Philippines: The Port of Manila recorded revenue of PHP53.723 billion (US$3.5 billion) and registered a surplus of PHP3.523 billion (US$80.2 million) for 2010 despite falling revenue for the last six months.
The P53.723 billion did not include Tax Expenditure Fund (TEF) or commonly known as deferred payments.
Last year's figures are reportedly 17.9 percent and 38.1 percent higher than 2008 and 2009, respectively.
The figures place the port as the best performing in the country and the only "billionaire" port in the country, according to the Manila Bulletin.
Irish Sacay
