PPA revenues up by 24.5% in 2023

THE Philippine Ports Authority's (PPA) revenues surged by 24.5 percent to reach P25.4 billion in 2023, surpassing the previous year's record of P20.4 billion.

The growth in PPA's revenue and its financial stability were attributed to effective management strategies. Notably, only 0.37 percent of PPA's revenue remained as accounts receivable from port dues of vessels, cargo charges, rentals and other miscellaneous fees, indicating swift and efficient collection processes.

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