Connect with us

Hi, what are you looking for?

News

Ports report increased passenger, cargo volumes in third quarter 

THE Philippine Ports Authority (PPA) said on Wednesday that passenger and cargo volumes rose sharply in the third quarter as pandemic restrictions were relaxed.

The PPA said in a statement that passenger volume for the period rose 233.54% from a year earlier to 15.71 million passengers as mobility improved with the waning of the coronavirus outbreak.

Meanwhile, container traffic rose 9.7% year on year to 2.03 million twenty-foot equivalent units (TEUs).

The PPA said domestic container volume rose 9.47% year on year to 759,884 TEUs.

Foreign containers rose 10.4% year on year to 1.27 million TEUs.

The PPA booked net income for the nine months to September of P7.16 billion, it said, off revenue of P14.86 billion.

In its financial report for the third quarter of 2021, the PPA said net income was P6.2 billion and revenue P12.82 billion.

Transportation Secretary Jaime J. Bautista has said that the port regulator is pursuing further upgrades to its operations.

“Initially, the agency is targeting those low-hanging fruit and slowly working from there,” the PPA said in a statement. — Arjay L. Balinbin

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

Data is becoming the lifeline of businesses today. Organizations are beginning to realize that they have to know how to store and manage data...

News

Five-dollar bills are inspected at the Bureau of Engraving and Printing in Washington, D.C., March 26, 2015. — REUTERS THE PHILIPPINES’ dollar reserves dipped...

News

Families enjoy taking pictures around Luneta Park in Manila, Nov. 28. Economic managers are targeting 6.5-7.5% gross domestic product growth this year, and 6-7%...

News

Students attend a cooking class at the Technical Education, Skills and Development Authority (TESDA) training school in Taguig City, March 23. — PHILIPPINE STAR/...

News

Filipino fans attend K-pop group NCT 127’s concert at the SM Mall of Asia in Pasay City, Sept. 2. Aside from NCT 127, many...

News

SAM WORTHINGTON in Avatar: The Way of Water LONDON — Filmmaker James Cameron is taking audiences back to his visually mesmerizing world of Pandora,...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.