Rizal Hall, Malacañan Palace
August 15, 2018

President Rodrigo Roa Duterte graced the Government Owned and Controlled Corporations (GOCCs) Day at the Rizal Hall in Malacañan Palace.

During the event, President Duterte witnessed the presentation of the Certificate of Acknowledgment of Dividend Remittances with outstanding contributions being administered by Department of Finance (DOF) Secretary Carlos Dominguez III to the GOCCs. These GOCCs are represented by Department of Trade and Industry (DTI) Secretary Ramon Lopez, Food Terminal, Incorporated (FTI) President and Chief Executive Officer (CEO) Ariel Buenaventura, and Department of Transportation (DOTr) Secretary Arthur Tugade.

Hosted by the DOF, the GOCC Day, which became an annual event every 2016, served as a ceremonial turnover of dividends and sought to give acknowledgment and recognition to the GOCCs for the dividend remittances to the national government that contribute to revenue generation and national development.

According to the DOF, from January to December 2017, a total of 54 GOCCs have remitted dividends that amounted to PhP 30.46 billion, a 9.8% increase from the PhP 27.73 billion collected in 2016. From January to July 2018, 54 GOCCs’ remitted dividends reached PhP 32.03 billion.

Among the GOCCs with the most remitted dividends from January to December 2017 were the Philippine Deposit Insurance Corporation (PDIC), Civil Aviation Authority of the Philippines (CAAP), Development Bank of the Philippines (DBP), Manila International Airport Authority (MIAA), Philippine Ports Authority (PPA), Bangko Sentral ng Pilipinas (BSP), National Power Corporation (NPC), and the Philippine Amusement and Gaming Corporation (PAGCOR).

Meanwhile, from January to July 2018, the top contributors were CAAP, PPA, PDIC, PAGCOR, Philippine Charity Sweepstakes Office (PCSO), BSP, and MIAA.

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