THREE agencies of the Department of Transportation remitted P11.33 billion worth of dividends to the government covering 2017.
The Manila International Airport Authority turned over to Finance Secretary Carlos Dominguez III P2.01 billion, the Civil Aviation Authority of the Philippines, P6.22 billion, and the Philippine Ports Authority, P3.1 billion, in checks.
The three handed over the dividends on the sidelines of Friday’s regional press launch in Clark, Pampanga of the Philippines’ hosting of the 51st Annual Meeting of the Asian Development Bank.
DOTr Secretary Arthur Tugade led officials of the three GOCCs in delivering the checks to Dominguez.
“I commend the MIAA, CAAP and PPA under the stewardship of Secretary Tugade for setting a good example to other GOCCs in terms of practicing fiscal discipline,” Dominguez said.
