Manila, May 5 -- wned and -controlled corporations (GOCCs) have remitted PHP129.45 billion to the Bureau of the Treasury (BTr) as of April 27, to augment funds for state-led efforts to contain the spread of the coronavirus disease 2019 (Covid-19) and provide economic relief to poor families and other vulnerable groups most affected by the economic fallout from the global health crisis.
Of the total, some PHP91.62 billion was remitted after the effectivity of Republic Act (RA) 11469 or the "Bayanihan to Heal as One Act" on March 24 and up to April 29, the largest sum ever collected from GOCCs in only five weeks, the Corporate Affairs Group (CAG) of the Department of Finance (DOF), led by Undersecretary Antonette Tionko, said in a news relea...