The government received P4.54 billion in dividends and other forms of remittances from three government-owned and -controlled corporations (GOCCs), the Department of Finance (DoF) said on Thursday.
The Development Bank of the Philippines (DBP), the Philippine Ports Authority (PPA) and Philippine National Oil Company (PNOC) remitted to the government 50 percent of their respective cash dividends due in 2016, a DoF statement released to reporters said.
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