Sunday 16 December
Jul 22, 2018 @ 16:54

GOCCs raise P31B in dividends

 

This is looking to be a record year for these corporations.

Government-owned and -controlled corporations (GOCCs) are on a roll this year, with 51 of 77 entities having generated and remitted P31.3 billion in surplus profits to the Treasury as of mid-July.

The Department of Finance announced the figures in a statement, which they said is poised to exceed the record-high of P33.5 billion remitted for the full year of 2015. The mid-year tally already hit above the amounts remitted in 2016 and 2017.

The top 10 GOCCs are:

  1. Civil Aviation Authority of the Philippines, P6.224 billion;
  2. Philippine Ports Authority, P3.103 billion;
  3. Philippine Deposit Insurance Corp.,P2.844 billion;
  4. Philippine Amusement and Gaming Corp., P2.593 billion;
  5. Philippine Charity Sweepstakes Office, P2.535 billion;
  6. Bangko Sentral ng Pilipinas, P2.5 billion;
  7. Manila International Airport Authority, P2.25 billion;
  8. Food Terminal Inc. (FTI), P963.79 million;
  9. Development Bank of the Philippines (DBP)?, ?P959.04 million;
  10. and the Bases Conversion and Development Authority, P905.74 million.
Please follow and like us:

Tags: , , , , , , , , ,

Related Stories
State-run Philippine Ports Authority (PPA) has earmarked P7.1 billion this year for the construction of
Manila North Harbor Port Inc. is seeking the Philippine Ports Authority's approval to raise cranage
Half of the funds came from penalties paid by Philippine Airlines.
Three state-owned agencies under the Department of Transportation (DOTr) are remitting a total of P11


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.