Tag: Department of Finance (DOF)
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GOCCs’ dividends reach P116.8 billion
MANILA – Government-owned and -controlled corporations (GOCCs) have remitted a whopping PHP116.84 billion in dividends to the National Treasury as of September this year, the Department of Finance (DOF) reported Tuesday during the 2025 GOCCs’ Day rites in Malacañang. The dividends came from 53 GOCCs, with 15 remitting at least PHP1 billion each. The Land…
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SBMA remits P1.47-B dividend to national gov’t
MANILA – The Subic Bay Metropolitan Authority (SBMA) remitted PHP1.47 billion in dividends, the Department of Finance (DOF) said Tuesday. In a statement, Finance Secretary Ralph Recto said the amount remitted on July 14 would help fund public programs without raising taxes. It is in line with President Ferdinand R. Marcos Jr.’s directive to uphold…
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Dividends from GOCCs to surpass P100-B this year
MANILA – The Department of Finance (DOF) is confident that dividends from government-owned or -controlled corporations (GOCCs) this year will surpass over PHP100 billion collected in 2024. In a statement Wednesday, the DOF said that as of May 15 this year, dividend remittances from GOCCs already reached more than PHP76 billion. The amount was sourced…
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Recto urges Japanese firms to invest in PH
MANILA – Finance Secretary Ralph Recto urged Japanese investors to invest in the Philippines and assured them that ongoing amendments to the country’s fiscal incentives system will address their key concerns. “To begin with, the Philippines is booming and has all the makings of a tiger economy. This makes us the most strategic safe haven…
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Solon reaffirms commitment to support measures vs smuggling
ZAMBALES — House Committee on Bases Conversion Chairman and Zambales 1st District Representative Jefferson Khonghun reaffirmed his commitment to support measures aimed at curbing smuggling activities and safeguarding the well-being of Filipino citizens. Khonghun stressed that President Ferdinand R. Marcos Jr.’s directive to intensify efforts against the smuggling of tobacco and vape products is a significant…
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PBBM: GOCC’s remitted dividends to be utilized to improve Filipinos’ lives
MANILA — President Ferdinand R. Marcos Jr. assured the Government-Owned or -Controlled Corporations (GOCCs) that the dividends they remitted to the national government will be utilized to improve the lives of the people. The President attended the 2024 GOCCs’ Day at the Philippine International Convention Center (PICC) in Pasay City where he also led the…
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CDC remits P1.80B cash dividends to national treasury
CLARK FREEPORT – The Clark Development Corporation (CDC) said it has remitted an all-time high PHP1.80 billion in cash dividends to the national government. In a statement on Monday, the CDC said the cash dividend last year was 49 percent higher than the PHP1.207 billion remittance in 2022. Department of Finance (DOF) records showed that…
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