President Aquino on Wednesday directed the GOCC Governance Commission, the Department of Budget and Management and the Department of Finance to review the bonuses of government-owned or-controlled corporations (GOCCs) following the P36.9 billion in remittances by 49 GOCCs to the National Treasury.
Aquino told the GOCCs to “keep up the good work,” as he thanked the GOCCs for the job well done, noting that during his administration, non-performing GOCCs had been abolished.
This year’s GOCC dividends and other remittances increased from P32.31 billion in 2013 to P36.857-billion in 2014.
Manila Bulletin
