SUBSIDIES to government-owned and -controlled corporations (GOCCs) totaled P11.97 billion in October, data from the Bureau of the Treasury showed, higher than the P9.19 billion recorded a year earlier but down from September's P18.22 billion.
SUBSIDIES to government-owned and -controlled corporations totaled P11.97 billion in October, data from the Bureau of the Treasury showed, higher than the P9.19 billion recorded a year earlier but down from September's P18.22 billion.Year to date, GOCC subsidies rose to P117.21 billion, lower than the P146.32 billion in January-October 2023.Government financial institutions received P15 million in October, up from zero last year but markedly lower than September's P642 million.
06 billion, an increase from the P66.54 billion seen as of end-October last year.Disbursements to other state-owned firms, meanwhile, dropped to P1.24 billion in October from P10.61 billion a month earlier but were higher than the year-earlier P1.01 billion.The January to October count, however, plunged to P34.71 billion from lP79.27 billion.The National Irrigation Administration took the lion's share of October subsidies at P5.83 billion from P4.10 billion a year earlier.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GCG awards PDIC as top-ranked GOCC for performance in 2023THE Governance Commission for Government-Owned or-Controlled Corporations (GCG) recognized the Philippine Deposit Insurance Corp. (PDIC) as one of the top-ranked GOCCs in the 2023 Corporate Governance Scorecard and the Performance Evaluation Scorecard.
Read more »
Clark aviation firm among top performing GOCCsTHE Clark International Airport Corp. (CIAC) was cited as among the top performing government-owned and -controlled corporations in the country during the Annual Governance Commission for GOCCs (GCG) Awards Ceremony held recently in Manila.
Read more »
1 dead, 28 displaced in Benguet fireAuthorities say the estimated damage to commercial and residential structures is over P11 million
Read more »
Cordillera cops uproot P11-M marijuanaCAMP DANGWA, Benguet – Police destroyed marijuana valued at P11.3 million in eradication operations in the Cordillera region on Nov. 16.
Read more »
Security Bank Acquires 25% Stake in Home Credit Philippines for P11 BillionSecurity Bank Corporation has entered into an agreement with MUFG Bank Ltd. to purchase a 25% share in Home Credit Philippines for approximately P11 billion, aiming to enhance its consumer finance capabilities and market presence.
Read more »
Davao City gov’t gives solo parents cash subsidiesThe City Government of Davao, through the CSWDO, has started distributing cash subsidies to qualified solo parents in the city. The subsidy aims to augment the income of solo parents and improve their quality of life.
Read more »