CLARK FREEPORT – The Clark Development Corp. has remitted P2.597 billion in dividends to the national government, showing fiscal prudence in its stewardship of public assets.
As one of the country’s leading dividend-contributing government-owned or -controlled corporations, CDC continues to transform Clark into an investment magnet, job creator, and engine of prosperity, generating non-tax revenues that help fund schools, hospitals, infrastructure, and social programs that benefit millions of Filipinos.
CDC was among those cited by President Ferdinand R. Marcos Jr, during the 2026 GOCCs’ Day in Malacañang on July 8.
“As of this month, dividend collections have surpassed those of the previous year. We have received approximately P139.8 billion from 50 GOCCs,” the president said, emphasizing “These are resources that can build nearly 40,000 classrooms for our children, provide around 165,000 homes for Filipino families, construct roughly 8,700 to 9,300 kilometers of farm-to-market roads that connect our farmers and fisherfolk to markets.”
The GOCCs with the highest collection as of July 7 were Bangko Sentral ng Pilipinas with P63.39 billion; Land Bank of the Philippines with P25 billion; Philippine Deposit Insurance Corp. with P9.69 billion; Manila International Airport Authority with P7.59 billion; and Philippine Amusement and Gaming Corp. with P5.67 billion.
With some exemptions, all GOCCs are required to declare and remit at least 50% of their annual net earnings as dividends to the national coffers pursuant to RA 7656 (Dividend Law).
The CDC over the past four years has remitted more than ₱8 billion, demonstrating how a well-managed GOCC can create lasting public value while advancing inclusive growth, economic resilience, and nation-building. Photos: PCO, RTVM
