Page 10 - கேகயன் பொருளாதார ஸோந் அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By TED CORDERO, GMA News Published January 1, 2021 12:23pm Government-owned  or -controlled corporations (GOCCs) remitted a total of P160.62 billion to the Bureau of the Treasury (BTr) as of December 15, 2020, according to the Department of Finance (DOF). In a statement, the DOF said the GOCCs’ remittances will help fund the government’s continuing efforts to curb the spread of COVID-19 and provide economic relief to pandemic-hit businesses and individuals. Of the P160.62-billion remitted to the Treasury, P133.50 billion represents the cash dividends from 55 GOCCs as mandated under Republic Act (RA) No. 7656 or the Dividends Law. The RA 7656 requires GOCCs to remit at least 50% of their net earnings to the National Government (NG).

Manila internationalPhilippines generalBatangas citySubic bayNayong pilipinoTed corderoBangko sentralAlabang stoAntonette tionkoPhilippine retirement authority pretPhilippine national oil companyPhilippine deposit insurance corpCivil aviation authority of the philippinesKamayan realty corporationLaguna lake development authorityNational development company