Government-owned and controlled corporations in the Philippines are expected to report lower dividends due to a downturn in remittance inflows from the Bangko Sentral ng Pilipinas.
According to recent reports by the Manila Bulletin, dividends from government-owned and controlled corporations (GOCCs) in the Philippines are projected to shrink to ₱115 billion in 2025. This decrease has been attributed primarily to a decline in remittances recorded by the Bangko Sentral ng Pilipinas (BSP). Remittances from overseas Filipino workers constitute a significant source of foreign exchange and revenue for the government and its entities. The recent downturn in this vital inflow could impact the financial performance of GOCCs, which rely on these funds among other sources for their operations and dividend payouts. Official statements from the BSP have confirmed the trend of declining remittance inflows, citing global economic factors and challenges faced by Filipino overseas workers. The Manila Bulletin report highlights the potential implications for government revenue and calls for strategic responses to mitigate the anticipated shortfall in dividends. No specific actions from government ministries or the Philippine embassy have been announced publicly as of now.
Sources referenced:
- https://news.google.com/rss/articles/CBMioAFBVV95cUxNMlVXMHlJMU1ZaS1yY1dLMnFfcWJCaVJ6WDVrWVQwSHZWT2liV1BLbENjRFh3NzV2VzhUYi1zaXlaM1B1dTFRMl9NNFdjQldNbVJkTV9tTzNXRTdhSTBGeVdENDVRVG84THlEVmFQX0xoM3lZZWNjWDhOTnh1eTM2bkd0UXlzeGRud3VVSm80ODRtYTFHZmo0cUdqeFk4ZkVE
