Stock Markets

Customs seeks talks with AmCham, US Embassy over corruption issues

Customs seeks talks with AmCham, US Embassy over corruption issues – BusinessWorld Online


      
      
      
      
      








PHILSTAR FILE PHOTO

THE Bureau of Customs (BoC) said it is seeking a dialogue with the American Chamber of Commerce of the Philippines (AmCham) and the US Embassy after the agency was tagged in a US report as among the Philippines’ “most corrupt.”

“We have provided information through the proper diplomatic channels to clarify our ongoing reforms and have requested a dialogue with the American Chamber of Commerce and the US Embassy to further strengthen cooperation,” the BoC said in a statement on Tuesday.

The BoC hopes to further discuss the findings of the 2025 State Department Investment Climate Statements report and explore future cooperation in promoting good governance and facilitating trade.

In its September 2025 report, the State Department said the BoC is “still considered one of the most corrupt agencies in the country,” calling corruption a major barrier to attracting investments.

It added that the US embassy has received multiple reports from US firms of overly invasive searches, inconsistent customs charges, and demands for “facilitation fees” from BoC personnel. — Aubrey Rose A. Inosante

CEDTyClea





You May Also Like

Stock Markets

Pedestrians along the Estrella-Pantaleon Bridge are dwarfed by the towering buildings in Makati City, Dec. 5, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department...

Stock Markets

The logo of J.P. Morgan is seen in Zurich, Switzerland July 8, 2021. — REUTERS/ARND WIEGMANN By Bettina Faye V. Roc, Banking Editor THE...

Finance

A new player in football talent management has entered the game. M+C Saatchi Football, co-founded by former England and Liverpool midfielder Jamie Redknapp, officially...

Finance

Tesla shares have surged almost 50% since the company was rocked by a very public clash between CEO Elon Musk and US President Donald...

Exit mobile version