VIA GRAPHIC PLUS — The Philippine Amusement and Gaming Corporation (PAGCOR) was recognized on Wednesday, July 8, for remitting P5.67 billion in dividends to the national government, the fifth-largest contributor among 50 government-owned and -controlled corporations (GOCCs) for fiscal year 2025.
During the 2026 GOCC Day celebration at Malacañang Palace, President Ferdinand Marcos Jr. presented a Certificate of Recognition to PAGCOR Chairman and Chief Executive Officer Alejandro H. Tengco in acknowledgment of the agency’s significant contribution to national development.
In his keynote address, the President underscored the vital role of GOCCs in advancing the country’s development, saying they have long served as “paragons of progress, equity, and opportunity.”
He emphasized that every peso remitted by GOCCs strengthens the government’s ability to deliver essential public services.
“It is proof that sound governance and fiscal responsibility can create opportunities for our people, while sparing them from bearing greater financial sacrifice,” the President said.
“You have shown that government institutions can deliver with professionalism, produce meaning results, and earn the trusts of the Filipino people,” he added.
Mr. Tengco for his part said the recognition underscores PAGCOR’s continuing commitment to fiscal responsibility and nation-building.
“Despite recent challenges brought about by global uncertainties, PAGCOR remains resolute in its commitment to support nation-building initiatives that help uplift the lives of Filipinos,” he said.
“We will continue to exercise fiscal discipline and work even harder to generate greater revenues for the benefit of the nation,” he added.
The P5.67-billion remittance represents 50 percent of PAGCOR’s income in 2025 in compliance with Republic Act No. 7656 or the Dividends Law which requires GOCCs to remit at least half of their annual net earnings to the national government.
Data from the Department of Finance showed that the total dividends in 2026 from 50 GOCCs amounted to Php147.15 billion. As of July 8, actual collections had reached Php140 billion, with the remaining balance scheduled for remittance before year-end.
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 was recognized on Wednesday, July 8, for remitting P5.67 billion in dividends to the national government, the fifth-largest contributor among 50 government-owned and -controlled corporations (GOCCs) for fiscal year 2025.){kind=link}