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MANILA, Philippines - The Philippines' major container districts failed to hit collection targets, dragging down the Bureau of Customs' revenue performance in April.
Data from the bureau showed that the oil ports of Batangas and Limay wexceeded their respective goals last month as a result of the increase in the volume of petroleum imports.
The Port of Batangas, which hosts Pilipinas Shell Petroleum Corp.'s receiving station, collected P7.48 billion in April, or P1.39 billion above its P6.08 billion target for the period.
The Port of Lima, which is home to Petron Corp.'s depot, enjoyed a surplus of P281 million by raising P3.37 billion as against a P3.09 billion target.
Other ports that surpassed their respective goals were Davao, Subic Bay, Cebu, Cagayan de Oro and Zamboanga.
The combined collections of the above ports however were insufficient to offset the shortfalls incurred by container and bulk-cargo ports in Manila, which accounted for more than half of the country’s shipments.
Manila International Container Port (MICP), the country’s largest, incurred a revenue lesion of P2.06 billion after raising only P5.73 billion against its P7.79 billion goal.
The Port of Manila was P1.61 billion short of its P6.18 billion target, while the Ninoy Aquino International Airport was P500 million shy of its P2.24 billion goal.
In April, Customs raised P25.43 billion, or nine percent below its P28 billion goal for the period. This brought the agency's total revenue collection to P94.96 billion at end-April, or P14.43 billion below its P109.36 billion goal.
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