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

Canadians Abroad Roundup: Will Laryea be next Canadian in Premier League?

January was a transformative month for the Canadian men’s national team. Wins in Honduras and at home to the U.S. – coupled with the El Salvador road victory on Feb. 2 – all but guaranteed its qualification for the 2022 World Cup. Fans could start monitoring flights to Doha with relative comfort. An arguably superior development transpired that month, too. Nine Canadian-eligible players secured loans or permanent transfers to new clubs in the transfer window. Many of those moves were steps up in terms of the quality and size of the respective teams. For instance, Stephen Eustaquio joined Porto on loan with an option to buy from Pacos de Ferreira. Now he’s transitioned from mid-table obscurity to a league title and into the Champions League, provided reports are correct and he joins the Dragoes permanently. Ike Ugbo was loaned to Troyes in Ligue 1 from Genk, an admittedly big club in Belgium with a rich history. But moving to a top-five European league, especially to a club under t...
Mag-post ng isang Komento
Magbasa nang higit pa

Inflation seen to pick up in Jan

The Bangko Sentral ng Pilipinas (BSP) said on Friday the country’s headline inflation likely rose to 3.7 percent this month on higher prices of fuel, meat and sin products, and on increased power rates. A shopper checks out goods at a stall in a market on Commonwealth Avenue in Quezon City on Tuesday.PHOTO BY RUY MARTINEZ In a statement, BSP Governor Benjamin Diokno said January’s point inflation estimate was within the 3.3- to 4.1-percent forecast range of the central bank. The outlook was faster than the 3.5-percent consumer price growth in December 2020 and the 2.9 percent a year earlier. The Philippine Statistics Authority (PSA) will release official January inflation data on February 5. “Higher prices of fuel and meat, as well as increased Meralco (Manila Electric Co.) power rates and excise taxes on alcoholic beverages and tobacco, contributed to upward price pressures during the month,” Diokno said. Local oil companies hiked fuel prices three times this month. Price incr...
Mag-post ng isang Komento
Magbasa nang higit pa

Signs Of Cervical Cancer All Woman Should Know

Cervical or cervix malignancy can be risky in women. Though the statistics of this disease are shocking, if diagnosed early it can be treated. Cervical malignancy is due to the highly infectious HPV or human papillomavirus.  It is sexually transmitted and exists in different forms. A HPV infection may disappear without treatment or develop to an abnormal cell development that could cause cervical cancer. 7 Signs of Cervical Cancer Continuous pain in the legs, hips or back The swelling in the cervix may compress other organs. This may make it difficult for blood flow in the veins and may prevent blood from reaching the pelvis and legs, thus pain and swelling in the legs. Abnormal discharge When the disease starts to develop in the cervix, the uterine divider cells begin to loosen hence a watery discharge. Pain or bleeding Cervical tumor may develop on the cervix’s dividers which can dry out and eventually burst, hence distress and rectal or bladder bleeding. ...
Mag-post ng isang Komento
Magbasa nang higit pa