Port of Manila exceeds collection target

For the third month in a row since January, the Port of Manila (POM) has exceeded its collection target.

POM’s first quarter collection now totals P14.77 billion, or P1.56 billion (12 percent) more than its three-month target of P13.213 billion.

The port’s collection for March stood at P5.097 billion, or P461 million (10 percent) more than its P4.636-billion target for the month.

The January-February breakdown of POM’s first quarter cash collection performance showed that in January, it collected P4.949 billion or P696.69 million (16 percent) more than its target of P4.253.62 billion.

In February, POM collected P5.097.62 billion or P408.91 million (9 percent) more than its target of P4.323.68 billion.

Since Collector Horacio Suansing Jr. took over the leadership of POM last year, the port has been the consistent topnotcher in revenue collections among the three Manila ports, including the Manila International Container Port (MICP) and the Ninoy Aquino International Airport (NAIA).

A comparative analysis of their collections showed that in for the first quarter of the year, MICP had a total cash collection of P10.423 billion, or P1.230 billion (10.6 percent) more than its target of P11.652 billion.

NAIA registered a cash collection of P3.560 billion or just P97 million (2.8 percent) more than its three-month target of P3.463 billion.

The figures do not reflect non-cash collections that include deferred payments by government accounts, and payments made through the application of tax credits and exempted importation.