Manila: The Social Housing Finance Corp. (SHFC) received recognition from President Ferdinand R. Marcos Jr. on Wednesday for remitting PHP109.57 million in dividends to the National Treasury. Marcos presented the Certificate of Acknowledgment of Dividend Remittances to SHFC President and CEO Federico Laxa.

According to Philippines News Agency, the SHFC's 2025 remittance brought its total dividend contributions to the National Treasury to PHP1.05 billion since 2010. "Our contribution is a testament to the fact that housing agencies do not just utilize public funds - we also actively generate them," Laxa said.

This year, 50 government-owned and -controlled corporations (GOCCs) declared a combined PHP147.15 billion in dividends to the national government. Under Republic Act 7656, GOCCs are required to declare and remit at least 50 percent of their annual net earnings to the national government to help fund key government programs and infrastructure projects.

Marcos said the dividend remittances show that sound governance and responsible management of state-owned firms directly benefit the public. "Every peso that you have remitted strengthens the government's capacity to deliver better services without imposing additional tax burdens on ordinary Filipinos," he said.