5 months DOF sees dividends from GOCCs to top P40 billion in 2019 MB |Biz
By Chino S. Leyco Dividends remittance of state-owned companies to breach the actual collections from last year amid strong revenues of the Philippine Amusement and Gaming Corp. (Pagcor), Philippine Deposit Insurance Corp. and Bangko Sentral ng Pilipinas (BSP), the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III (Bloomberg photo) In a statement, Finance Secretary Carlos G. Dominguez III said the P40.17-billion actual dividends remitted last year will be “easily” surpassed this year after the government already raised P38.9 billion from government-owned and -controlled corporations (GOCCs) as early as May. Dominguez said the mid-May dividends remittance is only ... more