Cebu, Iloilo ports exceed target

THE Bureau of Customs (BoC) said on Monday that the Port of Cebu generated 3.53 billion in revenue collections in February, surpassing the target set for the month.

In a social media post, the BoC said that the port exceeded the assigned target of P3.39 billion.

“This resulted in a positive deviation of P145.1 million, or 4.28% above the target, reinforcing the port’s steady contribution to the bureau’s overall revenue generation efforts,” it said.

According to the bureau, this marked the third consecutive month that the port has exceeded its monthly target under District Collector Alexandra Yap-Lumontad.

“These results demonstrate that with efficient processes and commitment, we can continue to deliver strong revenue performance while facilitating legitimate trade,” she said.

In a separate release, the BoC said that the Port of Iloilo also surpassed its revenue target for February after collecting P296.44 million last month.

This exceeded the month’s target of P233.21 million by 27.11%, or P63.23 million.

For the first two months, the port recorded P679.45 million in revenue collections, which also surpassed the January-to-February target of P584.65 million by 16.21%. — Justine Irish D. Tabile