May 6, 2024
Description:
Pasay City, May 4, 2024 – Poro Point Management Corporation (PPMC) attended the 2024 GOCCs’ Day at the Philippine International Convention Center (PICC) this Monday, where it received a Certificate of Acknowledgement for Dividend Remittances for the year 2023.
Atty. Felix S. Racadio, President and CEO, together with Ms. Lenima Judan, PPMC Finance Manager, represented the PPMC at the event. PPMC was recognized as one of the awardees for its dividend remittance of Php10.49 million for CY 2023, which was remitted to the Department of Finance.
The acknowledgment of PPMC’s dividend remittances reflects PPMC’s commitment to financial responsibility. This recognition underscores PPMC’s position in the GOCC sector and its dedication to delivering value to shareholders while maintaining corporate governance standards.
This award is the 8th consecutive years accorded to PPMC.
The Poro Point Freeport Zone used to house the former Wallace Air Station. The enactment of Republic Act 7227 (Bases Conversion and Development Act) on March 19, 1992 and Proclamation No. 216 on July 27, 1993 effectively transferred the stewardship of the Freeport to the Bases Conversion and Development Authority (BCDA) to facilitate its conversion into a productive economic growth center.
Gov. Joaquin L. Ortega Ave. (Formerly Pennsylvania Ave.) San Fernando City 2500, La Union Philippines
