The Philippine Ports Authority (PPA) took pride in joining the so-called “Billionaires Club,” placing 6th among the Government Owned and Controlled Corporations (GOCC) that contributed at least P1 billion in dividends to the government coffers.

President Ferdinand Marcos Jr., with the Department of Finance (DoF) and the Governance Commission for GOCCs (GCG), conferred the "Billionaires' Club" title on GOCCs, an elite recognition given during the annual GOCC Day held at Malacañang.

The elite club consists of top GOCC contributors to the Bureau of the Treasury, helping fund national socioeconomic and infrastructure programs.

The recognition was received by PPA general manager Jay Santiago in honor of the Authority's more than five decades of public service, responsible fiscal management, and continuing commitment to give back to the Filipino people through stronger ports and better public services, just days before commemorating its 52nd anniversary.

50% remittance required

Pursuant to Republic Act 7656, or the Dividends Law, GOCCs are mandated to remit at least 50 percent of their annual net earnings to the National Government. Since 1986, the PPA has remitted a cumulative P62.33 billion in dividends, reinforcing its longstanding contribution to national development and fiscal sustainability.

Of the Authority's cumulative P62.33 billion in dividend remittances, more than two-thirds were remitted from 2016 to 2025 under the leadership of Santiago, amounting to P41.5 billion, reflecting a sustained period of record financial performance.

The Authority's P5.33-billion dividend declaration for Fiscal Year 2025 likewise stands as the highest single dividend remittance in PPA's history since its establishment in 1974.

During the 2026 GOCC Day recognition ceremony, President Ferdinand R. Marcos Jr. reminded GOCCs that while financial sustainability remains important, public service must always remain at the core of their mandate.

"Your foremost mandate is that of public service. Profit is never the end in itself. It is just a means to better serve our people."

As of July 2026, the National Government has received approximately P139.8 billion in dividend remittances from 50 GOCCs, surpassing last year's collections.

The President emphasized that these remittances strengthen the government's capacity to deliver essential public services without imposing additional tax burdens on Filipinos, demonstrating that fiscal discipline and good governance translate into tangible benefits for the public.

The six highest dividend-contributing GOCCs recognized this year were the Bangko Sentral ng Pilipinas (P62.39 billion); Land Bank of the Philippines (P32.35 billion); Philippine Deposit Insurance Corporation (P9.69 billion); Manila International Airport Authority (P7.59 billion); Philippine Amusement and Gaming Corporation (P5.67 billion); and the Philippine Ports Authority (P5.33 billion).

PPA's continued inclusion among the country's leading dividend contributors reflects its sustained financial growth, operational efficiency, and prudent fiscal management.

In Fiscal Year 2025, the Authority generated its highest-ever annual revenue of P30.09 billion, driven by increased vessel traffic and cargo throughput, improved regulatory income, higher storage revenues and sustained revenue optimization initiatives.

Santiago said the recognition belongs not only to the Authority but also to every Filipino who benefits from modern, efficient, and financially sustainable ports.

"As we mark 52 years of serving the Filipino people, this recognition reminds us that every achievement of the PPA belongs to the nation. Every peso we remit reflects our responsible stewardship of public resources, while every investment we make in modernizing our ports helps strengthen trade, tourism, and connectivity for future generations. This milestone inspires us to continue serving with excellence, integrity, and accountability."

He added that PPA remains committed to balancing strong financial performance with its primary mandate of delivering efficient, reliable, and responsive public service through modern port infrastructure.

As the PPA enters its 52nd year, PPA reaffirmed its commitment to sustaining its strong fiscal performance by accelerating port modernization, digital transformation, and strategic infrastructure investments that strengthen national connectivity, support economic growth, and advance the Bagong Pilipinas agenda while continuing to create greater value for the Filipino people.