96 OG No. 28, 4380 (July 10, 2000)
"Section 1. Declaration of Policy. It is hereby declared the policy of the state that in order for the National Government to realize additional revenues, government-owned and/or controlled corporations, without impairing their viability and the purposes for which they have been established, shall share a substantial amount of their net earnings to the National Government."WHEREAS, to support the viability and mandate of government-owned and/or controlled corporations (GOCCs), the liquidity, retained earnings position and medium-term plans and programs of these GOCCs were considered in the determination of the reasonable dividend rates of such corporations on their 1996 net earnings;
1. | Cebu Port Authority | 15% (cash) |
2. | Land Bank of the Philippines | 30% (cash) |
3. | Mactan Cebu International Airport Authority | 10% (cash) |
4. | Manila International Airport Authority | 25% (cash) |
5. | Metropolitan Waterworks and Sewerage System | 30% (cash) |
6. | National Electrification Administration | 15% (cash) |
7. | National Power Corporation | 10% (cash) |
8. | Philippine National Oil Company | 10% (cash) |
9. | Philippine Retirement Authority | 30% (cash) |
10. | PHIVIDEC Industrial Authority | 20% (cash) |
11. | Public Estates Authority | 50% (cash) |