Business

CAAP, PPA, MIAA remit P11B in 2017 dividends to gov’t

Department of Transportation Civil Aviation Authority of the Philippines Philippine Ports Authority Manila International Airport Authority

Three state-owned agencies under the Department of Transportation (DOTr) are remitting a total of P11 billion in dividends to the National Treasury.

Three state-owned agencies under the Department of Transportation (DOTr) are remitting a total of P11 billion in dividends to the National Treasury.

Bulk of the total or P6.22 billion came from the Civil Aviation Authority of the Philippines (CAAP), P3 billion from the (Philippine Ports Authority) and P2.01 billion from the Manila International Airport Authority (MIAA).

?I always tell our revenue-generating agencies to improve their collection. This is our way of contributing to the government, especially as we usher in the Golden Age of Philippine Infrastructure,? Transport Secretary Arthur Tugade said.

In 2016, MIAA, CAAP, and PPA were among the top government-owned and controlled corporations (GOCCs) to turn over the largest dividends to the country?s coffers.

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