Tuesday 21 May
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:
error

Tags: , , , , , , , , ,

Related Stories
Bilyonaryo Enrique K. Razon Jr.’s International Container Terminal Services Inc. has obtained the Philippine Competition
Stakeholders of the shipping industry have declared their commitment to ensure the efficient utilization of
International Container Terminal Services Inc. (ICTSI) will help the government build new and affordable housing


 

Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.