CLARK FREEPORT ZONE, Pampanga —The government-run Clark
International Airport Corp. reported on Tuesday, June 28 that it has remitted a total of
Php176,739,971.00 this year as dividends to the Bureau of Treasury that contributed to the
national government’s funding requirements for COVID-19 responses.
“Despite the overwhelming challenges at the Clark aviation complex brought about by the
pandemic, CIAC’s operational flexibility and fiscal discipline has generated an upward annual
profit margin from 16 percent to 27 percent and thereafter to 46 percent from 2019 to
2021, and thus, our capacity to remit dividends,” CIAC President Aaron Aquino said.
From the total amount of dividends settled, Php156.74 million was remitted on May 5, 2022
and Php20 million last May 16, 2022, payments derived from revenues in managing the
aviation complex.
Aquino added this year’s remittance is 35 percent higher than the Php130.5 million
contribution of the agency to the national treasury at the height of the COVID-19 outbreak
in 2020.
“In the coming years, we hope to sustain and even increase CIAC’s modest contribution to
the national government funds by improving the business climate here at the Clark aviation
complex, encourage more foreign investments, and promote post-pandemic economic
recovery, as well,” Aquino said.
CIAC dividends remitted comply with the Republic Act 7656 that direct all government-
owned and controlled corporations (GOCC) to declare and remit at least 50 percent of their
net earnings to the National Treasury.
CIAC is the agency tasked to develop the Clark Civil Aviation Complex, home to the
privately-run Clark International Airport, as well as the mixed-use business district Clark
Global City, and several locators in cargo and aviation-related businesses. – CIAC/CCO