The Subic Bay Metropolitan Authority (SBMA) reported on Monday, June 15, 2026, a 20 percent increase in revenue from port operations in the first quarter of 2026, reaching P389 million from P324 million in the same period last year.
OLONGAPO CITY — The Subic Bay Metropolitan Authority (SBMA) reported on Monday a 20 percent increase in revenue from port operations in the first quarter of 2026, reaching P389 million from P324 million in the same period last year.
SBMA Senior Deputy Administrator for Port Operations Ronnie Yambao said the Seaport Department accounted for the bulk of collections at P302 million, followed by the Airport Department with P50 million and the Trade Facilitation and Compliance Department (TFCD) with P36 million.
Yambao attributed the growth in seaport earnings to higher vessel and cargo charges, which rose by 31 percent alongside a 20 percent increase in ship calls.
Article continues after this advertisement
