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Private sector investments in infrastructure pushed Tuesday
Editor : Cheng Ordoñez
Volume III, No. 113
story on Page B1 12 October 7,See 2014
T
he government is urging more private-sector investments especially in transport infrastructure crucial for sustaining the country’s robust economic growth.
BIR issues provisional importer, broker certificates A second batch of 1,123 importers and customs brokers has been recommended by the Bureau of Internal Revenue (BIR) for issuance of clearance certificates. In its latest advisory, BIR said that as of September 23, it has recommended that 878 importers be issued Importer’s Clearance Certificates (ICCs) and 245 customs brokers be given Broker’s Clearance Certificate (BCCs). The certificates have varied dates of effectivity but all are valid for only six months. This means that these are provisional certificates as opposed to the regular certificates valid for three years. For a full copy of the list, please go to www.scribd. com/doc/241076530/Provisional-ICCs-BCCs-SecondBatch. As prescribed under Department of Finance Department Order No. 122014, the ICC and BCC clear importers and customs brokers to proceed with the second phase of accreditation with the Bureau of Customs (BOC). In its first advisory, BIR said 1,353 importers and 171 customs brokers were See broker, page B2
Sen. Villar at the opening rites of AFFI “2014 Pilipino Franchise Show - Senator Cynthia A.Villar,(3rd right) chair of the Senate Committee on Agriculture and Food, receives Plaque of Appreciation from AFFI president Victor M. Fernando,(center)on Friday (October 3,2014)at World Trade Center, Pasay City during the opening ceremony of AFFI “2014 Pilipino Franchise Show”. Also in photo are Mr.Armando O.Bartolome, Chairman of the Board, AFFI (2nd right)AFFI Chief Finance Officer Josephine C. See,(2nd left)and other AFFI officials. (PNA photo by Gil S.Calinga)CTB
Subic port fees slashed by more than 80% starting Oct Starting October 1, the Subic Bay Metropolitan Authority (SBMA) will drastically reduce port and berthing dues at Subic ports in a bid to attract more users to this facility north of Metro Manila. Port fees at Subic’s New Container Terminals (NCT)
1 and 2 will be reduced to $0.008 per gross revenue tonnage, lower by 83% from the present $0.046 per GRT, while berthing fees will be cut to $0.004 per GRT per day, an 88% decrease from $0.0345 per GRT per day. However, SBMA chairman Roberto Garcia, in a
Socio-economic Planning Secretary Arsenio Balisacan said that continued investment in infrastructure is imperative to keep up the economy’s high-growth trajectory and unleash the potentials of many areas throughout the country. “Thus, investors are encouraged to participate in the construction and implementation of various programs and projects that have been identified in a number of infrastructurerelated roadmaps and master plans approved by the government,” he said during the Philippine economic briefing. For transport infrastructure, Balisacan said See sector, page B3
press briefing, said the new rates will be increased after six months to $0.041 for harbor fees and $0.02 for berthing fees, still lower than the regular rates. With the reduced rates, Garcia said SBMA expects to lose $10 million to $15 See subic, page B3
BOC releases rules on lifting of cargo abandonment order The Philippine Bureau of Customs (BOC) has issued guidelines for cargo owners seeking to lift the abandonment status on their shipments. Under Customs Memorandum Order No. 18-2014 signed September 25 and which takes effect on October 13, an Order for Abandonment is issued after the BOC collector or deputy collector of the port of sub-port initiates and concludes abandonment proceedings against a shipment under these two situations:
One, when after due notice, an owner, importer, consignee, or interested party fails to file an entry within the non-extendible period of 30 days from date of discharge of the last package from the vessel or aircraft. Two, when after filing such entry, the claimant fails to claim his importation within 15 days-unless the reason for the failure is an alert order written or recorded in BOC’s electronic-to-mobile (e2m) system
and issued by an authorized BOC official. The order, however, applies only to a request for lifting of abandonment that still has no final written decision issued by any BOC district collector or law division. Under CMO No. 18-2014, only the Customs commissioner is authorized to defer or delay abandonment proceedings, or lift an abandonment order. See cargo, page B3
Ayala congratulates successful bidding of LRT-1 Cavite Extension project - Ayala Cor-
poration President and COO Fernando Zobel de Ayala on Thursday (Oct 2, 2014) congratulates the Light Rail Manila Corporation (LRMC), the Department of Transportation and Communications (DOTC) and the Public and Private Partnership (PPP) for the successful bidding of Php65-billion Light Rail Transit Line 1 Cavite Extension and Operations and Maintenance Project at the EDSA Shangri-La Hotel in Mandaluyong City. (PNA photo by Azer N. Parrocha) FPV
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