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PAGCOR grants P120 million for OVP’s socio-civic initiatives

PAGCOR grant to OVP
Vice President Sara Duterte stands in the background as PAGCOR Chairman and CEO Alejandro Tengco and OVP Chief of Staff Atty. Zuleika Lopez display the Memorandum of Agreement (MOA), which stated the state-run gaming and regulatory firm’s commitment to release P120 million worth of financial grant, in support of the OVP’s pro-poor advocacies.

THE Office of the Vice President (OVP) will now be able to expand the reach of its social services after the Philippine Amusement and Gaming Corporation (PAGCOR) formally committed P120 million in support of the OVP’s pro-poor advocacies.

In a simple ceremony held in Mandaluyong City on August 1, 2023, Vice President Sara Duterte witnessed the signing of the Memorandum of Agreement (MOA) between PAGCOR Chairman and CEO Alejandro H. Tengco and OVP Chief of Staff Atty. Zuleika Lopez.

PAGCOR grant to OVP
Vice President Sara Duterte joins PAGCOR Chairman and CEO Alejandro Tengco (seated, right) and OVP Chief of Staff Atty. Zuleika Lopez (seated, left) in a photo opportunity. With them in photo is PAGCOR’s VP for Corporate Social Responsibility Group Ramon Stephen Villaflor (2nd from left) and other PAGCOR officers.

The MOA stated PAGCOR’s commitment to release the P120 million financial grant in four tranches – or P30 million per quarter to support the OVP’s medical and burial assistance programs nationwide.

The OVP requested supplemental funding from PAGCOR due to the numerous requests for financial aid from its recently established satellite offices in different parts of the country.

According to Chairman and CEO Alejandro H. Tengco, one of PAGCOR’s major Corporate Social Responsibility programs is providing assistance to worthy socio-civic causes. “We’re honored to be a part of the OVP’s efforts to address the medical and financial needs of Filipinos who are in dire situations. Through this grant, we hope that more people who approach the OVP for help will be given aid,” Tengco said.

As for OVP, PAGCOR’s financial grant will go a long way as it will help many impoverished patients settle their hospital bills, buy medicines, undergo dialysis treatments and avail of laboratory/diagnostic procedure, chemotherapy/brachytherapy/radiation therapy, implant/medical equipment/assistive device and physical/speech/occupational therapy.

Sara Duterte and Alejandro Tengco
Vice President Sara Duterte and PAGCOR Chairman and CEO Alejandro Tengco pose for posterity after the MOA signing between the OVP and the state-run gaming and regulatory firm.
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