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GOCC subsidies in March drop 68% to P3.838 billion


BusinessWorld
May 9, 2021 | 7:34 pm
PHILSTAR
BUDGETARY SUPPORT provided to government-owned and -controlled corporations (GOCCs) declined 68% year on year to P3.838 billion in March, the Bureau of the Treasury (BTr) said.
In its cash operations report, the BTr said the year-earlier total was P11.952 billion.
Around 65% of the March 2021 subsidies went to the National Irrigation Administration, down 15% year on year.
The Bases Conversion and Development Authority received P841 million, as opposed to zero a year earlier.
Other GOCCs that received the most subsidies were the Small Business Corp. (P500 million), Philippine Health Center (P444 million); National Kidney Transplant Institute (P320 million), Philippine National Railway (P312 million) and Philippine Children’s Medical Center (P309 million). ....

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LIST: More foreigners allowed to enter PH starting May 1


endIndex:
Metro Manila (CNN Philippines, April 30) After being barred from entering the country for over a month, some foreign nationals can again come starting May 1, subject to conditions, Presidential spokesman Harry Roque said Friday.
The entry ban on most foreigners, which was imposed on March 22 due to rising COVID-19 cases, is set to end April 30. All travelers from India and those who went to India preceding their arrival to the Philippines are barred from entering the country until May 14 as a safeguard against virus spread that may be caused by the massive surge in COVID-19 cases in the South Asian country.  ....

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