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P5B for SCPF

  • Written by Peoples Tonight
  • Published in Newsdesk
  • Read: 224

LOST amid today’s many controversial issues is news that the Philippine Amusement and Gaming
Corporation (PAGCOR) has contributed P11.5 billion to the government’s Socio-Civic Project’s Fund
(SCPF) since 2016.

Last October 25, PAGCOR, chaired by former Bureau of Immigration (BI) Commissioner Andrea
Domingo of Pampanga, remitted to the Office of the President of the Philippines (OPP) some P5 billion
for the SCPF.
    
Domingo, who is also the chief executive officer (CEO) of PAGCOR, handed the check for P5
billion to President Duterte.
    
Presidential Decree (PD) No. 1869 provides that PAGCOR’s Board of Directors allocates and
distributes the corporation’s earnings earmarked to finance infrastructure and socio-civic projects.
    
The OPP, in compliance with Commission on Audit (COA) rules and regulations, had earlier
submitted a report of disbursement covering the utilization of previous remittances prior to the
release of the P5 billion.
    
The report was duly certified by the chief accountant and verified by the COA audit team
leader.  
    
It is important to emphasize that the state-run gaming corporation plays a stellar role in
funding various socio-civic projects, like healthcare, educational, livelihood, subsistence, burial
and resettlement/housing assistance.
    
In the Philippines, a Third World nation teeming with poor people, many of them farmers,
fishermen, laborers and ordinary daily wage earners, PAGCOR is a household name.
    
Ito’y hindi nakapagtataka dahil ang ahensiyang ito ay maraming tao ang natutulungan, kasama na
ang mga may sakit hindi lang sa Metropolitan Manila kundi sa buong bansa.
    
This makes it easier for the government to convince the public to support PAGCOR’s various
fund-raising projects.