CEBU CITY—For the past nine months, the Port of Cebu of the Bureau of Customs has consistently exceeded its collection target, and it reported a P336-million surplus in the month of September.
Acting Port of Cebu district collector Rico Rey Francis Holganza said the BoC Port of Cebu is the only billionaire port in the country that has consistently exceeded its target collections.
Holganza said revenues they collected from power and fuel imports helped them achieve a collection surplus.
“We in BoC-Cebu were given a target, and records show that we have been doing our job well for the last nine months,” Holganza said.
According to BoC-Cebu data, the office collected P13.714 billion in nine months, which surpassed the nine-month revenue target of P12.95 billion by 5.9 percent.
The other billionaire ports in the country are Manila International Container Port, Batangas, Subic, Ninoy Aquino International Airport, Port of Manila and Limay.
Holganza clarified that billionaire ports are those with an assigned collection target of at least P1 billion per month.