SUBIC BAY FREEPORT– Port of Subic 13th district collection agency of the Bureau of Customs (BOC) under the leadership of collector VI Maritess T. Martin was honoured by the Department of Finance (DOF) for achieving an unprecedented performance among the country’s 17th district collections agencies for outstanding accomplishment last year.
Port of Subic was recognized by DOF and BOC for its consistent target revenue collection output last year and even overshooting its overall target and earning P9.798 billion surplus.
The 26th year old unit raised a cumulative P32.370 billion income as compared to the 2018 production of P22.571 billion or 43.41 per cent hike.
Finance secretary Sonny Dominquez and BOC Commissioner Rey Guerrero awarded the Port with an Achievement Award during the bureau’s anniversary held at Aduana last week.
But after the recognition of last year performance, the district is facing a different scenario starting last month in view of external factors that hit the global economic community due to the corona virus dilemma.
Unlike last year, Subic failed to hit its assigned revenue target for the first month of the by incurring a shortfall of P382, 655 million. Due to its outstanding 2019 output, Aduana added an additional P1 billion more to Subic monthly revenues.
From P1.858 billion target last year, the upgraded target for January set by Aduana amounted to P2.628 billion. Collection realized by Subic yielded P2.246 billion or -14.56 per cent less of target.
Collector Martin has teamed up with the management of Subic Bay International Terminal Corp. (SBITC) the private cargo terminal operator to conduct trade facilitation forum with Port stakeholders last Wednesday to enhance port utilization here.
Team Subic was in full force yesterday to answer all queries of port users and brokers on how to expedite cargo releasing at SBITC and BOC.
Martin admitted that the prospect during the 1st quarter of the year is not rosy. But lamented that from the top grosser, she will not be a tail ended and become victim of corona virus!
