MARCH 22, 2015, MANILA—The Philippine Ports Authority (PPA) posted a 15% hike in net income despite the Manila port congestion, which bugged the port for the majority of 2014.
Latest data from the state-owned agency showed that net income after tax reached P4.26 billion from P3.70 billion posted in 2013.
The actual figure is also higher by about 16% compared to the target net income of P3.67 billion or a difference of about P582 million.
MARCH 19, 2015, MANILA—The Philippine Ports Authority (PPA) and the Port of San Francisco are strengthening their sister port agreement after delegates from the Port of San Francisco Commission inspected the Manila Ports early this week to observe how port operations are conducted in the Philippines.
FEBRUARY 27, 2015, MANILA—Philippine cargo volume went up 5% in 2014 despite the so-called Manila port congestion.
Latest data from Philippine Ports Authority (PPA) showed that volume rose about 5% to 211.20 million metric tons (MMT) for the entire 2014 period from 201.91 MMT posted in the same period last year.
The next seven days will make or break the port decongestion efforts being carried out by the government, according to the Philippine Ports Authority (PPA).
PPA said if yard utilization at the two Manila Ports remain at current level during the said period, it will easily bring back the ports to congestion level after the 5-day Papal visit scheduled for January 15 to 19, wherein majority of the activities are concentrated in the City of Manila.
MANILA, FEBRUARY 3, 2014—The Philippine Ports Authority (PPA) posted higher net income in the first 10 months of 2013, enabling the agency to donate P20 million to Yolanda-ravaged areas.
Latest data showed that net income reached P4.87 billion in the January-October 2013 period or about 58.2% higher compared to the P3.08 billion registered in the same period of 2012.
According to PPA General Manager Juan C. Sta. Ana, the rise in net income was due to the constant decrease in the total expenses, which has been dragging the agencies revenue generation measures the past couple of months.
JANUARY 14, 2015, MANILA—The Philippine Ports Authority announced that Philippine ports will remain open during the entire duration of the Papal visit slated for January 15-19, 2015, except for the Manila South Harbor (MSH).
PPA has already advised its stakeholders to take additional measures to reduce the commercial impact of the slowdown in operations to give way to the security measures being put into place to guarantee the Pope’s safety while on Philippine soil.
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