Philippine Economy Continues To Grow Despite Global Uncertainties

Amid rising global volatility, the Philippines has recorded a notable 5.4% economic growth in the first quarter of the year.

DTI Chief: First Quarter GDP Growth Shows Resilient Philippine Economy

According to DTI, the GDP growth in the first quarter of 2025 highlights the resilience of the Philippine economy amid ongoing challenges.

Solar-Powered Irrigation Projects To Boost Rice Production In Albay

In Albay, the National Irrigation Administration revealed an investment of PHP320 million for 16 solar-powered irrigation systems to support rice farmers.

Is The Soulmate Ideal Reality Or A Social Illusion?

The notion of soulmates gives hope, but does it mislead us about the realities of love?

PPMC Takes Over Interim Operations Of San Fernando Seaport

PPMC assumes operational control over San Fernando Seaport to maintain continuity of services.

PPMC Takes Over Interim Operations Of San Fernando Seaport

6015
6015

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Bases Conversion and Development Authority (BCDA) said its subsidiary, Poro Point Management Corp. (PPMC), will have interim operational control over the San Fernando Seaport.

In a statement on Friday, the BCDA said a memorandum of agreement (MOA) signed by BCDA President and CEO Joshua Bingcang and PPMC President and CEO Felix Racadio, grants the PPMC interim operational control over the seaport and ensures the continuity of operations and provision of services in the seaport area.

This came after the lease contract of the previous operator, Poro Point Industrial Corp., (PPIC) expired on Oct. 31, 2024, and the company signified its intent to cease operations.

Prior to the expiration of the lease, the BCDA offered PPIC a three-month holdover authority to ensure uninterrupted operations of the seaport while it is preparing for a competitive bidding for a new operator.

The BCDA said PPIC declined the offer and confirmed its intent to cease operations.

To ensure continuity, the BCDA Board of Directors authorized PPMC to take over interim seaport operations effective Nov. 6, 2024.

The MOA formalizes the interim arrangement until a new operator is selected.

Under the MOA, PPMC shall ensure the continued provision of key services, including cargo handling, customs brokerage, warehousing, and equipment rentals.

It is also tasked to oversee the safety and security, environmental protection, trade facilitation, and labor regulations in the seaport. It shall maintain and repair all the structures in the area.

“The BCDA recognizes the vital role played by the San Fernando Seaport in facilitating international trade, boosting supply chains, and supporting various industries in La Union and Northern Luzon. The seaport has been a key driver of growth, generating jobs and livelihood for the community,” Bingcang said.

“That is why there is a need to ensure that services in the seaport are uninterrupted. We thank the PPMC for taking on this task on an interim basis,” he added. (PNA)