MANILA CITY—PNOC was recognized during the 2025 Government-Owned and Controlled Corporations (GOCCs) Day for its significant contribution of PHP 2.43 billion in dividends to the national government.
President Ferdinand R. Marcos Jr. and Department of Finance (DOF) Secretary Ralph G. Recto led the recognition of 53 dividend-remitting corporations on September 16, 2025, at the Malacañan Palace. PNOC Senior Vice President for Energy Investments Ma. Rowena C. Raymundo, together with Strategy Management Office Department Manager Alma B. Taganas, received the certificate of recognition on behalf of the company.
President Marcos lauded the crucial role of GOCCs in nation-building, highlighting their contributions as instruments of growth, equity, and empowerment. He emphasized that GOCC dividends translate into direct public benefits such as infrastructure and social programs. “Behind these numbers are changed lives and reignited hopes. They represent children learning in safer schools; patients receiving care in improved facilities; communities shielded from floods and disasters; and families given a fairer chance at a better life,” the President said.
He likewise stressed the importance of integrity and accountability in public service. “Public trust is our most valuable currency. Once lost, rebuilding it becomes far more difficult,” President Marcos reminded GOCC leaders as he urged them to invest in technology and promote efficiency to bring government services closer to the people.
Finance Secretary Recto likewise stressed this message, reiterating DOF’s call for GOCCs to anchor their operations on service and good governance. “Every peso will be put to its rightful use—growing the economy and uplifting the lives of our people. Integrity must not just be preached, it must be lived daily.” he said.
Among other top GOCC contributors were the Land Bank of the Philippines, Bangko Sentral ng Pilipinas, Philippine Amusement and Gaming Corporation, Philippine Deposit Insurance Corporation, Bases Conversion and Development Authority, Philippine Ports Authority, Manila International Airport Authority, and Clark Development Corporation.
In the energy sector, three state-run corporations remitted a total of PHP 11.44 billion in dividends. Aside from PNOC, the Power Sector Assets and Liabilities Management Corporation contributed PHP 8.96 billion, while the National Electrification Administration remitted PHP 51.66 million.
As of September 2025, the national government has received PHP 109 billion in dividend remittances, with projections reaching PHP 117 billion by the end of the year. GOCC dividends remain a major source of non-tax revenues which help fund the administration’s priority programs without imposing new taxes on the public.
