The Philippine Amusement and Gaming Corporation (PAGCOR) these days obtained formal popularity from the Governance Commission for GOCCs or GCG for reaching a rating of 99.46% in its annual Performance Evaluation System (PES) for 2022.
The rating is one of the maximum withinside the records of PAGCOR and became done on the primary yr beneathneath the management of Chairman and CEO Alejandro H. Tengco, who became appointed through President Ferdinand Marcos Jr. in August 2022.
PAGCOR’s rating withinside the 2021 PES became 98.08%, whilst in 2020 it became 91.38%.
The award for 2022 became obtained through PAGCOR President and COO Atty. Juanito L. Sañosa throughout the inaugural GOCC Governance Awards Ceremony on November 20, 2023 on the PICC Complex in Pasay City.
Atty. Sañosa stated the award expanded PAGCOR to the ranks of the first-rate appearing GOCCs withinside the country.
“This is honestly any other proud second for PAGCOR. While this award serves as a validation of our efforts and difficult paintings, it additionally evokes us to constantly exceed our beyond accomplishments – all withinside the carrier of our country,” he stated.
The PES award is a popularity of the unwavering determination to the best requirements of duty and performance amongst authorities-owned and managed corporations.
In the GCG report, PAGCOR garnered ideal rankings withinside the following categories: Increased Contribution to National Government Coffers and Nation-Building Efforts; Increased Gross Gaming Revenue of the Industry; and Increased Revenue of PAGCOR; amongst others.
In his keynote speech throughout the awards ceremony, Executive Secretary Lucas P. Bersamin stated GOOCs contributed Php48.sixty eight billion in dividends in 2022, investment a number of the maximum crucial authorities socio-civic tasks together with infrastructure, health, education, and others.
“It is past query that GOCCs are massive equipment in adjuring inclusive financial boom and improvement for 2022. The Bureau of Treasury recorded Php48.sixty eight billion dividends coming from specific GOCCs which can be blanketed beneathneath Republic Act 10149,” Bersamin noted.
In a statement, GCG Commissioner Atty. Brian Keith F. Hosaka advocated all GOCCs to paintings intently collectively in making the GOCC area a top driving force in handing over powerful and green development for Filipinos.
Aside from PAGCOR, twelve different GOCCs obtained awards for reaching the best Corporate Governance Scorecard (CGS) scores in 2022 whilst 3 bagged the CGS Hall of Fame.