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CAAP remits over P21 billion in dividends, contributions under Duterte administration

PASAY CITY, May 23 The Civil Aviation Authority of the Philippines (CAAP) remains steady in its strong fiscal performance after handing over more than P21 billion in remittances to the National Treasury from 2016 to 2020. For the period mentioned, CAAP, an attached agency of the Department of Transportation (DOTr) remitted almost 20 times more than its total P1.3 billion remittance from 2008-2016 combined. This feat has solidified CAAP’s membership in the ‘Billionaires Club,’ an elite circle of government-owned and controlled corporations (GOCCs) that have remitted billions of pesos in dividends and remittances to the national government. Below are the exact comparative figures of CAAP’s remittances:

Letters: The instability of leadership at CPS, CPD and DCFS

Letters: The instability of leadership at CPS, CPD and DCFS
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MIAA s dividend remittance of P13 9B under Duterte admin outpaces agency performance in past 20 years

DOTr Secretary Arthur Tugade (L) and MIAA General Manager Ed Monreal (Photo from DOTr Facebook page) According to the Department of Transportation (DOTr), the amount posted by the agency–P13,900,904,299.33 to be exact–covered the period of 2016 to 2019. What makes the remitted dividends impressive is that in the 20 years prior to the Duterte administration, MIAA was only able to remit an accumulated P11,149,527,394.99. “MIAA’s performance in four years show consistent good fiscal management. My congratulations to the men and women of the MIAA, with the leadership of GM (General Manager) Ed Monreal, for your sterling numbers. The Filipino people stand to benefit from your good work,” DOTr Secretary Arthur Tugade said in a statement Thursday, April 29.

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