Manila, April 3 -- The Bangko Sentral ng Pilipinas (BSP) has remitted PHP4.0 billion to the National Treasury following the effectivity of the law amending the New Central Bank Act last March 5, the Department of Finance (DOF) disclosed in a statement on Wednesday.
In its report to Finance Secretary Carlos Dominguez III, the DOF's Corporate Affairs Group (CAG) said the dividend remittance by the BSP is in compliance with Republic Act 11211 or the law amending RA 7653, otherwise known as the New Central Bank Act.
"We got PHP4.0 billion from BSP during the signing of the enrolled bill, which amended their charter," Finance Assistant Secretary Soledad Emilia Cruz said during a recent DOF executive committee (Execom) meeting.
Last year, divi...