President Marcos has approved the salary increase of government-owned or -controlled corporations (GOCCs) employees. Marcos made the announcement in his speech during the celebration of GOCC day at the Malacañan Palace on Tuesday, Sept. 16. "I have approved the Compensation and Position...
Following the Cabinet reshuffle, 168 heads of government-owned and controlled corporations (GOCCs) have also been ordered by the President Ferdinand Marcos Jr. to file their courtesy resignations. According to a follow-up notice by the Governance Commission for GOCCs (GCG) issued on Wednesday, May...
Despite a year-long trend of declining government support, state-owned corporations, particularly major non-financial institutions, received a substantial boost in subsidies in November last year Data from the Bureau of the Treasury (BTr) showed that state subsidies to government-owned and...
The Marcos administration lowered its financial support for government-owned and -controlled corporations (GOCCs) in July, data from the Bureau of the Treasury showed. The Treasury report revealed that the national government allocated P10.92 billion to support state-owned companies in July, a 69...
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...
The Department of Finance (DOF) has announced its plan to mobilize billions of pesos of dormant funds held by state-owned corporations to bolster government efforts in health, social services, and infrastructure development. In a statement on Monday, July 15, the DOF said that tapping into these...
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...
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...
The amount of subsidy the Marcos administration extended to government-owned and controlled corporations (GOCCs) was raised to 35 percent in February, as the bulk of it went to the National Irrigation Administration (NIA). Based on the Bureau of the Treasury data, financial support extended to...
The national government slashed the amount of subsidy it extended to government-owned and controlled corporations (GOCCs) to around 18 percent last year, but bulk of it went to the Philippine Health Insurance Corp. (Philhealth). Financial support extended to the state-owned companies plunged to...
