Clark agencies remit ₱3B to national treasury

Clark FREEPORT—Two state agencies tasked with converting this former American military base into economic zones have remitted dividends to the national treasury, which, combined, amounted to about P3 billion.

The ₱2.597-billion contribution of the Clark Development Corp. (CDC) raised its remittance of the past four years to more than ₱8 billion, CDC president Atty. Agnes Devanadera said on Friday.

“(The current remittance) reflects the power of fiscal discipline, good governance, operational excellence, and responsible stewardship of public assets,” she said, following July 9 rites held earlier at Malacañang.

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Founded 33 years ago, CDC’s main income comes from leasing properties inside this 4,400-hectare freeport in Pampanga. As of the latest tally, it has more than 1,200 business locators that employ 151,000 workers, or five times the 30,000 Filipinos that the United States Air Force hired until the 1991 closure of Clark following Mt. Pinatubo’s biggest volcanic eruption.

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On the other hand, the ₱585.71-million remittance of the Clark International Airport Corporation (CIAC) showed “sound fiscal management and its contribution to funding the government’s priority programs for the Filipino people,” according to CIAC president and CEO Jojit Alcazar.

READ: Clark seen on track to beat P12.35-B investment target for 2026

The CIAC remittance represents 60 percent of CIAC’s adjusted net income for fiscal year 2025 and is 88 percent higher than the ₱310.99 million it remitted in 2024, he said.

Alcazar said CIAC’s remittance exceeded the minimum requirement under Republic Act No. 7656, or the Dividend Law, which mandates GOCCs to remit at least 50 percent of their adjusted net earnings to the national government.

The CIAC expected its dividend contributions to continue growing as it advances its seven flagship projects under the Clark Aviation Capital, the corporation’s aviation-oriented development program that integrates logistics, commerce, innovation, and sustainable urban development to generate long-term investments, employment opportunities, and economic growth./coa

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