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Executive Order No. 131 (2021)
—pursuant to Executive Order (EO) No. 58 (s.2018), the Home Guaranty Corporation (HGC), including all its guarantee functions, programs, personnel, assets and liabilities, was merged with the Philippines Export-Import Credit Agency (PhilEXIM); the same EO also transferred all the guarantee-related functions, programs, funds, assets and liabilities of the Small Business Corporation, the administration of the Agricultural Guarantee Fund Pool, and the Industrial Guarantee and Loan fund to the PhilE
Section 1.
Adjustment of Dividend Rate. —Pursuant to section 5 of RA No. 7656, the percentage of net earnings to be declared and remitted by the HGC to the National Government for CY 2018 is adjusted from at least fifty percent (50%) of its annual net earnings to 6.58%). ℒαwρhi৷
Section 2.
Coverage. —The adjusted dividend rate set fgorth in Section 1 of this Order is applicable only to the HGC for CY 2018
Section 3.
Effectivity. —This Order shall take effect immediately.
DONE, —in the City of Manila, this 28th day of April in the year of Our Lord, Two Thousand and Twenty-One.
(SGD.)— RODRIGO ROA DUTERTE
By the President:
(SGD.)— SALVADOR C. MEDIALDEA Executive Secretary