SUBIC BAY FREEPORT – Subic Port here has surpassed its July revenue collection target of by 1.18 percent despite the Covid-19 pandemic lockdowns which tightened ship entries and temporarily closed down many investors’ manufacturing firms at the Subic Bay Free Port.
Bureau of Customs (BOC) Subic Port collector Maritess Martin said their duties and taxes collection for July hit P2,264,448,859.74 or 1.18% in excess of their revenue target for the month set at P2.23 billion. The positive net difference (surplus) amounted to P26,448,859.74 (million).
Martin expressed optimism She said even with the health crisis, the Port of Subic could surpass its 2020 target of PHP24.4 billion before the yearend as total collection has so far reached over PHP15,278 billion.
Records show the Port of Subic has been performing well amidst the lockdown. It collected PHP1.74 billion in May, 12% higher than the target collection of PHP1.56 billion, and PHP2.76 billion in June, which is 45 percent higher than the PHP1.91 billion target.
Martin takes pride in the dedication of the BOC personnel in Subic and lauded them for their commendable performance.