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11-fold GOCC dividend rise stirs hope on ₱100-billion goal

THE national government collected P88.3 billion in dividends from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 2024, to earmark the state’s priority projects and programs without imposing new taxes. The total dividends collected were higher by 1,100 percent, or an elevenfold increase, than the roughly P8 billion…

GOCCs must remit 25% more dividends to national government

THE Department of Finance (DOF) has increased the mandated dividend remittance rate of government-owned and -controlled corporations (GOCCs) to the national treasury to at least 75 percent of their net earnings from the minimum 50 percent to improve non-tax revenue collections. Finance Secretary Ralph G. Recto told reporters in a…

BCDA remits P1 1 billion to government

BCDA remits P1 1 billion to government
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