P164-B remittances from GOCCs under Aquino’s term

Employees of government owned and controlled corporations (GOCCs) truly deserve higher compensation following the record-high remittances to the National Treasury in the past six years, President Aquino declared on Monday. The President lauded the GOCCs for their hard work after handing over P40.2 billion worth of checks during the GOCC Day in Malacañang. This year’s dividends and other remittances by 49 GOCCs increased from P36.36 billion in 2015. A total of P164.33 billion have been remitted by GOCCs under Aquino’s watch, higher than the P84.18 billion collected during the Arroyo administration. “On behalf of the Filipino nation, we wholeheartedly thank the people working in these government corporations for their splendid performance and meaningful contribution to the country,” Aquino said in Filipino. “You could have worked in the private sector where you could have a peaceful and profitable life. But by working in government, you have chosen smaller pay and heavier [...]