
PEZA announces P1.39B dividend payout
'As we turn 30, we are focused on future-proofing PEZA to ensure it remains a dynamic force for economic development and nation-building,' PEZA Director General Tereso O. Panga said in a statement.
PEZA noted that it has already contributed P3.68 billion to the government since the start of President Ferdinand Marcos Jr's administration.
The Department of Finance (DOF) earlier said the dividend remittances from the earnings of government-owned or -controlled corporations (GOCCs) have reached over P76 billion as of May 15, 2025.
PEZA was also among the 13 state-owned firms that contributed at least P1 billion to state coffers. —Mariel Celine Serquiña/RF, GMA Integrated News
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


GMA Network
2 days ago
- GMA Network
DOF, DEPDev, DILG ink joint investment facilitation accord
The Department of Finance, the Department of Economy, Planning, and Development, and the Department of the Interior and Local Government have formed an inter-agency partnership to streamline and harmonize investment facilitation efforts in the country. In a statement on Wednesday, the Board of Investments said the three executive departments signed the Joint Memorandum Circular institutionalizing the Investment Facilitation Network (INFA-Net). The JMC was signed by Finance Secretary Ralph Recto, Economic Planning Secretary Arsenio Balisacan, and Interior Secretary Juanito Victor Remulla. The BOI said the inter-agency accord 'operationalizes whole-of-government collaboration in facilitating investments' in line with major policy directives, including Executive Order No. 18 on Green Lanes for Strategic Investments, EO No. 32 on streamlining permits for telecommunications and internet infrastructure, and EO No. 59 on streamlining permits for infrastructure flagship projects. The JMC, likewise, reinforces the agencies' collective commitment to simplify processes, strengthen coordination, and enhance support for strategic and high-impact investments in the Philippines, according to the investments promotion agency. The BOI said the joint circular aligns with President Ferdinand 'Bongbong' Marcos Jr.'s mandate on fostering a more agile, investor-focused government that acts in unison to deliver sustainable and inclusive economic growth. The agency said the accord reflects the government agencies' shared commitment to break down barriers, reduce red tape, and to send a strong message that the Philippines is open for business. —AOL, GMA Integrated News


GMA Network
3 days ago
- GMA Network
Bill seeking P1,200 national minimum wage refiled in House
A bill mandating a P1,200 national daily minimum wage was refiled in the House of Representatives Wednesday. In filing House Bill 2599, Makabayan bloc lawmakers Antonio Tinio of ACT Teachers party-list and Renee Co of Kabataan party-list said the regional wage board system in the last 30 years only resulted in poverty-level wages for workers. They proposed the abolition of the Regional Tripartite Wages and Productivity Board by amending Article 99 of the Labor Code and replace it the National Wages and Productivity Board. 'Filipino workers have weighed in on the regionalized wage regime through 36-year history and found it a big failure. They are now demanding that it be scrapped and for the Philippines to return to the regime of uniform national minimum wage that is based on the family living wage,' the lawmakers said in their explanatory note. The authors then cited an IBON Foundation study showing that the amount needed to raise the current minimum wage to P1,200 living wage only requires 29.7% to 49.1% of the profits amassed by private employers, making it feasible if only employers are willing to cut down on profits. 'The surge in the prices of oil and other basic goods and services in the last several years likewise has devoured, according to some estimates, the wages of our workers by 25-30%. Workers are now groaning under the crushing effect of heavy taxes and high prices on their wages and income,' the lawmakers said. 'It is therefore imperative for the State to ensure that what the Constitution-the workers' just share in the fruits of production and the workers' right to living wage-is fulfilled in pursuit of the equitable distribution of income and wealth towards economic and social development. The State must recognize its justice and necessity given the workers' contribution to society and the economy amid all the hardships,' they added. Violators will face several penalties, including a fine of 100% of the total wage increment due their employees multiplied by the number of unpaid working days, plus P50,000 moral damages to each employee, and suspension of business permit.—with a report from Tina Panganiban Perez/AOL, GMA Integrated News


GMA Network
3 days ago
- GMA Network
PH lifts import ban on Australian poultry
The Philippine government, through the Department of Agriculture, has lifted the ban on importing domestic and wild birds and related products—including poultry meat, day-old chicks, eggs, and semen— from Australia. In a statement on Wednesday, the DA said it issued Memorandum Order No. 39, lifting the ban on Australian bird and poultry products issued in June last year through Memorandum Order No. 21. With the latest order, future shipments of the affected commodities from Australia will now proceed, subject to existing regulations and biosecurity requirements. The import ban was lifted after Australian agriculture authorities and the World Organisation for Animal Health (WOAH) have confirmed that all reported bird flu cases in the said country had been resolved, with no new outbreaks occurring since June 13, 2025. With this, under WOAH Terrestrial Animal Health Code, Australia is now officially recognized as HPAI?free. Following thorough assessment, the DA said that the risk of bird flu contamination via Australian poultry imports is negligible. To recall, the ban was issued following reported outbreaks of Highly Pathogenic Avian Influenza (HPAI). Poultry goods produced in Australia on or after July 25 will be allowed entry to the Philippines. 'This diversifies our sources of poultry, especially with the expected increase in demand as we head towards the Christmas season,' said Agriculture Secretary Francisco Tiu Laurel Jr. 'This aligns with the vision of President Ferdinand Marcos Jr. of a food-secure Philippines,' he added. Reopening the Australian market—especially of day-old chicks and poultry meat—could ease supply pressure, stabilize prices, and support local production during transition periods, according to the DA. The Agriculture Department said that standard import controls, including health certifications, testing, and sanitary protocols, remain in full effect to safeguard domestic poultry industries. Non?compliance may lead to denial of entry or quarantine. 'The order took effect immediately and applies to all pending and forthcoming import arrangements involving Australian poultry products. The DA will continue to monitor global HPAI developments and may adjust import policies should new risks emerge,' DA said. —AOL, GMA Integrated News