MANILA - Only one billionaire port met its collection target for May, pulling down the Bureau of Customs' performance for the month.
Preliminary data from the bureau showed that the Port of Limay, which hosts the depots of Petro and Oilink, met last month's collection goal of P3.05 billion after it raised P4.4 billion.
Customs last month missed its P28.34 billion target by P3.59 billion.
Of the underperforming billionaire ports, the biggest shortfall was incurred by the Manila International Container Port, which was P1.38 billion shy of its P7.7 billion target.
The Port of Batangas, which hosts Pilipinas Shell Petroleum Corp.'s receiving station, incurred the second biggest shortfall at P1.31 billion after raising only P4.7 billion out of its P6.01 billion target.
The Port of Manila at P1.16 billion incurred the third largest shortfall, after it raised only P4.95 billion of its P6.11 billion target.
The fourth underperformer was Ninoy Aquino International Airport, which was off by P403 million from its P2.21 billion goal.
The combined collection of MICP, POM, POB, Limay and NAIA accounts for more than 85 percent of Customs' revenues.
For this year, Customs is required to raise P347.07 billion.
source: interaksyon.com
