Clark International Airport Corp. (CIAC) has remitted ₱282 million in dividends to the Bureau of the Treasury (BTr), its highest remittance to the national government yet.CIAC, the aviation and land development arm of the state-run Bases Conversion and Development Authority (BCDA), said these...
Bringing the compensation levels of employees and executives at government-owned and/or -controlled corporations (GOCCs) at par with their private-sector counterparts would help strengthen good governance and financial prudence at state-owned enterprises (SOEs) in the Philippines, according to the...
Transparency and accountability are two crucial elements necessary for good governance and public administration. Sad to state, these two principles are slowly fading away.This is why the move of the Governance Commission for GOCCs (GCG) to strengthen its policy on the protection of whistleblowers...
Whistleblowers within government-owned and -controlled corporations (GOCCs) are now protected from retaliatory acts under a new policy.Revisions have been made by the Governance Commission for GOCCs (GCG) on existing memorandum circulars (MCs) covering whistleblowers reporting illegal and unethical...
President Marcos has authorized the reduction and condonation of real property taxes and penalties on power generation facilities of Independent Power Producers (IPPs) under build-operate-transfer contracts with Government-Owned-or-Controlled Corporations (GOCCs).(Noel Pabalate/MANILA...
The Philippines is consolidating state-run corporations in hopes they would attract and retain top talent by being competitive with private-sector salaries.The Organization for Economic Cooperation and Development (OECD) group of rich nations noted in a Dec. 11 report that the Philippine government...
Finance Secretary Ralph G. Recto said the government’s non-tax revenues are projected to increase by twofold this year due to remittances from government-owned and controlled corporations (GOCCs).Speaking at the post-SONA discussion, Recto remained firm that the government is on track to hit...
The government raised its budgetary support to state-run firms by 31 percent to P9.7 billion in May, with the bulk of the subsidies intended to support the agriculture sector.Data from the Bureau of the Treasury showed subsidies to government-owned and controlled corporations (GOCCs) in May...
The national government reduced the amount of subsidy to government owned and controlled corporations (GOCCs) in March this year, based on data from the Bureau of the Treasury.Financial support extended to state-owned corporations amounted to P6.87 billion in March, down by 36 percent compared with...
President Marcos has lauded the Philippine Ports Authority (PPA) for being a consistent top performer among government-owned and controlled corporations (GOCCs) as reflected in its cash dividends that were remitted to the national government in the past years.PPA General Manager Jay Daniel Santiago...
President Marcos has commended Government-Owned or -Controlled Corporations (GOCCs) for their role in the country's continued progress as he honored them for their invaluable contributions to the nation’s coffers.President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)Marcos said this as he led...
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...
