The Civil Aviation Authority of the Philippines (CAAP) has handed over P21.127 billion in remittances to the National Treasury from 2017 to 2020--a huge uptick when compared to its fiscal output in the years before the Duterte administration. CAAP Director General Jim Sydiongco (Screengrab from...
Malacañang is hopeful that the Nayong Pilipino Foundation (NPF) will not make decisions that will contradict the orders of President Duterte as it is still under his supervision. Presidential spokesperson Harry Roque (OPS / FILE PHOTO / MANILA BULLETIN) Presidential Spokesman Harry Roque made...
Increased demand for public health services as well as the government’s cash aid for workers in small businesses pushed up the Duterte administration’s monetary support to state-run companies last year. Data from the Bureau of the Treasury showed that total subsidies to government-owned...
The Department of Finance (DOF) said that three-fourths of the record cash dividends remitted by government-owned and controlled corporations (GOCCs) last year partly funded the social amelioration program (SAP). In a statement, Finance Undersecretary Antonette Tionko said that about P119.1 billion...
The private sector's takeover of water districts often results in job losses to government employees, something that worries the Local Water Utilities Administration (LWUA). LWUA Administrator Jeci Lapus said that because of the joint ventures (JV) between private companies and state-owned water...
Prime Water Infrastructure Corp., a company owned by the family of Senator Cynthia Villar, has already taken over “100 water districts and counting” nationwide, a top official from Local Water Utilities Administration (LWUA) said. LWUA Administrator Jeci Lapus said that of the more than 500...
State-run Philippine Amusement and Gaming Corp. (Pagcor) has remitted additional funds to the Bureau of the Treasury for the government’s efforts in curbing the spread of COVID-19 and providing economic relief. In a statement, Recto Baltazar Jr., Pagcor vice-president, said the gaming regulator...
Dividends remitted by government-owned or controlled corporations (GOCCs) nearly doubled this year that helped the country’s efforts to curb the spread of COVID-19 and provide economic relief to pandemic-hit businesses and individuals. Data from the Department of Finance (DOF) showed that...
Monetary support to government companies is set to breach last year’s record by October driven by the Duterte administration’s coronavirus response, data from the Bureau of the Treasury revealed over the weekend. Total subsidies to government-owned and -controlled corporations (GOCCs) reached...
