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Angara pushes for bill introducing institutional reforms in CAAP

Senator Sonny Angara on Monday, January 9 pushed for the passage of a bill that seeks to introduce reforms and strengthen the Civil Aviation Authority of the Philippines (CAAP). Angara said the technical glitch that hit the country’s air traffic management system that led to the disruption of

Marcos signs EO on DBP dividend rate adjustment

President Ferdinand "Bongbong" Marcos Jr. has signed an executive order (EO) adjusting the percentage of net earnings to be declared by the Development Bank of the Philippines (DBP). President Ferdinand 'Bongbong' Marcos Jr. (Malacañang Photo) Under the EO signed by the President on Dec. 9, th

DBP exempted from remitting earnings in 2021

Citing the Development Bank of the Philippines’ role in the recovery of industries hit by the COVID-19 pandemic, President Marcos issued an executive order exempting the DBP from remitting its earnings to the national government for the year 2021.

PPA remits precedent-setting dividends—DOF – Manila Bulletin

Dividends remitted by the Philippines Ports Authority (PPA) to the government coffers under President Duterte’s watch exceeded the sum it had contributed in more than two decades, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III on Wednesday, March

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