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PPA to remit record-high P5.2 B dividends
The Philippine Star
|April 01, 2025
The Philippine Ports Authority (PPA) is handing over P5.2 billion in dividends to the Bureau of the Treasury for 2024, maintaining its position as one of the highest-contributing state-run firms.
PPA yesterday said it is increasing its dividends to the Treasury by three percent to P5.2 billion in 2024, from P5.06 billion in 2023, to mark another record-high for the agency.
Given this, PPA expects to retain its place in the league of government-owned and controlled corporations (GOCCs) with the highest dividends, together with the Bangko Sentral ng Pilipinas, Philippine Deposit Insurance Corp. and the Philippine Amusement and Gaming Corp.
Under Republic Act 7656 or the Dividends Law, GOCCs have to contribute at least half of their profit to the government. Dividends are listed as non-tax revenues, partly funding state programs on infrastructure and livelihood.
This story is from the April 01, 2025 edition of The Philippine Star.
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