The Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), and Government Service Insurance System (GSIS) are the top three government owned and controlled corporations (GOCCs) which netted the highest income in 2022. Based on the Annual Financial Report (AFR) on...
Bicol Saro Party-list Rep. Brian Yamsuan (Facebook) Bicol Saro Party-list Rep. Brian Yamsuan has challenged the Governance Commission for Government-Owned and -Controlled Corporations (GCG) to take the lead in promoting good governance in the bureaucracy. This was the gist of Yamsuan's message to...
Liberal Party (LP) President and Albay 1st district Rep. Edcel Lagman is disputing his fellow congressman's claim that the country’s government-owned and controlled corporations (GOCCs) has surplus earnings for the proposed Maharlika Investment Fund (MIF). Albay 1st district Rep. Edcel Lagman...
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"...
The approval of the proposed Maharlika Investment Fund (MIF) must be recalled by the House of Representatives, independent minority solon Albay 1st district Rep. Edcel Lagman said on Saturday, Jan. 21. Albay 1st district Rep. Edcel Lagman (Facebook) This, after he got wind of a new MIF that was...
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...
The proposed Maharlika Investment Fund (MIF) that wowed potential investors at the World Economic Forum (WEF) in Davos, Switzerland was essentially a rewritten document that's entirely different from the bill passed by the Philippine House of Representatives. Albay 2nd district Rep. Joey Salceda...
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...
The Energy Regulatory Commission (ERC) indicated that it prefers just having one entity to manage and oversee the Wholesale Electricity Spot Market (WESM) so the industry as well as the Filipino consumers can save on costs. According to ERC Chairperson Agnes T. Devanadera, the current set-up of...
Dividends remitted by government-owned or controlled corporations (GOCCs) surpassed its pre-pandemic collection last year, driven by the fiscal discipline imposed on state-run firms, the Department of Finance (DOF) said. Data from the DOF’s Corporate Affairs Group (CAG) showed on Monday, March...
The national government substantially increased the amount of subsidy it extended to government owned and controlled corporations (GOCCs) last January, particularly to the National Irrigation Administration (NIA). Financial support extended to the state-owned companies accelerated in the first...
Vice President Leni Robredo on Wednesday, Feb. 16, reaffirmed her support for Boracay residents who opposed the creation of the Boracay Island Development Authority (BIDA), which will make the island a government-owned and controlled corporation (GOCC) with powers to lease and sell the real...
