With the ongoing improvements of the ASEAN integration, a lot of companies are gradually keeping up to have what it takes to go global. Having the capital to export products or simply find a distributor partner abroad may seem enough and a lot of companies are going out in a drop of the hat to get ahead of the growing competition. But a lot of them are surprised at how inadequate their preparations are, despite the amount of money they have prepared to burn.
On January 13, the Bureau of Customs (BOC) released a list exposing 71 out of thousands of accredited importers and customs brokers who have allegedly engaged in "illicit trade" with BOC employees.
Commissioner Nicanor Faeldon stated that investigators had difficulty finding the information they needed as there were no records of transactions since 2011 and until before President Duterte's administration started.
Of the 71 on the blacklist, only 5 submitted appeals: Harbinger International Trading, Unifine Enterprises, Coco Technologies Corporation, Richo Marketing, and Manhattan Chemical Corporation.
Since then, the BOC has updated its list of companies that are under investigations, have show cause orders, or are prohibited from renewing their accreditation following seizure of their shipments.