P1.353 billion custom's taxes in '06
THE Bureau of Customs in Northern Mindanao reported a total collection of P1.3 billion in customs duties and taxes from 20 of the region's top importers.
Customs District Collector Roberto Sarmiento said the economic boom year for Filipinos has just started.
"Putting our fiscal house in order makes the Philippines shine in the eyes of our investors, breaks the shackles of the debt cycle and clears the way towards an economic homerun," Sarmiento said.
"With this, President Arroyo has commended our revenue collection team as well as the whole Cabinet down to the agency level for keeping faith with our goals to boost the public coffers, cut spending, and curb graft," he added.
The shrinking of the budget deficit to P62.2 billion, the lowest in eight years and the third year in a row, as well as, the increases in foreign investments and tax revenues are now being translated into social payback in terms of education, health services and infrastructure, among others, he also said.
Topping the list of these importers are Nestle Philippines, Inc., Global Steel International, Inc., Del Monte Phil., Inc., Pillsbury Milling Corp., Holcim/Alsons Phil. Inc., R.I. Chemical Corp., Petronas (PEPI), Pilipinas Shell, Ricor Mills, Steag State Power, Inc., Philippine Softwood Products, J.S. Unitrade Merchandise, Transway Sales, Mabuhay Vinyl Corp., Iligan Cement Corp., Cagayan Corn Products, Mindanao Container Port Corp., Taira Commercial Industries, Fiesta Brands, and Universal Robina Corp.
In an earlier report, Sarmiento said the region's top 20 exports, last year, totaled US287.283 million with Canned Pineapple Products valued at US$89.349 million topping the list, followed by Sintered Ore, US$53.811 million; Kalcol, US$20.027 million; Philippine Crude Coconut Oil, US$23.237 million and Everyday Milk Powder, US$14.461 million.
Farmin, US$14.461 million; Ordinary Portland Cement, US$11.475 million; Philippine Cane Sugar, US$9.905 million; Desiccated Coconut, US$8.708 million and Limestone Cement, US$6.009 million; KD Finished Wood Product, US$6.003 million; Falcata Lumber, US$4.770 million and Coconut Shell Charcoal, US$4.761 million; Fatty alcohol, US$4.569 million; Rubber Boots/Working Shoes, US$4.569 million; Cement Clinker in Bulk, US$ 3.454 million; Philippine Cane Molasses, US$2.860 million; Raw Cane Sugar, US$2.785 million; Silicon Metal, US$2.751 million and Refined Glycerine, US$2.515 million. (Trends)
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