Port of Cebu collects P2.89B for October, surpasses target

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FOR six straight months, the Port of Cebu surpassed its monthly collection target, despite the continued onslaught of the Covid-19 pandemic.

For October 2020, the Port collected P2.89 billion, surpassing its target of P2.85 billion by 1.3 percent.

“Our October target was higher, much higher, than in the previous months. But with the dedication and hard work of the men and women of the Port, and the full support and cooperation of our stakeholders, we were able to pull through. We are very glad and thankful for that,” said Acting District Collector Charlito Martin Mendoza in a statement released on the Bureau of Customs Port of Cebu’s Facebook account on Sunday.

The top imports for the month of October were electrical and telecommunications equipment, oil, steel, foodstuff and coal.

The Port of Cebu collected P2.74 billion in September, surpassing that month’s target of P1.94 billion by 42 percent.

In August, it collected P2.74 billion, 23 percent higher than its P2.24 billion assigned target for the month.

In July, it collected P2.76 billion, 13 percent higher than its P2.44 billion target.

In June, it collected P2.54 billion, exceeding its P2.09 billion target by 22 percent.

In May, it collected P2.23 billion, surpassing its P1.71 billion target by 31 percent. (CTL)