Philstar.com·3 min read·medium
More GOCCs eyed for P1 billion dividend club
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Aubrey Rose Inosante
✦AI Summary
The Philippine Department of Finance aims to increase the number of state-run firms contributing at least P1 billion in dividends to the national treasury. While dividend remittances are expected to hit record highs, government subsidies to these corporations have decreased significantly.
MANILA, Philippines - Finance Secretary Frederick Go hopes more state-run firms will break into the P1-billion dividend mark next year, with remittances expected to hit a record P147.15 billion by year-end.
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