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GOCC budgetary support remains elevated due to SSS wage subsidy program

BUDGETARY support to state-owned firms released in May rose nearly 467% after the release of the second tranche of the wage subsidy program, the Bureau of the Treasury said.

GOCC eyed to invest in struggling firms

ECONOMIC MANAGERS are proposing the creation of a new government-owned and -controlled corporation (GOCC) that will invest in shares of large firms now struggling amid the coronavirus crisis.

GOCC dividends hit record P61.3 billion year to date

GOVERNMENT-OWNED and controlled corporations (GOCC) remitted a record P61.3 billion to the Treasury in the year to date, the Department of Finance (DoF) said Friday.

GOCC dividends ahead of pace to crush record 2018 performance

FORTY-SIX government-owned and controlled corporations (GOCCs) remitted a total of P38.9 billion worth of dividends to the Treasury in the five months to May, or just 3% less than the record P40.17 billion remitted in all of 2018, the Department of Finance (DoF) said.

GOCC Legaspi Oil aims to bring Davao coco oil mill back...

DAVAO CITY — Legaspi Oil Co., Inc., a government-owned and controlled corporation (GOCC), has taken back the management and operation of a coconut oil mill here and is aiming to return production volume up to 600 metric tons per day (MTD).

GOCC subsidies nearly double in July

SUBSIDIES to state-owned firms nearly doubled in July, according to Bureau of the Treasury (BTr) data.

GOCC dividends at P32.03B in Jan.-July, exceeding P27.3B in 2017

GOVERNMENT-OWNED and Controlled Corporations (GOCCs) have remitted a total of P32.03 billion this year to the National Government, the Department of Finance said in a briefer on Wednesday, Aug. 15, marking 2018 GOCC Day.

The Corporate Governance System for the GOCC sector compared with that...

The GOCC (government-owned and controlled corporation) Governance Act formally defines “Board of Directors/Trustees” as “the governing body that exercises the corporate powers of a...

BIR to settle GOCC disputes

By Elijah Joseph C. Tubayan Reporter THE DEPARTMENT of Finance (DoF) ordered the Bureau of Internal Revenue (BIR) to settle out of court its tax disputes...

GOCC Oct. subsidies sharply higher at P10.28-B

SUBSIDIES to government-owned and -controlled corporations (GOCCs) surged in October as year-to-date remittances approach the P100-billion mark, data from the Bureau of the Treasury...

Guarantee firms’ merger seen possible by late 2018

THE CONSOLIDATION of government-run guarantee firms is expected to go ahead by the third quarter of 2018, the Treasury said. The Department of Finance (DoF)...

Senate proposes subsidy to cover GOCCs’ lost VAT exemptions

POISED to lose their exemptions from Value-Added Tax (VAT), Government Owned and Controlled Corporations (GOCC) will be given a subsidy from the P19 billion...

Duterte suspends GOCCs’ compensation scheme

PRESIDENT RODRIGO R. Duterte has issued an order suspending some provisions in the Compensation and Position Classification System (CPCS) for government-owned and controlled corporations...