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Home News National

PAGCOR, DAP sign pact on privatization

Manila StandardbyManila Standard
September 19, 2023, 11:10 pm
in National, News
Reading Time: 1 min read
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THE Philippine Amusement and Gaming Corporation (PAGCOR) has partnered with the Development Academy of the Philippines (DAP) in facilitating the gaming regulator’s reorganization.

PAGCOR chairman and CEO Alejandro Tengco said they tapped DAP’s technical assistance to comply with the requirements of the Governance Commission for GOCCs (GCG) in the implementation of its Compensation and Position Classification System or CPCS which is needed prior to PAGCOR’s privatization.

“We thank the Development Academy of the Philippines for being a prime mover of competency building in government,” Tengco said. “We need their help to comply with the (documentary) requirements of the GCG and in our efforts to eventually implement the CPCS that our employees have been eagerly waiting for,” he said.

Tengco made the remarks after he and DAP president and CEO Engelbert Caronan, Jr. signed the Memorandum of Agreement for PAGCOR’s reorganization at the New Coast Hotel in Manila last September 12.

PAGCOR Vice President for Human Resource and Development Group Angelito Domingo and DAP Vice President for Mindanao Dr. Mark Lemuel Garcia also signed the agreement.

Mr. Tengco said he also wants to engage DAP in the facilitation and conduct of trainings for PAGCOR officers and employees to enhance their skills and competencies.

Mr. Caronan for his part expressed gratitude to PAGCOR for believing in DAP’s capability to help implement organizational changes that would be beneficial to the state gaming firm’s workforce.

“We would like to thank PAGCOR for their trust and confidence in this partnership; we are ready to provide the necessary technical services to make the agency GCG-compliant and help it carry out its reorganization efforts,” he said.

Tags: Development Academy of the Philippines (DAP)PAGCOR Chairman and CEO Alejandro TengcoPhilippine Amusement and Gaming Corporation (Pagcor)
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