Tag page - GOCC

Prime Water Infrastructure Corp., a company owned by the family of Senator Cynthia Villar, has already taken over “100 water districts and counting” nationwide, a top official from Local Water Utilities Administration (LWUA) said. LWUA Administrator Jeci Lapus said that of the more than 500...

State-run Philippine Amusement and Gaming Corp. (Pagcor) has remitted additional funds to the Bureau of the Treasury for the government’s efforts in curbing the spread of COVID-19 and providing economic relief. In a statement, Recto Baltazar Jr., Pagcor vice-president, said the gaming regulator...

Dividends remitted by government-owned or controlled corporations (GOCCs) nearly doubled this year that helped the country’s efforts to curb the spread of COVID-19 and provide economic relief to pandemic-hit businesses and individuals. Data from the Department of Finance (DOF) showed that...

Monetary support to government companies is set to breach last year’s record by October driven by the Duterte administration’s coronavirus response, data from the Bureau of the Treasury revealed over the weekend. Total subsidies to government-owned and -controlled corporations (GOCCs) reached...