24 MARCH 2021, MANILA—Despite facing difficulties posed by the pandemic, the Philippine Ports Authority (PPA) managed to collect billions of pesos in dividend remittance to the national government for fiscal year 2020.
And while existing law mandates PPA to give at least 50% of its net income annually to the government, PPA General Manager Jay Daniel R. Santiago said the PPA Board has approved the initiative to give 56% of its net income for 2020 to the national coffers to assist the government in its COVID-19 response.
