PPA remits P4 billion to national government

By Genivi Verdejo

Mar 23, 2022 12:08 am

THE Philippine Ports Authority (PPA) remitted P4.08 billion in dividends for 2021, for a total of P21.43 billion in six years under the Duterte administration.

'We will remit to the Department of Finance our dividend payment amounting to P4.08 billion representing 60 percent of PPA's P6.79 billion net income for the year 2021. The amount is 8.5 percent higher than what we remitted last year,' PPA General Manager Jay Daniel Santiago said.

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