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Be Careful with my Heart (ABS-CBN) August 02, 2012

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Be Careful with my Heart (ABS-CBN) August 02, 2012
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by : FlipBooth on Aug 2, 2012
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Be Careful with my Heart (ABS-CBN) August 02, 2012
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Be Careful with my Heart (ABS-CBN) August 02, 2012

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News Report:


GOCCs get lower subsidies from national government

Government-owned and -controlled corporations (GOCCs) received a significantly smaller amount of subsidy from the national government in February, according to the Department of Finance.

The subsidies totalled P191 million, compared with P1.82 billion year-on-year, Finance Department data released to the media showed.

While most of the money were given to the healthcare sector, the Center for International Trade Expositions and Missions (CITEM) got the lion’s shares of P48 million.

CITEM is the export promotions agency of the Department of Trade and Industry, pushing the Philippines as a source of quality products and services by holding trade fairs, special exhibits, in-store promotions, and trade missions here and abroad.

Getting the second largest subsidy of P43 million was The Philippine Children’s Medical Center, while the National Kidney and Transplant Institute got P32 million, and the Lung Center of the Philippines received P29 million.

The Philippine Television Network Inc., the flagship state broadcasting company under the Presidential Communications Operations Office, was given P17 million.

In March 2013, President Benigno Aquino III signed Republic Act 10390, repelling the PTNI old Charter that mandates  government to infuse P5 billion into the company to revitalize the station and make it “digital competitive.”

The Zamboanga City Special Economic Zone Authority received P8 million in subsidies last February, Finance Department data showed.

For the first two months of the year, subsidies to GOCCs reached P858 million, down 59.3 percent from the P2.11 billion a year earlier.  ?  VS, GMA News





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