PPA nets record-high P20.4 billion in revenue in 2022

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The Philippine Ports Authority said it generated a total of P20.4 billion in revenue last year, the most since its creation in 1974. | zacariansINQ

4 family members and a mistress: Who are the 5 linked to HK model Abby Choi’s grisly murder?he revenue increase is proof of the PPA’s efficient management of expenses, as well as in streamlining delivery of services to port users and stakeholders, said Santiago.

“In the past 10 years, the next highest total revenue of PPA was recorded during the pre-pandemic year 2019 amounting to P18.3B which is 5% higher than the income reached in 2018, so my point is, we can always surpass the initial target because we have set our own high value goals,” he said. Citing the PPA 2022 report, Santiago also highlighted the agency’s performance after a 7.15 percent increase of containers handled at ports nationwide which resulted in a 5.01 percent increase in the volume of domestic cargoes.Meanwhile, sea travelers also increased by 155.97 percent or 35, 997,226 passengers, while ship calls also increased by 25.31 percent .

This increase, however, is mostly attributed to domestic ship calls after attaining a percentage of 26.22 or having 96,352 ship calls.

 

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