Daily Tribune
RECEIVING PAGCOR's Sustainability Award during the GCG Awards Ceremony are (from left) Compliance Department assistant vice president Marjorie I. Castro-Naranjo, COO Wilma T. Eisma, director Francis C. Concordia, and corporate secretary Leoncio Joel M. Barrameda III.
Photograph courtesy of PAGCOR
The Philippine Amusement and Gaming Corporation (PAGCOR) earned two major honors at the Governance Commission for GOCCs (GCG) Awards Ceremony on Monday, 1 December, reaffirming its status as one of the country’s leading GOCCs.
PAGCOR received a 99.92 percent score on its 2024 Performance Evaluation Scorecard and was also awarded the Sustainability Award for its “exemplary efforts in upholding sustainability values and best practices in corporate governance.”
PAGCOR chairman and CEO Alejandro H. Tengco said that the recognitions reflect the agency’s progress in steadily improving operations, enhancing regulatory systems, and ensuring that its revenues continuously support essential public programs.
Commitment to transparency
“Our strong 2024 Performance Evaluation Scorecard rating and the Sustainability Award highlight not just operational excellence but also our commitment to transparency, good governance, and nation-building,” he said.
“These awards from the GCG affirm the work we have done to make PAGCOR a transparent, accountable, and high-performing GOCC. It also strengthens our resolve to serve with integrity.”
Tengco added that PAGCOR “will continue to raise the bar of government service by ensuring that our revenues support essential social services and uplift communities that need help the most.”
Contributions to national development
In 2024, PAGCOR further enhanced its contributions to national development by remitting P68.20 billion to nation-building, supporting programs that directly benefit communities through infrastructure projects and disaster response, among others.
Complementing these efforts are PAGCOR’s consistent and substantial dividend remittances to the National Treasury, funding priority government programs and bolstering national resources for health care, sports development and renewable energy programs.
Active government partner
“PAGCOR remains an active partner of the government not only in revenue generation but also in laying the foundation for a stronger nation,” Tengco said.
