GOCC dividend remittances jump 52%
GOCC dividend remittances jump 52%
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00:00Department of Finance, or DOF, reported dividends from government-owned and controlled corporations,
00:06or GOCCs, increased by 52 percent in the first seven months of the year, reaching 95.54 billion
00:13pesos, compared to 63.02 billion pesos last year.
00:17The Land Bank of the Philippines contributed 32.1 billion pesos, followed by the Banco
00:22Central ng Pilipinas, or BSP, with 13.2 billion pesos.
00:27Other contributors included the Philippine Deposit Insurance Corporation, or PDIC, Philippine
00:33Ports Authority, or PPA, and Philippine Amusement and Gaming Corporation, or PAGCOR.