Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
The Philippine Ports Authority (PPA) ranked fourth among the government-owned and -controlled corporations (GOCCs) with top dividend contributors to the national government’s coffers in 2023. Citing data from the Department of Finance (DOF), PPA General Manager Jay Daniel Santiago said the agency...
Consunji-led Semirara Mining and Power Corporation (SMPC) has declared record-high special cash dividends of P14.88 billion, based on the approval granted by its board of directors on October 10 this year. The company noted that the special cash dividends will form part of the payout that it has...
Due to higher revenues it fetched from lease contracts, Citicore Energy REIT Corp. (CREIT) has increased its declared dividends to P0.049 per share for the second quarter this year, up 11.4-percent from P0.044 in the same period last year. The company reported that its revenues climbed 21-percent...
Filipino-led Citicore Energy REIT Corp. (CREIT), which is the first renewable energy company in the country to undergo real estate investment trust (REIT) listing , posted marginal income growth of just 2.0-percent in the first quarter this year to P304.96 million from P300.30 million last year. On...
Sy-led Synergy Grid & Development Phils. Inc. (SGP) has declared P914.680 million worth of cash dividends to be paid to its outstanding shareholders next month. In a disclosure to the Philippine Stock Exchange (PSE), the company emphasized that the dividend declaration will account for the...
Whoever said that independent minority solon Albay 1st district Rep. Edcel Lagman and President Ferdinand "Bongbong" Marcos Jr. would never agree on anything regarding the controversial Maharlika Investment Fund (MIF)? Albay 1st district Rep. Edcel Lagman (left) and President Ferdinand "Bongbong"...
There's a brand new version of the controversial Maharlika Investment Fund (MIF), one that apparently has President Ferdinand "Bongbong" Marcos Jr.'s nod. (Mari Gimenez/ Unsplash) Economist-solon Albay 2nd district Rep. Joey Salceda, one of the people who crafted this new MIF, discussed in an ANC...
Clark International Airport Corp. (CIAC) remitted a total of P176,739,971.00 dividends to the Bureau of Treasury, the state-run company reported Tuesday, June 28. The 2022 dividend share to the government was 35 percent higher than the P130.5 million contribution of the agency to the national...
Dividends remitted by the Philippines Ports Authority (PPA) to the government coffers under President Duterte’s watch exceeded the sum it had contributed in more than two decades, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III on Wednesday, March...
73085 The Philippine Ports Authority (PPA) remitted P4.08 billion dividend payment to the Department of Finance, announced General Manager Jay Daniel R. Santiago. The amount remitted Monday, March 21, represents 60 percent of PPA’s P6.79 billion net income for 2021 and is 8.5 percent higher than...
State-owned companies dividend payments were slashed by more than half in the first nine-months of the year, data from the Department of Finance (DOF) revealed. The DOF reported it collected P53.1 billion from government owned and controlled corporations (GOCCs) in January to September, lower by 60...
