PPA dividends

Finance Secretary Carlos Dominguez III (left) receives from Philippines Ports Authority general manager Jay Santiago a check for P4.08 billion, representing the agency’s dividend contributions from its 2021 net earnings. The PPA under the Duterte presidency has turned over to the National Treasury dividend contributions totaling a record P21.48 billion, which exceeds the sum of P20.5 billion the agency had remitted in more than two decades under the previous administrations since 1994.