Lumaktaw sa pangunahing content

GOCCs remit dividends worth over P160B to govt

The government has received more than P160 billion in dividends from state-owned firms as of mid-December, the Department of Finance (DoF) reported on Wednesday.

In a statement, the Finance department said 62 government-owned and -controlled corporations (GOCCs) remitted P160.62 billion to the Bureau of the Treasury (BTr) as of December 15.

The dividends, it added, aim “to help fund the government’s continuing efforts to curb the spread of Covid-19 (coronavirus disease 2019) and provide economic relief to pandemic-hit businesses and individuals.”

Of the amount, P133.50 billion are cash dividends from 55 GOCCs, as ordered by Republic Act (RA) 7656, or “the Dividends Law.” The law requires these firms to remit at least 50 percent of their net earnings to the national government (NG).

Unutilized subsidies, payment of guarantee fees and NG advances, and other forms of remittances account for the remaining P27.12 billion.

The dividends are “almost double the actual full-year collections for 2019,” which amounted to P69.2 billion, the DoF said.

The Bangko Sentral ng Pilipinas was the top dividend contributor with P40.53 billion. The Philippine Deposit Insurance Corp. and Philippine Amusement and Gaming Corp. followed with P17.98 billion and P17 billion, respectively.

Other billion-peso contributors are the Tourism Infrastructure and Enterprise Zone Authority with P12 billion; Civil Aviation Authority of the Philippines and Manila International Airport Authority, P6 billion each; Philippine Ports Authority, P5.05 billion; Philippine National Oil Co., P5 billion; Philippine Reclamation Authority, P4.4 billion; National Power Corp., P4 billion; Philippine Charity Sweepstakes Office, P2.27 billion; PNOC Exploration Corp., P2 billion; Philippine Economic Zone Authority, P2 billion; Bases Conversion and Development Authority, P1.17 billion; and Clark Development Corp., P1.13 billion.

Those that remitted less than P1 billion are the Philippine Sugar Corp. with P875 million; National Development Co., P720 million; Sugar Regulatory Administration, P659.55 million; Philippine Crop Insurance Corp., P630.19 million; Subic Bay Metropolitan Authority, P544.65 million; Cebu Port Authority, P500 million; Mactan Cebu International Airport Authority, P500 million; National Home Mortgage Finance Corp. P359.96 million; Metropolitan Waterworks and Sewerage System, P358.50 million; Philippine International Trading Corp., P324.11 million; Philippine Retirement Authority, P216.37 million; Phividec Industrial Authority, P160 million; Clark International Airport Corp., P140.01 million; APO Production Unit Inc., P111.70 million; Social Housing Finance Corp., P109.63 million; National Electrification Administration, P85.72 million; Philippine Postal Corp., P80.35 million; Food Terminal Inc., P71.46 million; Philippine International Convention Center, P69.95 million; Philippine Fisheries Development Authority, P62.90 million; LBP Insurance Brokerage Inc., P62.77 million; and Authority of Freeport Area of Bataan, P53.93 million.
Other agencies that also contributed are the Laguna Lake Development Authority, LBP Resources and Development Corp.; LBP Leasing and Finance Corp., Human Settlements Development Corp., Small Business Corp., Local Water Utilities Administration, DBP Leasing Corp., Cagayan Economic Zone Authority, National Housing Authority, Nayong Pilipino Foundation Inc., Batangas Land Co. Inc., Philippine Mining Development Corp., Kamayan Realty Corp., Aurora Pacific Economic Zone and Freeport Authority, DBP Data Center Inc., Alabang Sto. Tomas Development Inc., NDC Philippine Infrastructure Corp., and the Pinagkaisa Realty Corp.


Source: ManilaTimes
Mga etiketa:

Mga Komento

Mag-post ng isang Komento

Mga sikat na post sa blog na ito

Leonen is backlog topnotcher

Supreme Court Associate Justice Marvic Mario Victor Leonen has racked up the top spots in his division and the court en banc in terms of pending cases. Marvic Leonen Documents from the court show that aside from 82 unresolved en banc cases, Leonen also has 899 pending cases in the Third Division as of March 31, 2020. The division’s Statistics on Judicial Pending Cases was signed by Division Clerk of Court Misael Domingo Battung erd. Leonen has 199 cases classified as “aging” and 700 “non-aging” cases in the Third Division which he heads. Non-aging cases are cases which are waiting for other pleadings to be submitted. Other members of the Third Division at that time when the statistics were made were Justices Alexander Gesmundo, Rosmari Carandang, Rodil Zalameda and Samuel Gaerlan. Leonen has been with the Supreme Court for eight years, having been appointed by President Benigno Aquino 3rd on Nov. 21, 2012. He turns 58 years old on December 29. He is the division’s m...
Mag-post ng isang Komento
Magbasa nang higit pa

TikTok donates $300,000 for typhoon victims in PH

Over the course of two weeks, two devastating back to back typhoons hit the Philippines. On November 1st, Super Typhoon Rolly (Goni) the strongest typhoon ever recorded in recent history struck the southern region of the Philippines. An estimated two million Filipinos have been affected, many of whom lost their homes and livelihoods. Ten days later, Typhoon Ulysses (Vamco) swept through many of the same provinces previously devastated by Typhoon Rolly, including Metro Manila and parts of Central Luzon leaving widespread flooding and power outages. Many areas are still struggling to recover from the aftermath of these calamities. Homes and livelihood across various provinces were lost to floods, strong winds and rain. LGUs and other organizations continue to mobilize and provide assistance to all who were affected by these typhoons, but many are still in desperate need of help. In line with its mission to inspire creativity and bring joy, TikTok has pledged to donate $300,000 (approxi...
Mag-post ng isang Komento
Magbasa nang higit pa

Ladies Who Shaved Their Private And Public Hair Needs To Know This

Many women practice waxing or shaving as methods of removing body hair. Still, a recent research has shown that this habit is dangerous and it must be stopped right away. This research was carried out by a team of scientists led by Andrea De Maria and it was published in the “American Diary of Obstetrics and Gynecology”. The results of the research have indicated that eighty seven percent of women go to the beauty salon to get their private intimate parts waxed, while ninety percent of all women shave their pubic hair on a regular basis. Nevertheless, De Maria claims that women should not wax or shave their private parts. As De Maria explains, the skin in the genital region is pretty sensitive and vulnerable to infection, particularly when there are small cuts and wounds on the surface of the skin caused during the process of shaving or waxing. This region also contains a great number of sweat glands and this means that this region is perfect for the growth of bacteria. Event...
Mag-post ng isang Komento
Magbasa nang higit pa