However, “PPA will continue to be resilient and committed to carry out its mandate of better connectivity and carrier amidst these tendencies,” Santiago stated.
PPA registered net income remaining yr of P6.2 billion, eight percent better than that of the preceding yr, pushed by using increase in lay-up fees, berthing fees and remittances from Asian Terminals Inc. Total revenues grew 7 percent to P14.2 billion in 2016.
For this yr, its revised working expenses extended to P16.22 billion from closing year’s P9.33 billion, while total capital expenditure more than doubled to P7.Forty two billion this year from P3.5 billion in 2016.
The higher running expenses may be used to enforce port projects along with the modernization of Mindanao and Visayas ports like Iloilo, Gen. Santos, Cagayan de Oro and Zamboanga and the improvement of all passenger terminal homes, among others, the PPA stated.THE Board of Investments (BoI) authorized on March 15 the software of SL Agritech Corp. (SLAC) as a manufacturer of hybrid rice seeds and by-product (palay) below the agriculture/agribusiness and fishery list of the present day Investment Priorities Plan (IPP).
Trade Undersecretary and BoI Managing Head Ceferino Rodolfo on Tuesday welcomed the registration of the project, announcing it's going to create greater jobs and earnings opportunities for farmers in Mindanao, specifically those in the Davao place.
Given the usa’s restricted land to make bigger rice production hectarage, the usage of hybrid seeds which increase farmers’ yield instead of conventional or regular seeds, is an extraordinary approach to further growth rice production, he said.
Trending Articles00:50Trending ArticlesMayor Isko Moreno: 'The Grand Old Dame' eyes return in May03:50Mayor Isko Moreno: 'The Grand Old Dame' Eyes Return In MayGoing Up00:59Going UpCovid-19 may be contained with right measures -- WHO chief08:10Covid-19 Can Be Contained With Right Measures -- WHO Chief'Project Destination'04:22'Project Destination''Individual Art'02:12'Individual Art'First time 'Titos'01:16First Time 'Titos'WATCH: FDCP chairman and CEO Liza Diño on FDCP’s support to filmmakers03:09WATCH: FDCP Chairman And CEO Liza Diño On FDCP’s Support To Filmmakers
The P450-million challenge is located in Matanao, Davao del Sur. Its hybrid rice, seed production (nine million pounds a year) and palay (1.6 million a year) might be sold to local farmers. Commercial operations begin this month, employing approximately 7,000 human beings, along with farm employees.
PPA registered net income remaining yr of P6.2 billion, eight percent better than that of the preceding yr, pushed by using increase in lay-up fees, berthing fees and remittances from Asian Terminals Inc. Total revenues grew 7 percent to P14.2 billion in 2016.
For this yr, its revised working expenses extended to P16.22 billion from closing year’s P9.33 billion, while total capital expenditure more than doubled to P7.Forty two billion this year from P3.5 billion in 2016.
The higher running expenses may be used to enforce port projects along with the modernization of Mindanao and Visayas ports like Iloilo, Gen. Santos, Cagayan de Oro and Zamboanga and the improvement of all passenger terminal homes, among others, the PPA stated.THE Board of Investments (BoI) authorized on March 15 the software of SL Agritech Corp. (SLAC) as a manufacturer of hybrid rice seeds and by-product (palay) below the agriculture/agribusiness and fishery list of the present day Investment Priorities Plan (IPP).
Trade Undersecretary and BoI Managing Head Ceferino Rodolfo on Tuesday welcomed the registration of the project, announcing it's going to create greater jobs and earnings opportunities for farmers in Mindanao, specifically those in the Davao place.
Given the usa’s restricted land to make bigger rice production hectarage, the usage of hybrid seeds which increase farmers’ yield instead of conventional or regular seeds, is an extraordinary approach to further growth rice production, he said.
Trending Articles00:50Trending ArticlesMayor Isko Moreno: 'The Grand Old Dame' eyes return in May03:50Mayor Isko Moreno: 'The Grand Old Dame' Eyes Return In MayGoing Up00:59Going UpCovid-19 may be contained with right measures -- WHO chief08:10Covid-19 Can Be Contained With Right Measures -- WHO Chief'Project Destination'04:22'Project Destination''Individual Art'02:12'Individual Art'First time 'Titos'01:16First Time 'Titos'WATCH: FDCP chairman and CEO Liza Diño on FDCP’s support to filmmakers03:09WATCH: FDCP Chairman And CEO Liza Diño On FDCP’s Support To Filmmakers
The P450-million challenge is located in Matanao, Davao del Sur. Its hybrid rice, seed production (nine million pounds a year) and palay (1.6 million a year) might be sold to local farmers. Commercial operations begin this month, employing approximately 7,000 human beings, along with farm employees.
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