Traditionally, corruption in the Philippine Bureau of Customs was so rampant. Today, Filipinos can say that the time has come to appreciate the reforms in public administration. Philippine president, Benigno Aquino III, has made a lot of cleansing in combating corruption in the government including the Bureau of Customs.
Parayno (2013), in his study about combating corruption in the Philippine customs services, mentioned huge customs revenue losses due to corruption. The extent of smuggling in the Philippines is widely believed to go between 12.2% and 53% of recorded imports.
The semiconductor and electronics companies in the Philippines among other significant businesses in the country are required to comply with the regulations of the Bureau of Customs. The regulatory requirements of customs must be considered before importing goods, particularly the regulated ones. The Bureau of Customs is considered as flow in the Philippines. Comes with its mandate is its likelihood of falling into corruption. If this bureau does not have red tapes, there will be direct benefits to the Philippine economy such as more revenues from import goods, proper allocation of customs resources leading to better cost usage, and ease of doing business thus attracting more investors in the country and therefore creating more jobs for Filipinos.
Traditionally, corruption in the Philippine Bureau of Customs was so rampant. Today, Filipinos can say that the time has come to appreciate the reforms in public administration. Philippine president, Benigno Aquino III, has made a lot of cleansing in combating corruption in the government including the Bureau of Customs.Parayno (2013), in his study about combating corruption in the Philippine customs services, mentioned huge customs revenue losses due to corruption. The extent of smuggling in the Philippines is widely believed to go between 12.2% and 53% of recorded imports.The semiconductor and electronics companies in the Philippines among other significant businesses in the country are required to comply with the regulations of the Bureau of Customs. The regulatory requirements of customs must be considered before importing goods, particularly the regulated ones. The Bureau of Customs is considered as flow in the Philippines. Comes with its mandate is its likelihood of falling into corruption. If this bureau does not have red tapes, there will be direct benefits to the Philippine economy such as more revenues from import goods, proper allocation of customs resources leading to better cost usage, and ease of doing business thus attracting more investors in the country and therefore creating more jobs for Filipinos.
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