Latest Breaking News On - Uot the eo read adjusted dividend rate set forth in section 1 of this order is only applicable to philguarantee for calendar years 2019 and 2020 ra no 7656 requires all government owned or controlled corporations goccs declare remit at least 50 percent their annual net earnings as cash - Page 1 : comparemela.com

MANILA - President Rodrigo Duterte has signed an executive order (EO) adjusting the dividend rate of the Philippine Guarantee Corporation (PHILGUARANTEE). EO No. 153, signed by Duterte on Monday, adjusts the dividend rate of PHILGUARANTEE to zero percent of its annual net earnings from 50 percent following the recommendation of Finance Secretary Carlos Dominguez. "Pursuant to Section 5 of RA [Republic Act] No. 7656, the percentage of net earnings to be declared and remitted by the PHILGUARANTEE to the National Government for CYs [calendar years] 2019 and 2020 is adjusted from 50 percent of its annual net earnings to zero percent," the EO read. The adjusted dividend rate set forth in Section 1 of this Order is only applicable to PHILGUARANTEE for calendar years 2019 and 2020. RA No. 7656 requires all government-owned or -controlled corporations (GOCCs) to declare and remit at least 50 percent of their annual net earnings as cash, stock, or property dividends to the National Go

The philippinesRodrigo duterteBangko sentralCarlos dominguezPhilippine guarantee corporationNational governmentFinance secretary carlosManila president rodrigo duterte has signed an executive order eo adjusting the dividend rate of philippine guarantee corporation philguarantee no 153Igned by duterte on mondayDjusts the dividend rate of philguarantee to zero percent its annual net earnings from 50 following recommendation finance secretary carlos dominguez quot pursuant section 5 ra republic act no 7656He percentage of net earnings to be declared and remitted by the philguarantee national government for cys calendar years 2019 2020 is adjusted from 50 percent its annual zeroUot the eo read adjusted dividend rate set forth in section 1 of this order is only applicable to philguarantee for calendar years 2019 and 2020 ra no 7656 requires all government owned or controlled corporations goccs declare remit at least 50 percent their annual net earnings as cashR property dividends to the national government it also provides that president of philippinesPon the recommendation of secretary financeAy adjust the percentage of annual net earnings to be declared bya gocc in interest national economy and general welfare pursuant ra no 7656He secretary of finance has recommended the downtrend adjustment percentage net earnings that shall be declared by philguarantee as dividends to national government for cys 2019 and 2020