This marks a 38-percent increase from the P1.8 billion that CDC contributed in 2023, reflecting the government-owned and -controlled corporation’s (GOCC) strengthened financial performance.
The remittance, representing CDC’s dividend contribution for 2024, was officially received by Finance Secretary Ralph G. Recto, on behalf of the National Treasury, from CDC officials led by Chair Atty. Edgardo Pamintuan and President and CEO Atty. Agnes VST Devanadera during a ceremonial handover held this week.
The finance secretary also sits as a member of the Governance Commission for GOCCs (GCG).
Recto was joined by National Treasurer Sharon Almanza and Undersecretary Maria Luwalhati Dorotan Tiuseco, chief of staff at the Department of Finance.
As the operator and developer of the Clark Freeport Zone (CFZ) and the Clark Special Economic Zone (CSEZ), CDC plays a key role in driving regional economic growth and attracting foreign and local investment into Central Luzon. —Ed: Corrie S. Narisma
