Philippines gaming regulator PAGCOR said Monday it was awarded a score of 99.46% in its annual Performance Evaluation System (PES) for 2022 by the Governance Commission for GOCCs (GCG) – one of its highest ever scores.
The PES award recognizes the success of GOCCs (Government Owned and Controlled Corporations) in achieving the highest standards of accountability and efficiency, with PAGCOR scoring the maximum in a variety of categories including Increased Contribution to National Government Coffers and Nation-Building Efforts; Increased Gross Gaming Revenue of the Industry; and Increased Revenue of PAGCOR.
By comparison, the agency scored 98.08% in 2001 and 91.38% in 2020, both prior to current Chairman and CEO Alejandro H. Tengco’s appointment.
“This is truly another proud moment for PAGCOR,” said PAGCOR President and COO Atty. Juanito L. Sañosa during the inaugural GOCC Governance Awards Ceremony in Pasay City.
“While this award serves as a validation of our efforts and hard work, it also inspires us to continuously exceed our past accomplishments – all in the service of our country.”
Executive Secretary Lucas P. Bersamin said GOOCs contributed Php48.68 billion (US$878 million) in dividends in 2022, funding some of the most vital government socio-civic projects such as infrastructure, health and education among others.
“It is beyond question that GOCCs are significant tools in adjuring inclusive economic growth and development for 2022. The Bureau of Treasury recorded Php48.68 billion dividends coming from different GOCCs that are covered under Republic Act 10149,” Bersamin explained.
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