The Bureau of Customs (BOC) Collection District VI collected over half a billion from the ports of Iloilo and the Sub-Port of Pulupandan in Negros Occidental in the first half of 2014.
Total revenues collected in the first six months of the year reached P546,350,678.00,
higher by 32.1 percent from its income target of P416 million for the said period.
The sub-port of Pulupandan contributed 71 percent of the total collection or equivalent to P389,106,161.00.
Ernelito Aquino, District Collector of Port of Iloilo, explained that the District Port of Iloilo is dependent on the collection performance of its sub-port in Pulupandan.
Aquino cited the independent petroleum company Seaoil as the sub-port’s biggest player.
He said that every vessel, Seaoil pays dues and tax amounting to P45 million to P50 million.
The BOC Collection District VI is upbeat to hit it P843,983,000 2014 full-year target.IMT
Authors opinion: Iloilo's Port is indeed one of the best port I've ever seen in the world. It's capacity to handle large ship; and the Iloilo River estuary is the foundation why it became queen city of the south. Given enough funding, for sure the trade and commerce will surely boast up.