Agencies attached to the Department of Transportation (DOTr) have remitted P15.29 billion in dividends to the national government, providing additional support for state programs on infrastructure, social services, and economic development.
Transportation Secretary Giovanni Lopez said the remittances will help sustain government programs and projects that directly benefit Filipinos.
“It is important that we ensure continuous and substantial remittances to the national treasury, as many lives are transformed by government programs and projects. With every contribution we make, infrastructure can be built, patients can be treated, and families can have food on the table every day,” Lopez said.
The Manila International Airport Authority (MIAA) posted the biggest contribution among DOTr agencies, turning over a record-high P7.59 billion.
It was followed by the Philippine Ports Authority (PPA) with P5.33 billion and the Civil Aviation Authority of the Philippines (CAAP) with P1.2 billion. The DOTr referred to the three agencies as part of its “billionaire’s club” for their dividend remittances.
MIAA General Manager Eric Jose Ines said the remittance reflects the agency’s commitment to fiscal responsibility and good governance as it continues to strengthen its role as the country’s airport regulator.
“The dividend remittance reflects MIAA’s commitment to prudent financial stewardship and good governance. As we continue to strengthen our regulatory and oversight functions, we remain dedicated to supporting the government’s development priorities while ensuring that every peso entrusted to MIAA delivers greater value for the Filipino people,” Ines said.
PPA General Manager Jay Santiago said the ports authority’s largest dividend remittance was driven mainly by sustained revenue growth from operations.
“PPA is well-positioned to fund ongoing and upcoming port infrastructure projects aimed at enhancing trade facilitation, improving logistics efficiency, and supporting tourism growth,” Santiago said.
“This is a reflection of our commitment to modernizing our ports, strategic reforms, and the collective effort of PPA employees and stakeholders,” he added.
CAAP Director General retired Lt. Gen. Raul Del Rosario said the agency’s contribution highlights its commitment to public service and national development.
“We recognize that every peso contributed to the national treasury helps fund programs that directly benefit the Filipino people. At the same time, we remain focused on investing in aviation modernization and enhancing the country’s connectivity to support economic growth and national development,” Del Rosario said.
Other DOTr-attached agencies also remitted dividends, including Clark International Airport Corporation with P585.71 million, Cebu Ports Authority with P452.42 million, and Mactan-Cebu International Airport Authority with P129.96 million.
Under Republic Act No. 7656, or the Dividends Law, government-owned and -controlled corporations are required to remit at least 50 percent of their annual net earnings to the national government.