The Authority of the Freeport Area of Bataan (AFAB) was recognized among government-owned and -controlled corporations (GOCCs) for its dividend contributions during the 2025 GOCCs’ Day rites held on Sept. 16, 2025, in Malacañang.
AFAB ranked 29th nationwide, remitting P130 million to the National Treasury this year—up P50 million from its 2024 contribution.
AFAB administrator and chief executive Hussein Pangandaman received the recognition, accompanied by deputy administrator for operations Michael Angelo Paderanga and director Aurelio Angeles Jr.
The increase in remittance comes from stronger revenue performance of enterprises operating inside the Freeport Area of Bataan.
AFAB said the growth shows its ability to deliver fiscal resources to the government while fulfilling its mandate to attract investments and sustain economic activity in Bataan.
The Department of Finance (DOF) said dividend contributions from GOCCs are expected to further increase toward year-end, following the P116.84 billion already remitted as of September 2025.
Under Republic Act 7656, or the Dividends Law, GOCCs are required to declare and remit at least 50 percent of their annual net earnings to the national government.
AFAB said its higher dividend payment affirms its growing fiscal contribution to national revenues, while reinforcing the Freeport’s role in supporting programs that drive economic and social development.
