PCSO Ranks Among Top GOCCs with Over P1.6 Billion Remittance

MANILA, Philippines — The Philippine Charity Sweepstakes Office (PCSO) has emerged as one of the country’s top performing government-owned and controlled corporations (GOCCs), turning over more than P1 billion to the national treasury. In a statement, PCSO said it earned a place among the top 15 contributors during the 2026 GOCC Day held at Malacañang, with a remittance of P1.61 billion. The state-run firm said it continues to fulfill its dual mandate of generating funds for charity while supporting the government through dividend remittances. It said revenues from its gaming operations bankrolls the ongoing implementation of various charitable programs, including medical assistance, donations of patient transport vehicles, institutional partnerships, corporate social responsibility initiatives and other services. This year, 50 GOCCs are set to remit a record P147.15 billion in dividends, led by the Bangko Sentral ng Pilipinas and the Land Bank of the Philippines. Of the total amount, P140 billion has already been remitted to the government, with the remaining balance to be completed before the end of the year. Finance Secretary Frederick Go said dividends from GOCCs remain a vital source of revenue, helping finance priority programs such as infrastructure, education and healthcare investments. Under Republic Act 7656 or the Dividends Law, GOCCs are required to remit at least 50 percent of their net earnings during the preceding year as dividends to the national government.