<<<PRESS RELEASES

GCG STRENGTHENS ITS COMMITMENT TO PDP 2017-2022

POSTED LAST 25 Apr 2018 - 11:20 am

(Released on 25 April 2018)

The Governance Commission has reviewed the mandates of 12 GOCCs in relation to competitive neutrality issues, as part of its commitment to the Philippine Development Plan (PDP) 2017-2022. Among the 12 is the Philippine Amusement and Gaming Corporation (PAGCOR) which the GCG has recommended to President Rodrigo Roa Duterte for separation of commercial and regulatory functions due to its conflicting proprietary activities and regulatory functions in which its operation of casinos conflicts with its function as a gaming regulator.

The Governance Commission is committed to review the mandates of all 123 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. 

The Governance Commission will be working 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 and initiate privatization or transfer of regulatory functions to the appropriate government agency.

It is the firm belief of the Governance Commission that there should be a level playing field between GOCCs and corporations in the private sector performing similar commercial activities. Competitive neutrality is clearly among the policies of the State under Republic Act No. 10149 and the Ownership and Operations Manual Governing the GOCC Sector. Pursuant to Section 5(l) of the GOCC Governance Act of 2011, the Governance Commission is mandated to recommend to the President GOCCs for dispositive action “upon determination that there is a conflict between the regulatory and commercial functions of a GOCC.”

The Governance Commission is committed to its role in the formulation and implementation of the National Competition Policy to improve consumer welfare and market efficiency, and achieve Pagbabago and Patuloy na Pag-unlad as envisioned in PDP 2017-2022.

 

For media contact:

Veronica Paula D. Castro

(02) 328 – 2030 to 34 local 307

vpdcastro@gcg.gov.ph

www.gcg.gov.ph