NDC attends banner dividend remittance year for GOCCs; PBBM lauds collective effort to bolster national progress

The National Development Company (NDC), along with other GOCCs, received acknowledgement for substantial financial contributions to the country in this year’s Government-Owned or Controlled Corporations (GOCC’s) day at the Philippine International Convention Center (PICC), as attended by several government officials; headlined by President Ferdinand Marcos Jr. and Department of Finance Secretary Ralph Recto.

Through NDC’s innovative investment ventures, a total of over P156 million in dividends was remitted to the National Government this year, contributing to the P88.6 Billion gain as of May 6, 2024. With this, President Marcos is optimistic that the P100 billion remittances last year will be surpassed. GOCC remittances to the National Treasury will be utilized to stave off the need by the national government to increase debt and taxes.

Moreover, President Marcos assures that these remittances will not be stored — it will be used in projects and programs that enriches the lives and fortifies the future of the Filipino people, rightfully so as they are the government’s ‘true stakeholders.’

“I look forward to seeing a concerted, all-inclusive, and whole-of-government approach in our development efforts — one that is true to our vision of the Bagong Pilipinas that we aspire for, for our people,” President Marcos proclaims.