PPA set to remit highest dividend in its entire corporate life to Nat’l coffers
13 MARCH 2018, MANILA—The Philippine Ports Authority (PPA) is set to remit more than P3 billion in dividend, its highest contribution to the National coffers since 1986.
The state-owned agency’s dividend for 2017 also eclipsed by at least 30% all the dividends it remitted to the government at least in the last decade, including its erstwhile record of P2.158 billion remitted in 2015.
PPA is mandated to remit 50% of its annual net income to the National Government after it was granted fiscal autonomy during the term of President Corazon C. Aquino.