The P200 billion to be remitted by the national government from government-owned and controlled corporations will fund the salary increases of government employees and infrastructure programs.In his opening speech for the Senate Committee on Health and Demography, Department of Finance (DOF)...
Dividends from government-owned and controlled corporations (GOCCs) increased more than half in the first seven months of the year, the Department of Finance said in a report.In its Facebook post, the DOF shared that it collected a total of P95.54 billion from January to July, 52 percent higher than...
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's earnings from owning certain companies have already reached P88.6 billion, about an elevenfold increase from the P8 billion recorded last year.Speaking at the 2024 Government-Owned or -Controlled Corporations day, Finance Secretary Ralph G. Recto said that they expect to...
Dividends remitted by 49 government-owned or controlled corporations (GOCCs) reached P99.2 billion this year, surpassing its target and the actual collection from last year, data from the Department of Finance (DOF) showed.This figure is 30 times bigger than the P69.12 billion of cash dividends...
At the Governance Awards in PICC Complex. TPB COO Maria Margarita Montemayor Nograles receivedthe award for the Most Improved Government-Owned and Controlled Corporation (GOCC)The Tourism Promotions Board (TPB) Philippines was recognized as one of the Most Improved Government-Owned and Controlled...
The amount of subsidy the Duterte administration extended to government owned and controlled corporations (GOCCs) was slashed by half in the first semester, but bulk of it went to National Irrigation Administration (NIA).
Data from the Bureau of the Treasury showed that financial...