PPA revenue hits P22.58B
PPA remains consistent as the top government-owned and controlled corporation in terms of dividend contribution.
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PPA remains consistent as the top government-owned and controlled corporation in terms of dividend contribution.
The revenue earned by the Philippine Ports Authority (PPA) stood at P22.58 billion as of the end of October 2024, an increase compared to P20.96 billion during the same period last year.
In a press briefing on Friday, PPA General Manager Atty. Jay Santiago said the PPA remains consistent as the top government-owned and controlled corporation in terms of dividend contribution.
As of 2024, Santiago said PPA received 6,417,517 containers in twenty-foot equivalent units (TEU), constituting 244,723,519 metric tons of goods.
In terms of passenger traffic in PPA-governed ports, a total of 65,666,806 passengers used the ports as of October compared to 73,636,783 last October 2023.
3 cruise terminals set
On the other hand, cruise passenger numbers were at 88,048 from January to October 2024, and they expect 35,137 passengers to arrive from November to December alone.
The PPA expects to finish three cruise port terminals this year, namely the Eva Macapagal Port in Pier 15 in Manila, Port of Jubang in Surigao Del Norte, and Port of Alegria in Buruanga, Aklan.
To date, the PPA completed various port development projects, namely Batangas, Puerto Galera, Currimao, Surigao, Marinduque, Bohol, Cantilan, and Lawigan Ports, and also PPA-Philippine Coast Guar K9 Academy in Pampanga.
Santiago said currently, there are 66 ongoing port projects that the PPA is currently doing.
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