GOCC news and updates

Rappler's latest stories on GOCC

ARTICLE FINDER

Binay seeks to stop misuse of Duty Free funds amid Teo controversy

Jul 01, 2018 - 9:50 PM

Senator Nancy Binay says the Governance Commission for GOCCs should 'take seriously' its job to coordinate policies of government corporations

ACCOUNTABILITY. Senator Nancy Binay, chairman of the Senate committee on tourism, said the Governance Corporation for Government Owned and Controlled Corporations needs to strengthen its fiscal practices over the Comission on Audit's findings on the misuse of Duty Free funds. Photo from the Office of Senator Nany Binay

COA hits agency monitoring GOCCs over 'excessive hiring'

Apr 22, 2018 - 7:35 PM

State auditors find that the Governance Commission for GOCCs spent P15.622 million on hiring 47 contractual employees instead of filling up 20 plantilla vacancies

Nearly P620 million in unauthorized bonuses given to GOCCs in 2016

Oct 29, 2017 - 6:30 PM

The Philippine Charity Sweepstakes Office has the largest amount of unauthorized perks released in 2016, at P518 million

UNAUTHORIZED BENEFITS. The Commission on Audit finds that 8 GOCCs paid P619 million worth of unauthorized perks to its personnel in 2016.

Which GOCCs are affected by Duterte’s EO on salaries?

Aug 03, 2017 - 7:56 PM

UPDATED According to the GCG the executive order affects officials and personnel of 97 GOCCs

Duterte EO suspends Aquino-created salary scheme for GOCCs

Jul 31, 2017 - 3:50 PM

Executive Order No 36 is signed days after the President vented his anger over excessive salaries bonuses and allowances during his second SONA

President Rodrigo Roa Duterte announces in his second State of the Nation Address (SONA) at the Batasang Pambansa on July 24, 2017 that he remains firm that the fight against the lingering problem of illegal drugs will be unrelenting. KING RODRIGUEZ/PRESIDENTIAL PHOTO

#ThewRap: Things you need to know, June 30, 2017

Jun 30, 2017 - 9:00 AM

Hello Here are the stories you shouldn t miss this Friday

CA upholds Taguig court ruling on BCDA property tax exemption

Mar 26, 2017 - 12:38 PM

But the Court of Appeals also says that BCDA properties leased to private entities are subject to real property tax

Bonifacio Global City. Rappler file photo

Gov't to place cap on GOCC officials' bonuses, honoraria

Jan 10, 2017 - 7:23 PM

An economic manager reveals that President Rodrigo Duterte is set to announce a cap on the bonuses and honoraria of GOCCs officials

QUESTIONABLE BONUSES. 'Once every quarter is the normal frequency of board meetings and their honoraria should be tempered, and also bonuses. In fact, they shouldn't be given bonuses. Why should they be given bonuses?,' NEDA chief Ernesto Pernia says. Rappler file photo

Gov’t subsidies to GOCCs up 48.7% as of Nov 2016

Jan 03, 2017 - 11:30 AM

Philhealth received the biggest subsidy of P42 96 billion from January to November 2016 according to the Bureau of the Treasury

COA: 8 GOCCs, 55 water districts released P727M questionable allowances

Nov 01, 2016 - 4:37 PM

According to COA s 2015 Annual Financial Report on GOCCs the Philippine Charity Sweepstakes Office topped the list with P429 82 million in questionable allowances to its officials and employees in 2015

10 gov’t firms fail to remit P68B in dividends – COA

Oct 31, 2016 - 7:09 PM

State auditors find that from 2004 to 2014 these GOCCs either did not declare failed to record failed to remit or under remitted their dividends

DENR: Massive dismantling of Laguna Lake fish pens in 2017

Oct 01, 2016 - 2:07 PM

The environment department says a study on how many fish pens should be allowed in Laguna Lake is already ongoing

Landbank-DBP merger stopped

Sep 07, 2016 - 12:55 PM

Finance Secretary Carlos Dominguez III says the main rationale behind the decision is that the two institutions serve different functions

DOF moves deadline for transfer of gov't deposits

Jul 17, 2016 - 10:55 PM

The Department of Finance says it received numerous requests for a deadline extension

TRANSPARENCY. Finance Secretary Carlos Dominguez III issues a new circular extending compliance deadline for NGAs, GOCCs and LGUs to June 30, 2017. Rappler file photo

Ombudsman sacks Cunanan, 5 other GOCC execs over PDAF scam

May 20, 2016 - 12:52 PM

The Technology Resource Center and National Agribusiness Corporation executives are dismissed in connection with the alleged PDAF abuse of 2 lawmakers

CORRUPTION BUSTER Ombudsman Conchita Carpio Morales says fighting corruption has been the 'reason' for her life. Rappler file photo

PhilHealth gets biggest share of subsidies among gov't firms in 2015

Mar 27, 2016 - 2:51 PM

Government owned and controlled corporations GOCCs received subsidies amounting to P78 01 billion 1 68 billion in 2015 according to the Bureau of Treasury

Aquino approves privatization of IBC-13

Jan 25, 2016 - 6:46 PM

UPDATED The decision paves the way for a public bidding with an estimated floor price of nearly P2 billion

Gov’t subsidies to GOCCs at P55.82B as of September

Nov 08, 2015 - 11:27 PM

The level of subsides given was 10 27 lower than the same period last year while gov’t spending is 14 below target as of the end of September

Super Typhoon Yolanda recovery halfway done – NEDA

Nov 05, 2015 - 6:57 PM

Gov’t says Yolanda recovery is entering its medium term phase and full recovery will only come in 2017

HALFWAY DONE. NEDA chief Arsenio M Balisacans says providing the full range of resettlement housing and large infrastructure projects such as municipal buildings in Yolanda-hit areas should be completed by 2017. File photo

COA orders 28 gov't firms to return P626M in illegal allowances

Nov 02, 2015 - 8:30 PM

The top 3 offenders in COA s list are the Philippine Economic Zone Authority Duty Free Philippines Corporation and Metro Cebu Water District

Aquino orders abolition of NLDC

Sep 09, 2015 - 6:13 PM

Memorandum Order 85 justifies that the National Livelihood Development Corporation – which was linked to the multi billion peso pork barrel scam – has overlapping functions with other government financial institutions

Aquino: PH will be 'first-world' within generation if reforms continue

Jul 27, 2015 - 10:00 PM

This is just the beginning you haven’t seen anything yet President Aquino says as he details in his last State of the Nation Address the economic gains under his watch

President Benigno Aquino III delivers his last SONA in the joint session during the 16th congress at the House of Representatives in Quezon City on Monday, July 27, 2015. Photo by Ben Nabong/Rappler

Select Mactan-Cebu airport authority properties exempt from tax

Jul 24, 2015 - 2:12 PM

The Supreme Court says that only portions of the airport lands and buildings leased to taxable persons like private parties are subject to real estate tax

Speedy processing, durable passports eyed in 2016

Jul 20, 2015 - 4:37 PM

Regular processing will be shortened from 15 to 10 working days while express processing will be reduced to 5 working days from the usual 7

President Benigno S. Aquino III receives his glass-framed commemorative presented by Presidential Communications Operations Office (PCOO) Secretary Herminio Coloma, Jr. and Foreign Affairs Undersecretary Rafael Seguis during the Unveiling of the Inaugural Marker of the Asian Productivity Organization (APO) Production Unit, Inc. High Security Printing Plant and Live Demonstration of the New ePassport System at the Lima Technology Center in Apolinario Mabini Street, Malvar, Batangas on Monday (July 20, 2015). The program showcases the APO security printing plant’s capability to conduct security printing of 3-passports, accountable forms, excise stamps and identity documents for the Philippine Government. (Photo by Benhur Arcayan / Malacañang Photo Bureau)

Subsidies to gov’t-owned firms rise by 200% in Q1

Jun 07, 2015 - 10:27 PM

The National Electrification Administration Philippine Children’s Medical Center and the National Irrigation Authority were the biggest beneficiaries of gov’t help

GOCCs remit P36.86 billion to national gov't

May 13, 2015 - 1:40 PM

The amount is higher than the remittance in 2014

REMITTANCES. President Benigno S. Aquino III receives from Philippine Reclamation Authority (PRA) chairman Roberto Muldong the dividend check amounting to P1.2-billion to be remitted to the National Treasury during the 2015 Government-Owned and Controlled Corporations (GOCC) Dividends Day. Malacañang Photo Bureau

COA orders return of P815M illegal benefits

Nov 02, 2014 - 6:37 PM

The COA 2013 annual financial report on 23 government owned and controlled corporations GOCCs says the incentives were given without legal basis

COA to 4 GOCCs: Return P2.4B unused DAP funds

Oct 21, 2014 - 1:06 PM

In its 2013 Annual Financial Report on government owned and controlled corporations the COA also ordered the GOCCs to account for P3 8 billion released to them under the Disbursement Acceleration Program

Gov’t infra spending jumps 63% in June

Aug 20, 2014 - 6:59 PM

Bulk of disbursements went to AFP aircraft acquisition and DPWH projects

FA-50: The Philippines recently signed a contract acquiring a squadron of FA-50 fighter jets from South Korea. File photo / Rappler

Less than half of GOCCs have dividends

Jun 09, 2014 - 6:00 PM

Of 114 Government Owned and Controlled Corporations GOCCs only 50 had dividends They total P32 31 billion

REFORMS. President Benigno Aquino III credits reforms instituted by his administration for the increase in dividends remitted by GOCCs. Malacañang Photo Bureau

Former Nabcor execs tip De Lima about P5-B agri funds misuse

Mar 25, 2014 - 7:26 PM

Among the anomalies in the DA that were cited include overpricing false quantities of products purchased and technical studies that were not carried out

More non-performing GOCCs under review

Mar 03, 2014 - 6:34 PM

The Governance Commission on GOCCs aims to reduce the number of government owned and controlled corporations to less than 100 by the year s end

UNDER REVIEW. The Governance Commission of GOCCs says it aims to reduce number of GOCCs to less than 100 by the end of the year. Photo by Rappler

COA to sue agencies for pocketing cash advances

Jan 30, 2014 - 2:37 PM

Despite yearly reminders from COA officials of agencies have failed to liquidate cash advances in the span of 10 to 15 years the COA chief tells senators

PhilHealth to bring perks issue to SC

Jan 19, 2014 - 1:03 AM

PhilHealth in a statement Saturday says it is being unfairly misjudged even after formally explaining in November 2013 the legality of the bonuses

Unauthorized GOCC bonuses? Blame Arroyo

Jan 17, 2014 - 4:20 PM

The Governance Commission for GOCCs says it has not approved any increases in benefits or bonuses since September 2010 and most releases of GOCCs have legal basis

Aquino defends hefty bonuses of SSS officials

Oct 15, 2013 - 9:07 PM

President Aquino says bonuses of executives from GOCCs are approved after a thorough process

DEFENDER. President Benigno Aquino III defends the release of bonuses to GOCCs. Malacañang Photo Bureau

'Abolish' agencies linked to pork barrel scandal

Sep 03, 2013 - 8:51 PM

A governance committee urges the Aquino government to abolish state agencies linked to the controversial fund releases

'Abolish' agencies linked to pork barrel scandal

Sep 03, 2013 - 8:51 PM

A governance committee urges the Aquino government to abolish state agencies linked to the controversial fund releases

Philhealth, NEA, NFA top recipients of state subsidies

Jul 29, 2013 - 12:38 PM

The national government extends P27 billion subsidies to state owned firms or agencies in January to June

COA disallows P10-M in PCSO allowances

Feb 16, 2013 - 10:27 PM

PCSO board members have made it to the list of the top 300 highest paid government executives

Pnoy reappoints Naguiat to Pagcor board

Dec 15, 2012 - 4:33 PM

The re appointment does not mean Naguiat automatically becomes chair of Pagcor again

Diokno, Villanueva, Herbosa again vie for SC post

Sep 18, 2012 - 1:07 PM

Villanueva and Herbosa previously vied for the post of chief justice

P72-B 'stimulus fund' in 2011 disbursed, budget chief says

Jan 09, 2012 - 7:48 PM

In an effort to ramp up spending to spur economic growth the Budget Secretary Florencio Abad said they have released 96 of the over P72 billion stimulus funds before end 2011