TODAY'S BUSINESS HEADLINES

For 3rd time, bidding for MRT3 maintenance contract deferred

Maynilad, First Pacific scouting for possible projects in Southeast Asia

PSEi slips to 7,268.91 after weak imports data, concern over global economy

1Q imports contract as electronics fail to pick up

Battle heats up in postpaid business, as top 2 telcos launch new plans

Customs sets audit of top 10 meat importers amid smuggling charges

InterAksyon.com means BUSINESS

MANILA, Philippines - The Bureau of Customs will tighten its watch on imported frozen meat products amid complaints from local producers.

“We are now going through the past records of importations of the country’s top 10 food importers to check whether all their importations were covered with the required import permits from the Department of Agriculture, or whether these importers did not import beyond the approved volume granted to them by the DA,” Customs Commissioner Rufino Biazon said.

The country’s hog raisers, which held its convention in Cebu last week, accused the bureau of cuddling smugglers.

The group even threatened to conduct a “meat holiday” in protest, but the plan fell through.

Biazon is not ruling out the possible connivance between government officials - even Customs personnel - and some meat importers in smuggling.

The Customs chief and officials of the country’s hog raisers' association signed an agreement for a collaborative effort to stop frozen meat smuggling during the Hog Raisers National Convention in Mandaue City.

Biazon also asked the group to send a representative who will inspect and check the reference prices and true value of incoming frozen meat.

 

InterAksyon.com means BUSINESS

BUSINESS NEWS  
OTHER BUSINESS STORIES  

Business For 3rd time, bidding for MRT3 maintenance contract deferred
Business Maynilad, First Pacific scouting for possible projects in Southeast Asia
Business PSEi slips to 7,268.91 after weak imports data, concern over global economy
Business 1Q imports contract as electronics fail to pick up
Business Battle heats up in postpaid business, as top 2 telcos launch new plans
Business Philippine banks run by 'lazy brokers', Monetary Board member says
Business Philippines may no longer have best-performing market in 2H, Goldman Sachs says
Business VP Binay, Finance chief at loggerheads over proposed removal of tax perks for mass housing
Business Sarah Jessica Parker inaugurated 'illegally' built SM mall, BCDA says
National | Business EXCLUSIVE | Zest Air suspends flights to Taiwan
Business Lamborghini-driving Ayala Alabang resident sued for tax evasion
Business PAL imposes fine on late passengers, cuts baggage allowance
Business MINDANAO PEACE DIVIDEND | Thai palm oil factory to rise in North Cotabato