The Transportation Department said on Tuesday its three state-owned agencies have remitted P6 billon to the national government coffers in May. The Manila International Airport Authority remitted P2.26 billion, Civil Aviation Authority of the Philippines sent P1.98 billion while and the Philippine Ports Authority paid P1.95 billion worth of dividends. The figure is around seven times higher than 2015 remitted dividends. Transportation Secretary Arthur Tugade instructed CAAP to remit under his term, after not turning over P6.31 billion worth of dividends to the National Treasury from 2011 to 2015. Other transportation agencies among the top GOCCs that remitted dividends are the Cebu Port Authority (P295 million) and the Mactan Cebu International Airport Authority (P170 million).

Source: The Standard July 04, 2017 12:11 UTC