Two state agencies tasked with converting this former American military base into economic zones have remitted dividends to the national treasury, which, combined, amounted to about P3 billion. FILE PHOTO
Clark FREEPORT—Two state agencies tasked with converting this former American military base into economic zones have remitted dividends to the national treasury, which, combined, amounted to about P3 billion.
The ₱2.597-billion contribution of the Clark Development Corp. (CDC) raised its remittance of the past four years to more than ₱8 billion, CDC president Atty. Agnes Devanadera said on Friday.
“(The current remittance) reflects the power of fiscal discipline, good governance, operational excellence, and responsible stewardship of public assets,” she said, following July 9 rites held earlier at Malacañang.
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