Tag page - GOCC

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...