Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Port of Davao seizes P235-M illicit cigarettes

Port of Davao seizes P235-M illicit cigarettes – BusinessWorld Online


      
      
      
      
      








THE Bureau of Customs (BoC) said it intercepted P235 million worth of illicit cigarettes in operations across Maguindanao del Norte, Maguindanao del Sur and the Davao Region.

In a statement on Monday, the bureau said the seizures conducted by the Port of Davao totaled 6,400 master cases with an estimated value of P235 million. It included brands such as Bosqu, Cannon Menthol, and Gajah Baru.

This was part of a broader campaign against illicit cigarettes, which undermine government revenue through lost excise taxes.

“We make sure that once these illegal products are seized, they are completely destroyed and never find their way back into the market,” Customs Commissioner Ariel F. Nepomuceno said.

“This is our commitment to lawful trade, fair competition, and public interest.”

In a separate statement, the BoC has bolstered its good governance reforms with the Integrity, Accountability, and Modernization program.

“Among the major accomplishments carried out and enhanced was the full implementation of the updated Integrity Action Plan across all offices, with technical support from the World Customs Organization (WCO),” it said on Monday.

Customs also approved a revised Code of Conduct on 21 April 2025, aligned with existing national laws and the WCO Model Code of Ethics. — Aubrey Rose A. Inosante

CEDTyClea





    You May Also Like

    Finance

    DL Mining Against the backdrop of an increasingly complex global economic situation, the cryptocurrency market has recently seen a long-awaited rebound, with Bitcoin prices...

    Finance

    Former chancellor Nadhim Zahawi has defected to Reform UK, becoming the most senior ex-Conservative figure to join Nigel Farage’s party. Zahawi, 58, was unveiled...

    Stock Markets

    Aboitiz Foods acquires Singapore animal nutrition firm – BusinessWorld Online                                    ...

    Stock Markets

    SEC studies lifting moratorium on new online lending platforms – BusinessWorld Online                                    ...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.