GOCC dividends surge to P88.6B

May 07, 2024 12:28 am

DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday.

The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year.

GOCC DAY President Ferdinand Marcos Jr. chats with Finance Secretary Ralph Recto during the Government-Owned or Controlled Corporations’ Day celebration held at the Philippine International Convention Center in Pasay City. PHOTO BY RENE H. DILAN

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

DTI inks deal with retailers, suppliers

Wall Street drafts Trump wish lists

Global food prices hit 18-month high – FAO

BSP cited for Coin Deposit Machines

China consumer prices rise slowly in October

EU leaders vow 'urgent' economic overhaul

Panama Canal transit could increase, says chief