The Philippine Amusement and Gaming Corporation (PAGCOR) recently received
formal recognition from the Governance Commission for GOCCs or GCG for
achieving a score of 99.46% in its annual Performance Evaluation System (PES) for
2022.
The score is one of the highest in the history of PAGCOR and was achieved on the
first year under the leadership of Chairman and CEO Alejandro H. Tengco, who was
appointed by President Ferdinand Marcos Jr. in August 2022.
PAGCOR’s score in the 2021 PES was 98.08%, while in 2020 it was 91.38%.
The award for 2022 was received by PAGCOR President and COO Atty. Juanito L.
Sañosa during the inaugural GOCC Governance Awards Ceremony on November
20, 2023 at the PICC Complex in Pasay City.
L. Sañosa, Jr., Director Francis Democrito C. Concordia, Corporate Secretary and
Compliance Officer/Compliance and Governance Group VP Atty. Leoncio Joel M.
Barrameda III, Compliance Department Assistant VP Marjorie I. Castro-Naranjo and
Compliance Department Senior Corporate Compliance Officer Maricel S. Dadap.
Atty. Sañosa said the award elevated PAGCOR to the ranks of the best performing
GOCCs in the country.
“This is truly another proud moment for PAGCOR. 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,” he said.
The PES award is a recognition of the unwavering dedication to the highest
standards of accountability and efficiency among government-owned and controlled
corporations.
In the GCG report, PAGCOR garnered perfect scores in 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; among others.
In his keynote speech during the awards ceremony, Executive Secretary Lucas P.
Bersamin said GOOCs contributed Php48.68 billion in dividends in 2022, funding
some of the most vital government socio-civic projects such as infrastructure, health,
education, and others.
Governance Awards Ceremony
“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 noted.
In a statement, GCG Commissioner Atty. Brian Keith F. Hosaka encouraged all
GOCCs to work closely together in making the GOCC sector a prime driver in
delivering effective and efficient progress for Filipinos.
Aside from PAGCOR, twelve other GOCCs received awards for achieving the
highest Corporate Governance Scorecard (CGS) ratings in 2022 while three bagged
the CGS Hall of Fame.
