Asia

GOCC commission seeks to split PAGCOR

Published

7 years ago

April 27, 2018

George Miller

Reading Time: < 1 minute

The Governance Commission for Government-owned and Controlled Corporations (GOCC) declared on Wednesday it has suggested the separation of regulatory and commercial functions of Philippine Amusement and Gamong Corp (PAGCOR).

The GOCC commission made the suggestion to President Rodrigo Duterte, stateting it was “due to PAGCOR’s conflicting proprietary activities and regulatory functions in which its operation of casinos is in conflict with its function as a gaming regulator.” The suggestion was a result of a review of 12 state-owned firms.

Andrea Domingo, PAGCOR chairperson told GMA News Online that PAGCOR is not yet aware of the commission’s suggestion.
“The Governance Commission is committed to review the mandates of all 125 GOCCs under its jurisdiction, as well as recommend and implement appropriate actions to be undertaken for those with identified competitive neutrality issues, before the end of President Duterte’s term,” said GOCC.

It is expected that the commission will work closely with the Philippine Competition Commission (PCC), the National Economic Development Authority (NEDA), the Department of Justice (DOJ), and the Department Trade and Industry (DTI) to review the mandates of GOCCs and recommend the privatisation or transfer of regulatory functions to a proper government agency.

Source: FocusGN

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George Miller

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.