Published April 27, 2021, 7:00 AM The Department of Finance (DOF) has proposed to increase to 75 percent from 50 percent the minimum dividend remittances of state-owned companies as one of measures to raise revenues for the government’s additional economic stimulus spending. Finance Secretary Carlos G. Dominguez III said they are planning to increase the mandatory dividend remittance of government-owned and -controlled corporations (GOCCs). He, however, said the planned increase requires amendments to the Dividend Law or Republic Act No. 7656. In a letter to House Speaker Lord Allan Q. Velasco dated April 15, 2021, Dominguez said that GOCC dividends are among the possible funding sources for the proposed third stimulus package. The finance chief also revealed this at the Sulong Pilipinas forum Monday where he said the government is looking for sources of revenues for the proposed Bayanihan 3 economic stimulus being initiated by Congress.