25 MAY 2021, MANILA—The Philippine Ports Authority (PPA) remitted an additional P221 million to the National Treasury in a bid to help the Government in its anti-COVID-19 efforts.
The additional amount raises the total dividend remitted to the Government for year 2020 by an additional P221M or a total of P3.77 billion representing 57.5% of the agency’s net income for 2020.
20 MAY 2021, MANILA—Despite the COVID-19 pandemic, the Philippine Ports Authority (PPA) continues to bring in positive developments one after the other.
This, after PPA General Manager Jay Daniel R. Santiago was recently elected Vice President for Asia, South East and Oceania of the International Association of Ports and Harbors (IAPH).
In a letter dated 13 May 2021 signed by IAPH Secretary-General Masahiko Furuichi, the PPA was informed about the result of the Voting of Confidence by the IAPH members which was undertaken from 12 April to 03 May 2021.
10 MAY 2021, MANILA--The Philippine Ports Authority (PPA) continues to solidify its financial foundation after remitting more than P17 billion in dividends to the National Government (NG) from 2016 to 2020, more than double the total dividends it remitted before the Duterte administration from 2010 to 2015.
26 MARCH 2021, MANILA—In preparation for the possible increase in the number of travelers due to the upcoming Holy Week, and to address the rise in COVID-19 cases, ports under the control of the Philippine Ports Authority (PPA) are now on ‘heightened alert’ to ensure that proper health and safety protocols are observed ahead of the Lenten break.
Special attention is also being implemented in ports located in the “NCR Plus” to guarantee that only authorized persons can enter and exit the facilities.
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.
05 FEBRUARY, 2021, MANILA--Despite the ongoing COVID-19 pandemic, the Philippine Ports Authority (PPA) and the APEC-Antwerp/Flanders Port Training Center, Port of Antwerp International (APEC-PAI) have entered into a new agreement on port cooperation in a bid to create a framework for a mutually beneficial cooperation between the PPA and the APEC-PAI in the field of port training, consultancy, port management and investment opportunities.