GOVERNMENT-RUN aviation firm Clark International Airport Corp. (CIAC) has remitted P203 million in dividends to the Bureau of the Treasury, up 12 percent from P180.4 million a year-earlier.
GOVERNMENT-RUN aviation firm Clark International Airport Corp. has remitted P203 million in dividends to the Bureau of the Treasury, up 12 percent from P180.4 million a year-earlier.'Our remittance dwindled to P95 million in 2020 after the airport was privatized, but this year's amount of P203 million remitted to the national treasury, so far, is the CIAC's biggest dividends share,' CIAC President Arrey Perez said.
He also said that CIAC has consistently adhered to Republic Act 7656 or the Dividend Law, by declaring and remitting the required cash dividends to the national government.On May 6, 2024, President Ferdinand Marcos Jr. honored government-owned and controlled corporations for their invaluable contributions 'not only to the nation's coffers, but also to the continued progress of the Philippines as envisioned under a 'Bagong Pilipinas.
Airport Operator Remits P203M To Gov't
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