CLARK FREEPORT, Pampanga — The Clark Development Corporation (CDC) has once again solidified its position as one of the country’s top government-owned and controlled corporations (GOCCs) after remitting ₱2.597 billion in cash dividends to the National Government, underscoring its strong financial performance and commitment to nation-building.
The dividend remittance reflects CDC’s sustained fiscal discipline, sound corporate governance, operational excellence, and responsible stewardship of government assets. As the administrator and developer of Clark Freeport and Special Economic Zone, the state-run corporation continues to generate significant non-tax revenues while attracting investments, creating employment opportunities, and supporting economic growth.
Over the past four years, CDC has remitted more than ₱8 billion in dividends to the National Government, reinforcing its role as one of the country’s most consistent-performing GOCCs. These remittances contribute to funding vital government programs, including education, healthcare, infrastructure development, and social services that directly benefit millions of Filipinos.
CDC President and Chief Executive Officer Atty. Agnes VST Devanadera said the corporation’s performance demonstrates how effective governance and prudent financial management translate into tangible public value.