THE Philippine Ports Authority reported a 20.5 percent increase in net income to P5.58 billion last July from P4.63 billion a year earlier.

“The sustained positive outcome in shipping and trade at the ports—a result of the country’s upbeat economic and business atmosphere and heightened domestic demand—continue to spark progression in PPA’s operational and financial performance,” PPA General Manager Jay Daniel Santiago said in a statement released during the weekend.

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