Tony Chavez

PAGCOR revenues hit new record high of P112 billion in 2024

The Philippine Amusement and Gaming Corporation (PAGCOR) today said its revenues hit a new record high of P112 billion in 2024, nearly 41% more than the P79 billion in the previous year, due to the sustained robust performance of the Electronic Games Sector. Net operating income was at P84.97 billion, or 51% higher than the…

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House passes DOH-supported amendments to the UHC Law on 2nd reading

With strong support from the Department of Health (DOH), the House of Representatives passed House Bill (HB) No. 11357 on second reading yesterday, 28 January 2024. This bill contains a series of proposed amendments to the almost six-year-old Republic Act No. 11223, also known as the Universal Health Care (UHC) Act. A Legislative Executive Development…

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PAGCOR, AFPMC unveil P53.22-M dorm for patients’ watchers

The Philippine Amusement and Gaming Corporation (PAGCOR) and the Armed Forces of the Philippines (AFP) Medical Center inaugurated on Friday, January 24, a new halfway house for families and caregivers of patients at V. Luna Medical Center (VLMC) in Quezon City. The five-story watchers’ dormitory, which received P53.22 million in funding from PAGCOR, features 35…

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DOT, DSWD formalize partnership to aid tourism front liners

Tourism workers affected by natural calamities, disasters, and emergencies can now avail of financial and training assistance from the Department of Tourism (DOT) and the Department of Social Welfare and Development (DSWD).  This, after Tourism Secretary Christina Garcia Frasco and Social Welfare and Development Secretary Rex Gatchalian formally sealed the Memorandum on Agreement (MOA) on…

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House probes NGCP delays, transmission costs, foreign execs

The House Committee on Legislative Franchises, chaired by Parañaque City Rep. Gus Tambunting, on Thursday resumed its motu proprio inquiry into the operations of the National Grid Corporation of the Philippines (NGCP) as it sought ways to bring down electricity prices. Marikina City Rep. Stella Luz Quimbo pressed the Energy Regulatory Commission (ERC) and NGCP…

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Ph, Jamaica strengthen health workforce sustainability cooperation

The Philippine Department of Health (DOH), under the leadership of Secretary of Health Dr. Teodoro Herbosa, has taken a historic step to strengthen bilateral health collaboration between the Philippines and Jamaica. In a landmark event, Secretary Herbosa and Jamaican Minister of Health and Wellness, Dr. Christopher Tufton, signed a Memorandum of Understanding (MOU) on Health…

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GSIS offers new borrower-friendly approach to overdue loan penalties

The Government Service Insurance System (GSIS) has announced a more borrower-friendly approach to the computation of penalties on delinquent loan accounts designed to provide greater flexibility for members. This policy shift aims to ease the financial burden on GSIS borrowers while encouraging prompt payments and the resolution of outstanding balances. Under the revised policy, penalties…

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