Headlines
Philippines spits fire over prolonged presence of Chinese vessels in South China Sea

In strongly worded condemnation of the activities of China at this area,
Duterte’s spokesman , Harry Roque, echoed the view and told a news conference: “We will not give up even a single inch of our national territory or our exclusive economic zone (EEZ).”
China’s embassy in Manila has kept mute on the incident.
His refusal to press China to respect a landmark 2016 arbitral ruling that clarified the Philippines sovereign rights in its EEZ has frustrated nationalists, who accused Duterte of gambling with territory in return for elusive Chinese investmentd
Duterte has previously said challenging China was pointless and risked starting a war.
The Philippines last month filed a diplomatic protest over a “swarming and threatening” presence of 220 Chinese vessels it believed to be manned by militias at Whitsun Reef, a stance backed by ally the United States.
It said the boats “blatantly infringe” on Philippine jurisdiction.
Brunei, Malaysia, Taiwan, China and Vietnam also have competing claims for islands and features in the area.
Panelo also said the Philippines would not be blinded by China’s humanitarian gestures, referring to millions of COVID-19 vaccines donated by China.
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Customs
Customs complies with ministry’s directive, seeks alternative funding of its services after suspension of 4 percent FOB levy

Customs
FG orders Customs to suspend collection of 4 percent FOB levy

by the Nigeria Customs Service on all imported goods.“Following extensive consultations with industry stakeholders. trade experts, and relevant government officiais, it has become clear that the implementation of the 4% FOB charge poses significant challenges to the Nigerian trade facil tation, environment and economic stability.
“Many importers and businesses have raised concerns about the increased financial burden this levy imposes, with potential adverse effects on inflation, trade competitiveness, and the overall business Climate in Nigeria.
“This suspension will provide an opportunity for comprehensive stakeholder engagement and & thorough review of the levy’s framework and its broader economic implications .
“The Ministry of Finance looks forward to working closely with the Service and all relevant parties to devise a more equitable and efficient revenue structure that susports both revenue generation and economic growth and stability.
“Ensure strict compliance. ‘,the memo concluded.
Customs
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