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DOTR orders three bodies to remit P10b

The Transportation Department ordered the Philippine Ports Authority, the Manila International Airport Authority and the Civil Aviation Authority of the Philippines to remit in advance their combined dividends of P10 billion, to the Department of Finance by Friday.

Transport Secretary Arthur Tugade said the dividends from the three DOTr agencies would greatly help in funding the government’s campaign against COVID-19, as well as other government projects.

The Department of Health reported the Philippines as of March 24 had a total of 552 confirmed COVID-19 cases and a death toll of 35. The number of recoveries, meanwhile, was at 20.

The PPA is set to remit P4 billion in dividends to the DOF, with MIAA and CAAP handing over P3 billion each.

Tugade ordered the three agencies to directly issue the dividend checks to the DOF by Friday.

“We are now engaged in a war against COVID-19 and the government now needs to muster every financial support it can get to contain and eliminate this deadly disease,” Tugade said.

Topics: Department of Transportation , DOTR , Philippine Ports Authority , Manila International Airport Authority , Civil Aviation Authority of the Philippines , Transport Secretary Arthur Tugade , Department of Finance
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