Tag: Government-Owned or -Controlled Corporations (GOCCs)
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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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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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