President Ferdinand R. Marcos Jr. on Tuesday urged government-owned and -controlled corporations (GOCCs) to modernize operations, adopt digital technologies, and ensure transparency in using public funds to better serve Filipinos.
Speaking at the 2025 GOCCs Day in Malacañang Palace, Marcos challenged GOCCs to simplify processes, reduce red tape, and provide citizens with faster, fairer, and more dignified access to services.
“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,” he said.
The President stressed that modernization and innovation are vital for aligning with global standards and meeting the growing demand for efficiency and accountability. He also reminded GOCCs that their dividends should translate into improved public services, with accountability and transparency as guiding principles.
“Public trust is our most valuable currency. Once lost, rebuilding it becomes far more difficult,” Marcos said, adding that GOCC funds must drive systemic reforms, uplift the vulnerable, and create lasting contributions for future generations.
The Chief Executive emphasized that in advancing the Bagong Pilipinas vision, GOCCs should serve as models of efficiency, innovation, and integrity while balancing modernization with responsible stewardship of public funds.
The 2025 GOCCs Day highlighted the significant contributions of GOCCs through dividend remittances and public services. According to the Department of Finance, total dividend collections from 53 GOCCs have reached ₱116.84 billion so far this year, with 15 GOCCs each remitting at least ₱1 billion.
These include the Land Bank 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).
With reports from the Philippine Information Agency (PIA)
