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Port of Subic posts record-high collection: P2.18 B

Monday, 01 October 2018 | 00:00

The Port of Subic generated P2.188 billion in revenues for the month of September, the highest revenue collection in its history, a collection report obtained by The Manila Bulletin showed.

The Subic port made history when its revenue collection in September posted a P93-million surplus for exceeding its target of P2.096 for the month based on the collection figures from the port.

The port achieved the highest-ever recorded collections in its revenue history also after the changing of guards, with Customs Commissioner Isidro Lapeña assigning lawyer Ma. Rhea M. Gregorio as its new district collector.

Gregorio was the collector of the Port of Manila and deputy collector for passenger services at the Ninoy Aquino International Airport (NAIA) before she assumed the top post in the Port of Subic.

Right on the job

In her first month in the job, the lady collector already found the key to positive revenues.

Subic port credited the September revenues to its “proper and correct” assessment and collection of duties and taxes from import shipments and Lapeña’s anti-corruption campaign.

Under Gregorio’s watch, the port has also pursued a “strategic partnership” with its stakeholders through constant dialogue and communication, it also said.

This, according to the Subic port, resulted to an “increase in volume of importation by 50.52 percent” for the month compared to the same period last year.

September collection figures indicated a year-on-year increase of 88 percent in terms of revenues.

Oil imports

The Port of Subic has been heavily relying on the continued oil imports entering the port for its monthly revenue collections.

The top tax-paying oil firms in Subic include the PTT Philippines Corp., Cebu Air, Inc., Phoenix Petroleum Philippines, Inc., and Total Philippines Corp., among others.

Subic port broke out a back-to-back revenue slump and registered a surplus after it incurred collections shortfalls of P200 million and P300 million for the month of July and August, respectively.

Since February, Lapeña has been firing the heads of ports who did not achieve targets.
Source: Manila Bulletin

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