SGS wins Manila order

SGS wins Manila order

MANILA (AFP): The Philippines will soon sign an agreement with the Swiss firm, Societe Generale de Surveillance (SGS) for verification of export receipts, government sources said here Sunday.

Under the agreement, the Geneva-based SGS will verify companies' export receipts which will be used as the basis for obtaining special tax credits that the government is extending to certain classes of exporters.

The sources said the agreement could be signed this week. Since August, 1991, SGS has had a contract with the government to check the value of goods shipped to the Philippines in order to curb smuggling.