The national government's earnings from owning certain companies have already reached P88.6 billion, about an elevenfold increase from the P8 billion recorded last year. Speaking at the 2024 Government-Owned or -Controlled Corporations day, Finance Secretary Ralph G. Recto said that they expect to...
Dividends remitted by 49 government-owned or controlled corporations (GOCCs) reached P99.2 billion this year, surpassing its target and the actual collection from last year, data from the Department of Finance (DOF) showed. This figure is 30 times bigger than the P69.12 billion of cash dividends...
At the Governance Awards in PICC Complex. TPB COO Maria Margarita Montemayor Nograles received the award for the Most Improved Government-Owned and Controlled Corporation (GOCC) The Tourism Promotions Board (TPB) Philippines was recognized as one of the Most Improved Government-Owned and Controlled...
The Governance Commission for Government-Owned or-Controlled Corporations (GCG) initiated a dialogue with the Clark Development Corp. (CDC) to come up with an amicable solution to the Compensation and Position Classification System (CPCS). In a statement, Alex L. Quiroz, GCG chairperson said they...
Senate Minority Leader Aquilino Pimentel III said on Thursday, January 26, he is saddened that his motion to refer the controversial Maharlike Investment Fund (MIF) bill to the Senate Committee on Government Corporations and Public Enterprises was not considered by his colleagues. Pimentel had...
The Governance Commission for GOCCs (GCG) conducted an inspection of the Civil Aviation Authority of the Philippines (CAAP) facility on Monday, January 9, 2023, after the breakdown of the latter's Air Traffic Management (ATM) system. The breakdown affected 361 flights and stranded 65,000 passengers...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has asked the Civil Aviation Authority of the Philippines (CAAP) to submit its report over the severe system failure at the Ninoy Aquino International Airport (NAIA). In a statement released on Wednesday, Jan. 4, GCG...
The Governance Commission for Government-Owned or-Controlled Corporations (GCG) has set sight on a new vision and strategy that is aligned with President Marcos’ directive. Alex L. Quiroz, GCG chairperson said the commission is taking on the challenge to be an esteemed institution for corporate...
The amount of subsidy the Duterte administration extended to government owned and controlled corporations (GOCCs) was slashed by half in the first semester, but bulk of it went to National Irrigation Administration (NIA). Data from the Bureau of the Treasury showed that financial support extended...
STA. CRUZ, Laguna--Big corporations and influential individuals who have been occupying Laguna Lake with their huge fish pens will have to go while small fishermen will be assured of wider fishing grounds if and when presidential candidate Senator Manny Pacquiao wins the Palace seat. SILVER...
The Securities and Exchange Commission (SEC) has approved five corporations that will acquire the bad loans and non-performing assets (NPAs) of financial institutions affected by the pandemic-induced crisis, the Department of Finance (DOF) said. In a statement, the DOF said that five Financial...
Pedro Bravo, president; and his wife Ma. Cecilia The Intele Builders and Development Corporation celebrated its 35th year with the theme "Years of Quality Service in the Telecommunications Industry." Celebrating the company's anniversary were Pedro Bravo, president; his wife Ma. Cecilia Bravo, vice...
