's net income for the first half amounted to P3.078 billion, down 91.4 percent from last year's P35.794 billion.
"Because each GOCC
has a unique mission, they have different management requirements and financial performances.
According to Lacson, 'more disturbing is the fact that the GOCC
scored PhilHealth's prosecution rate at 0 percent; arbitration rate at 0.14 percent and claims processing rate at 0 percent.
PCSO, a GOCC
directly under the Office of the President, said it 'supports the decision of our dear President in eradicating corruption and illegal gambling activities.' Relative to this, it immediately disabled lotto and keno terminals on Saturday.
Dominguez said the GOCC
dividends collected by the government would help offset the subsidies to pay out to state enterprises performing crucial social missions.
From January to April, GOCC
subsidies amounted to P14.42 billion, still 70.67 percent below the P49.16 billion recorded in the same four-month period last year.
Borromeo said they wanted to secure a maximum of 49-percent stake 'because we don't want it [PDS] to become a GOCC
[government-owned and/or -controlled corporation].'
He said the government is mulling over the transfer of the ownership of Mile Long to a government-owned and -controlled corporation (GOCC
), such as the Bases Conversion and Development Authority (BCDA), which could go into a joint venture with the private sector for the development of the area.
The grant of the incentive was previously suspended by President Duterte to control the unjustifiable allowances of GOCC
executives and other government entity officials.
Because of this, PAGCOR's total remitted cash dividends from 2011 to the present amounted to P33.33 billion, enabling the agency to consistently make it to the GOCC
Elite Circle or the Billionaires' Club.
[We need a] maximum of 49 percent because we don't want it to become a GOCC
[government-owned and -controlled corpoartion],' Borromeo said.