In compliance with the directive of President Bongbong Marcos to reduce transportation costs, the Philippine Ports Authority (PPA) announced the suspension of port rate hikes and bidding under its Port Terminal Management Regulatory Framework (PTMRF) to give way to its pending review.
In a PortCalls release, it was reported that Department of Transportation Undersecretary Elmer Sarmiento during the 2022 National Maritime Week Celebration also disclosed that PPA is reviewing the possibility to reduce its existing rates.
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