The Clark Development Corporation (CDC) was honored as a top dividend contributor at the Government-Owned and Controlled Corporations (GOCCs) Day on September 16, 2025, held at Malacañang Palace. The corporation ranked ninth among 53 GOCCs recognized at the event.
CDC President and CEO, Atty. Agnes VST Devanadera, accepted the Certificate of Recognition from President Ferdinand Bongbong Marcos Jr. and Finance Secretary Ralph Recto. This recognition was for CDC’s 2024 dividend remittance of ₱2.488 billion. This amount, which was turned over to the Bureau of the Treasury on May 14, represents 71% of CDC’s audited net income for the year.
The 2024 remittance marks a 38%increase from the ₱1.8 billion remitted in 2023. With a ₱1.21 billion remittance in 2022, CDC’s total dividend contributions under the current administration have reached ₱5.5 billion.
Led by the Department of Finance, the event highlighted the crucial role of GOCCs in generating non-tax revenue for the national government. This year, 53 GOCCs collectively remitted ₱116.84 billion in dividends, with 15 corporations contributing at least ₱1 billion each.
Also in attendance were CDC Chairman Edgardo Pamintuan, Directors Atty. Maricris Carlos, Jose Philip Panlilio, Atty. Pablo de Borja, Atty. Bryan Matthew Nepomuceno, and Vice President for Security Services Group PMGen. Lina Sarmiento (Ret.)
