Latest news with #P76
GMA Network
4 days ago
- Business
- GMA Network
PEZA announces P1.39B dividend payout
The Philippine Economic Zone Authority (PEZA) announced Wednesday that it contributed P1.3 billion in dividends from its profits in 2024, noting its back-to-back billion-contribution to government coffers. '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
GMA Network
25-05-2025
- General
- GMA Network
No winners of major lotto draws on Sunday, May 25, 2025
There were no winners of either of the major lotto jackpots offered by the Philippine Charity Sweepstakes Office (PCSO) on Sunday, May 25, 2025. No bettor chose the winning combination of 57-51-13-47-24-18 for the Ultra Lotto 6/58 jackpot, which has now reached P76,870,794.40. There was also no winning bettor for the Superlotto 6/49 prize of P34,162,383.60, with nobody choosing the winning numbers 35-13-42-14-24-16. Click here for the complete lotto results for Sunday, May 25, 2025. — BM, GMA Integrated News
GMA Network
21-05-2025
- Business
- GMA Network
GOCCs remitted over P76B to state coffers as of May 15, 2025 — DOF
The dividend remittances from the earnings of government-owned or -controlled corporations (GOCCs) has reached over P76 billion as of May 15, 2025, the Department of Finance (DOF) said Wednesday. In a statement, the DOF said the amount was sourced from around 50 GOCCs — with about 13 state-owned firms contributing at least P1 billion each. Among the top contributor-GOCCs were the following: Landbank of the Philippines Philippine Amusement and Gaming Corporation Philippine Deposit Insurance Corporation Philippine Port Authority (PPA) Manila International Airport Authority (MIAA) Clark Development Corporation (CDC) Philippine National Oil Company (PNOC) Bases Conversion and Development Authority (BCDA) Philippine Charity Sweepstakes Office (PCSO) Subic Bay Metropolitan Authority (SBMA) Maharlika Investment Corporation (MIC) Philippine Economic Zone Authority (PEZA) Philippine Guarantee Corporation (PHILGUARANTEE) The Finance Department said the amount of GOCCs' dividend remittances are expected to exceed P100 billion by end of the year. The DOF said GOCC dividends are a major source of non-tax revenues for the national government to fund the administration's priority programs 'without the need to impose new taxes on the people.' 'I thank our hardworking GOCCs for their continued support to the national government and for heeding the President's call for an all-inclusive, whole-of-government approach in realizing the government's development plans that will benefit every Filipino,' said Finance Secretary Ralph Recto. 'These non-tax revenues allow us to support the government's expenditure program for the year, enabling the DOF to stay on track with its fiscal program and mobilize funds for our priority programs and projects,' added Recto. The Finance chief said the sustained increase in dividend remittances from state-owned firms 'shows that our GOCCs are continuously operating efficiently and generating substantial profits, enabling them to contribute more to the National Treasury.' Under Republic Act No. 7656 or the Dividend Law, GOCCs are required to remit at least 50% of their net earnings during the preceding year as dividends to the national government. To maximize non-tax revenue, the DOF said it has requested state-owned firms to increase this share to 75%. — RSJ, GMA Integrated News
