MANILA, July 18, 2017—Philippine Ports Authority (PPA) General Manager Jay Daniel R. Santiago has reset the revenue targets for the agency for the remaining period of the fiscal year.
This after the PPA posted a 32% hike in net income for the January to May 2017 period to P3.96 billion from P3 billion in the same period last year.
MANILA, July 14, 2017 – The Philippine Ports Authority (PPA) is revisiting its cargo volume forecast for 2017 after posting favorable and encouraging cargo volume in the first 5 months of the year.
PPA said the positive performance in almost all of its ports suggest that the anticipated negative effects of several conditions at the start of the year did not materialize.
JULY 11, 2017, MANILA—With the continuing globalization and the shift in practices from best practices to next practices, the Philippine Ports Authority (PPA) is optimistic to meet global requirements and demands.
Marking its 43rd Founding Anniversary today, 11 July 2017 with the theme “43 years of Responding to Global Challenges in Ports”, the PPA—under the new administration—pushed the reset button to align its processes and policies to these trends that are still parallel to the overall dream of the country to be one of the maritime powers of the world.
JULY 5, 2017, MANILA—To further cement Davao’s claim as the third major international gateway in the country, the Philippine Ports Authority (PPA) has taken over management and operations at its Malalag’s port to upgrade the terminal to international standards.
The PPA and the local government of Malalag already formalized the transfer through a Memorandum of Agreement signed by town mayor, Peter Paul T. Valentin and PPA General Manager Jay Daniel R. Santiago, end of last month.
JUNE 27, 2017, MANILA—The Board of Directors of the Philippine Ports Authority (PPA) approved on May 25, 2017 the application of Manila North Harbour Port, Inc. for a tariff increase on Manila North Harbour Port, Inc.’s (MNHPI) cargo handling rates.
MNHPI previously applied for a one-time 37.45% increase in tariff in order to recoup their investment at the Manila North Harbor from the time MNHPI took over operations from PPA in 2010.
MNHPI is set to invest about P14.5 billion from 2010 to 2035.
MANILA, JUNE 20, 2017—The Philippine Ports Authority (PPA) has started to live stream all its bidding processes to boost the integrity and transparency of the agency’s procurement process.
The PPA, on Tuesday, aired live the bidding for the proposed Abra De Ilog port project that involves the construction of a Reinforced Concrete Pier, Construction of a Ro-Ro ramp and Construction of Access Trestle. The project has a duration of about 360 days or 1 year.
MANILA, JUNE 13, 2017—The Philippine Ports Authority (PPA) posted encouraging revenue figures in the first quarter, a month after revising down its growth forecast for 2017.
Latest data from PPA showed that net income went up 23% to P2.3 billion for the period compared to the P1.93 billion registered in the same period last year. The figure is also higher by 32.84% against the target of P1.78 billion.
MANILA, MAY 11, 2017—To be at par with international maritime stakeholders and to reduce the carbon footprints from ports, the Philippine Ports Authority (PPA) is pursuing the use of renewable energy in all its controlled ports nationwide.
The “Green Port” project is in accordance with the 25-year port development roadmap adopted by Philippine port stakeholders in a summit held in April this year, which will be submitted to the President later this year.
MANILA, MAY 9, 2017—Philippine cargo volume sustained its growth but on a slower pace for the first quarter of 2017 due to the significant drop in the export volume.
The critical developments clouting the mining industry has also affected the industry’s shipments in several ports nationwide.
Latest data from the Philippine Ports Authority (PPA) showed that cargo volume for the first quarter of the year totaled 54.298 million metric tons (mmt) or about 4.15% higher than the 52.133 mmt handled in the same period last year.
MANILA, APRIL 26, 2017—The Philippine Ports Authority (PPA) guarantees sufficient port capacity in the ports of Manila despite possible disruptions brought about by strict security measures for the Asean Summit.
Nonetheless, the PPA is urging cargo owners and consignees to maximize import deliveries for the entire duration of the summit to reduce the commercial impact of the stringent security procedures in their day-to-day operations.