“My challenge to our GOCCs is to invest in modern technology, simplify our processes, and cut down on red tape so that every Filipino enjoys easy, fair, and dignified access to the services they deserve.”
President Ferdinand R. Marcos Jr. thus challenged government-owned or -controlled corporations (GOCCs) to modernize operations, invest in digital transformation, and ensure transparency in the use of public funds to better serve the Filipino people.
In his speech during the 2025 GOCCs Day held in Malacañan Palace on Tuesday, President Marcos said GOCCs must rise to the challenge of becoming more efficient and responsive to the needs of the public.
The President explained that modernization and innovation are essential in aligning with global standards while meeting the growing demands of citizens for faster and more transparent services.
“For the rest of the bureaucracy, our job is to ensure that the dividends of our GOCCs would redound to better services,” the President said.
President Marcos stressed that accountability and trust must guide the use of GOCC dividends, warning that public confidence is difficult to rebuild once eroded.
“We need to spend these funds with utmost transparency and accountability. Public trust is our most valuable currency. Once lost, rebuilding it becomes far more difficult,” the President said.
President Marcos emphasized that beyond financial contributions, GOCC funds should drive systemic reforms and reach the most vulnerable sectors of society.
“These funds should promote genuine reforms that uplift the quality of life, reach the vulnerable, and leave a lasting contribution for the next generation,” the Chief Executive said.
The President underscored that the push for Bagong Pilipinas requires GOCCs to serve as models of efficiency, innovation, and stewardship, balancing modernization with strict adherence to integrity and public accountability.
The 2025 GOCCs’ Day is conducted to give due recognition to the significant contributions of GOCCs, particularly through their dividend remittances and extending their mandated public services.
According to the Department of Finance (DOF), so far this year, the total dividend collection from 53 GOCCs is PhP 116.84 billion, wherein 15 GOCCs contributed at least PhP1 billion each.
These are Landbank of the Philippines (LANDBANK), Bangko Sentral ng Pilipinas (BSP), Philippine Amusement and Gaming Corporation (PAGCOR), Philippine Deposit Insurance Corporation (PDIC), Power Sector Assets and Liabilities Management (PSALM) Corporation, Bases Conversion and Development Authority (BCDA), Philippine Ports Authority (PPA), Manila International Airport Authority (MIAA), Clark Development Corporation(CDC), Philippine National Oil Company (PNOC), Philippine Charity Sweepstakes Office (PCSO), Subic Bay Metropolitan Authority (SBMA), Maharlika Investment Corporation (MIC), Philippine Economic Zone Authority (PEZA), and Philippine Guarantee Corporation (PGC). | PND
