Seven former secretaries of the Department of Finance (DOF) have expressed their support for utilizing excess funds from government-owned or controlled corporations (GOCCs) to finance important government projects. In a joint statement on Tuesday, Aug. 27, the former DOF chiefs said that...
Finance Secretary Ralph G. Recto has received assurance from his predecessors of their full support, pledging to assist him whenever he may need it. Former finance secretaries Cesar V. Purisima, Carlos G. Dominguez III, and Margarito B. Teves have expressed their support for Recto and assured him...
Ayala Corporation is giving its shareholders shares of stock of subsidiary AC Energy Corporation (ACEN) worth about P4.5 billion as a property dividend. In a disclosure to the Philippine Stock Exchange, Ayala said its Board of Directors has approved the declaration of property dividends consisting...
Former Finance Secretary Cesar V. Purisima paid tribute to the late President Aquino, describing the leader as a person of principle who reversed the Philippine story from “Asia’s sick man to Asia’s bright star.” In a two-page condolences note to Aquino, Purisima described the chief...