Wednesday 15 July 2020
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businessmirror - 2 month ago

Q1 state firms’ subsidies rise 3-fold

SUBSIDIES extended by the national government to state-owned firms in the first quarter of the year grew more than threefold to P36.154 billion, data from the Bureau of the Treasury showed. From P9.304 billion worth of subsidies recorded in January to March last year, subsidies to government-owned and -controlled corporations (GOCCs) for the same period [ ]


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