August 28, 2025 | 12:00am
MANILA, Philippines — Automotive agency Toyota Motor Philippines Corp. (TMP) emerged as the highest income contributor to the Bureau of Customs – Port of Batangas (BOC-POB) within the first semester because it remitted P24 billion in duties and taxes.
In a press release yesterday, TMP mentioned the remittance within the first half is 29 % increased than the quantity remitted in the identical interval final yr.
The announcement on TMP’s income contribution was made throughout the BOC-POB’s 68th Founding Anniversary Celebration and Thanksgiving for Companions held on Aug. 20.
In keeping with the BOC-POB, TMP’s contribution accounts for 35.7 % of the Prime 10 Importers’ checklist throughout the first half of the yr.
District collector Carmelita Talusan mentioned that as of Aug. 19, BOC-POB’s complete assortment reached P145.05 billion in finish June, up by 11.6 % from the identical interval in 2024.
Motor automobiles and gas merchandise proceed to be the first revenue-generating commodities on the POB, reflecting the port’s position as a vital gateway for the automotive and power sectors.
TMP is without doubt one of the few firms with an Approved Financial Operator Degree 2 accreditation from the BOC.
With this accreditation, TMP is ready to get pleasure from advantages similar to expedited customs clearance and devoted processing lanes, enabling streamlined logistical operations.
TMP’s Batangas Automobile Middle is positioned six kilometers away from POB.
By the 32-hectare facility, TMP goals to boost the processing and supply of Toyota and Lexus automobiles to prospects.
The power additionally goals to make sure the well timed processing and supply of manufacturing components and repair parts.
Newest knowledge from the Chamber of Automotive Producers of the Philippines Inc. and Truck Producers Affiliation confirmed that TMP remained the market chief because it accounted for 48 % of car gross sales from January to July.
TMP offered 129,334 items, up by 5 % from 122,730 items in the identical interval final yr.
