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Manila Bulletin devider Philippines devider National devider PPA remits P5.3 B, earns top GOCC recognition

PPA remits P5.3 B, earns top GOCC recognition

Published Jul 11, 2026 06:06 pm
The Philippine Ports Authority ranked sixth among the country's top-performing government-owned and controlled corporations (GOCCs) after remitting over P5.2 billion to the national government.
The agency is consistently in the list of the top performing GOCCs and PPA General Manager Jay Daniel Santiago said its continued inclusion among the country's leading dividend contributors reflects its sustained financial growth, operational efficiency, and prudent fiscal management.
The recognition, held in Malacañang and was graced by President Marcos, was given just a few days before the PPA celebrates its 52nd anniversary.
"This recognition reminds us that every achievement of the PPA belongs to the nation. Every peso we remit reflects our responsible stewardship of public resources, while every investment we make in modernizing our ports helps strengthen trade, tourism, and connectivity for future generations,” said Santiago who received the award.
“This milestone inspires us to continue serving with excellence, integrity, and accountability. The PPA remains committed to balancing strong financial performance with its primary mandate of delivering efficient, reliable, and responsive public service through modern port infrastructure,” he added.
The six highest dividend-contributing GOCCs recognized this year were the Bangko Sentral ng Pilipinas (₱62.39 billion); Land Bank of the Philippines (₱32.35 billion); Philippine Deposit Insurance Corporation (₱9.69 billion); Manila International Airport Authority (₱7.59 billion); Philippine Amusement and Gaming Corporation (₱5.67 billion); and the Philippine Ports Authority (₱5.33 billion).
GOCCs are mandated to remit at least 50 percent of their annual net earnings to the National Government based on Republic Act No. 7656, or the Dividends Law.
Since 1986, the PPA has remitted a cumulative ₱62.33 billion in dividends, reinforcing its longstanding contribution to national development and fiscal sustainability.
Of the PPA’s cumulative ₱62.33 billion in dividend remittances, more than two-thirds of the figure, or P41.5 billion, were remitted from 2016 to 2025 under Santiago.
PPA’s ₱5.33-billion dividend declaration for Fiscal Year 2025 likewise stands as the highest single dividend remittance in PPA's history since its establishment in 1974.
As of July 2026, the National Government has received approximately ₱139.8 billion in dividend remittances from 50 GOCCs, surpassing last year's collections.

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