Finance Secretary Ralph Recto said he increased the dividend rate remittance of government-owned and controlled corporations from their net earnings to 75 percent from the minimum of 50 percent.MANILA, Philippines — The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs.
Based on the revised implementing rules and regulations of the law in 2016, the DOF may request GOCCs to remit above the 50 percent minimum dividend rate in the event that GOCCs have excess cash or windfall earnings.Increasing the dividend rate aims to promote fiscal discipline and improve revenue generation efforts of the government.
Recto is also intensifying the push for the privatization of government assets, which will lead to better operational efficiency and higher investment returns. Investors will be on the lookout for positive catalysts this week in a bid to sustain the stock market’s climb last...
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Global Dominion Financing Inc. Recognized as Fastest-growing and Most Innovative Auto Finance CompanyGlobal Dominion Financing Inc. has been providing Filipinos with innovative loan solutions for over 20 years. The company has been recognized as the fastest-growing auto finance company for 2022 and the most innovative auto financing company for 2023.
La source: PhilstarNews - 🏆 1. / 94 Lire la suite »
Pakistan's New Finance Minister Faces Challenges in Fixing Country's EconomyMuhammad Aurangzeb, Pakistan's new finance minister, is tasked with addressing the country's turbulent economy, which is facing high inflation, slow growth, and low tax-collection rates. However, he also faces challenges from domestic politics, tensions with neighboring countries, and the impact of climate change.
La source: BusinessMirror - 🏆 19. / 59 Lire la suite »
NHMFC, Chinabank team up to deepen PH housing financeDefining the News
La source: MlaStandard - 🏆 20. / 55 Lire la suite »
Global Dominion Financing Inc. Recognized as Fastest-growing and Most Innovative Auto Finance CompanyGlobal Dominion Financing Inc. has been providing Filipinos with innovative loan solutions for over 20 years. The company has been recognized as the Fastest-growing Auto Finance Company for 2022 and Most Innovative Auto Financing Company for 2023.
La source: PhilstarNews - 🏆 1. / 94 Lire la suite »
Marcos names UP economics professor as finance undersecretaryPresident Marcos has appointed University of the Philippines Economics associate professor Renato Reside as undersecretary of the Department of Finance, the Presidential Communications Office announced yesterday.
La source: PhilstarNews - 🏆 1. / 94 Lire la suite »