By Weng Ocfemia

MANILA – The Philippine Amusement and Gaming Corporation (PAGCOR) on Wednesday remitted PHP5.67 billion in dividends to the National Treasury, representing 50 percent of its net earnings for calendar year 2025.

The remittance complies with Republic Act No. 7656 or the Dividends Law, which requires government-owned and controlled corporations to remit at least half of their annual net income to the national government.

PAGCOR said it has remitted a total of PHP29.9 billion in dividends since 2022 despite challenges brought by the COVID-19 pandemic, geopolitical tensions, and global economic uncertainties.

“We remain steadfast in our mission to support the government even during these difficult times,” said PAGCOR Chairman and CEO Alejandro Tengco.

“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” he added.

Tengco said PAGCOR remains committed to supporting government programs and public services through its revenue contributions.

The ceremonial turnover of the dividend check was held at PAGCOR’s corporate office in Pasay City, where Deputy National Treasurer Kenneth Ian Francisco formally received the amount.

Francisco thanked PAGCOR for its continued remittances and cited the importance of the funds in supporting government programs.

“We congratulate and thank PAGCOR for another strong year of dividend remittance,” he said.

“PAGCOR’s P5.67 billion dividend remittance makes available much-needed fiscal resources that will enable the national government to mitigate the effects of the global oil crisis and pursue programs geared toward meaningful economic and social transformation,” he added.

PAGCOR said the remittances help finance government projects, infrastructure development, and social welfare initiatives as the country continues to face global economic pressures.