MMPC Remits P9B to BOC's Batangas Port, Ranks Top Contributor

MITSUBISHI Motors Philippines Corp. (MMPC) has remitted P9.05 billion to the Bureau of Customs (BoC)-Port of Batangas in the first seven months, making it one of the port’s top three contributors of import revenues. The automaker’s remittances account for 6.3% of the agency’s total collections as of end-July, it said in a statement on Wednesday. “The recognition highlights MMPC’s continued patronage of the Port of Batangas and its contribution to trade and economic activity in the Calabarzon region,” the company said. MMPC operates a 23-hectare manufacturing facility in Sta. Rosa, Laguna, where it produces its Mirage G4 and L300 models. The automaker has an annual production capacity of 50,000 units. BoC collections in the first eight months of the year reached P664.776 billion, 0.8% above the target for the period and 7% higher than last year. — Beatriz Marie D. Cruz