The Governance Commission for GOCCs (GCG) and the Philippine Competition Commission (PCC) have signed an agreement to exchange information. The memorandum of agreement, covering both private and government-owned companies, was signed GCG Chairperson Alex L. Quiroz and PCC Officer-in-Charge Johannes...
The Overseas Filipino Bank (OFBank) does not have to remit dividends from its 2016 earnings to the national government after President Duterte issued an order cutting its dividend rate. President Rodrigo Duterte (File photo/Malacañang) Under Executive Order No. 146, the President adjusted the...
President Duterte has an option to ask for a supplemental budget from Congress if the government funds won't be enough for the cash assistance to people affected by the pandemic lockdown, according to a Palace official. President Rodrigo Duterte (File photo/ Malacañang) But for now, Presidential...
The bill granting night shift differential pay to government employees, including those working in government owned and controlled corporations or GOCCs, has been approved on third and final reading by the House of Representatives on Monday, August 2. House of Representatives (Alvin Kasiban/MANILA...
State-run National Transmission Corporation (TransCo) has topped the list of government-owned and controlled corporation (GOCCs) in terms of heftiest remittance to the national government with its P8.32 billion worth of dividends. The company said its dividend turnover to the national treasury...