Philippine Postal Corporation incurs P432.9M loss in 2022

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Philippine Postal Corporation incurs P432.9M loss in 2022
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As the number of letter senders declines and certain government offices still enjoy free postage, PHLPost now wants the judiciary to start paying for its mail

MANILA, Philippines – The Philippine Postal Corporation suffered a net loss of P432.995 million in 2022 amid a decline in the number of letter senders while free postal service to certain government agencies continues.

During the finance committee budget deliberations on Monday, September 11, PHLPost disclosed an income of P3.112 million against total expenses amounting to P3.545 million.Addressing the issue of free postal services, Senator Francis Tolentino proposed the drafting of a bill to limit the franking privilege.The senator said that the fees for sending mail should be part of the maintenance and other operating expenses of other agencies.

PHLPost data show that the judiciary again leads in utilizing free postage, with 85.32% of exempt mail and parcels originating from this branch. FRANKING PRIVILEGE. The Philippine Postal Corporation shows the breakdown of the franking privilege per government agencies during the Senate Finance Committee budget deliberation on September 11, 2023.

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