Government subsidies to state-owned companies increased in November, with the majority of the funds being allocated to the National Irrigation Administration (NIA) and the National Food Authority (NFA). Data from the Bureau of the Treasury showed that government-owned and -controlled corporations...
The Governance Commission for Government-Owned or Controlled Corporations (GCG) said that appointive directors for state-owned companies are chosen according to their integrity, experience, education, and competence. At the 16th Meeting of the Asia Network on Corporate Governance of State-Owned...
Three state-run banks and insurance corporations received the highest ratings for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the Government-owned and Controlled Corporations (GOCC) governance awards on Monday, Nov. 20, the Land Bank of the Philippines...
The Court of Tax Appeals (CTA) has denied the petition of the National Food Authority (NFA) which challenged the real property tax (RPT) imposed by the municipality of Shariff Aguak in Maguindanao. The NFA questioned the municipality's RPT assessment against it as it argued that it is a government...
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...
The Bases Conversion and Development Authority (BCDA) received its highest performance grade from the Governance Commission for Government-Owned or Controlled Corporations (GCG). In 2022, GCG awarded the BCDA with an overall rating of 96.80 percent, beating its scores from the past seven years. In...
Northern Samar 1st district Rep. Paul Daza (Ellson Quismorio/ MANILA BULLETIN) Northern Samar 1st district Rep. Paul Daza has asked the Bureau of Internal Revenue (BIR) and Bureau of Treasury to look into the alleged non-remittance of some P2 billion in dividends...
President Ferdinand "Bongbong" Marcos Jr. has named Supreme Court Assistant Court Administrator and Public Information Office Chief Brian Keith Hosaka as a commissioner of the Governance Commission for Government-Owned or -Controlled Corporations (GCG). *GCG Commissioner Brian Keith Hosaka (ANC...
The controversial Maharlika Investment Fund (MIF) would not be hindered by the absolute prohibition of access to the state pension funds, National Economic Development Authority (NEDA) Secretary Arsenio Balisacan said. NEDA Secretary Arsenio Balisacan (Photo from the Presidential Communications...
The Governance Commission for Government-owned or Controlled Corporations (GCG) has approved the request of the Duty-Free Philippines Corporation (DFPC) to defer the implementation of the Implementing Rules and Regulation (IRR) of the Restructuring Plan (RP) for 60 days from 15 March 2023. In a...
The Governance Commission for GOCCs (GCG) has assured government workers of an amicable resolution on issues raised in line with the implementation of the Compensation and Position Classification System (CPCS). In a statement, GCG reiterated its steadfast commitment of staying true to its mandate....
The Governance Commission for GOCCs (GCG) is opening its doors to aspiring applicants with a heart for public service to join its agency. The GCG is accepting applicants for IT Officers, Lawyers, Internal Auditors, Corporate Governance Officers, Administrative Officers, Planning Officers, and...
