In the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the

Government Service Insurance System The Government Service Insurance System ( fil, Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act ...

(GSIS), a social security system for government employees. There are over 200 GOCCs as of 2020. GOCCs both receive subsidies and pay dividends to the national government. Under the GOCC Governance Act (Republic Act No. 10149; Government Owned and Controlled Corporations (GOCC) Governance Act of 2011), GOCCs are overseen by the Governance Commission for Government-Owned or Controlled Corporations (GCG). The Governance Commission is the "government's central advisory and oversight body over the public corporate sector" according to the Official Gazette of the Philippine government. The Governance Commission among other duties prepares for the

president of the Philippines The president of the Philippines ( fil, Pangulo ng Pilipinas, sometimes referred to as ''Presidente ng Pilipinas'') is the head of state, head of government and chief executive of the Philippines. The president leads the executive branch of t ...

shortlist A short list or shortlist is a list of candidates for a job, prize, award, political position, etc., that has been reduced from a longer list of candidates (sometimes via intermediate lists known as "long lists"). The length of short lists varie ...

of candidates for appointment by the president to GOCC boards. Many but not all GOCCs have their own charter or law outlining its responsibilities and governance.

Finances

GOCC 2014 OPERATING SUBSIDIES AND PROGRAM FUNDS

GOCCs receive from the government "subsidies" and "program funds". Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project. Subsidies from the National Government in 2011 amounted to 21 billion

Philippine peso The Philippine peso, also referred to by its Tagalog name ''piso'' (Philippine English: , , plural pesos; tl, piso ; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 ''sentimo'', also called ...

s. In the 2013 fiscal year, the national government gave P71.9 billion pesos to GOCCs in subsidies, nearly twice the 44.7 billion pesos that was programmed in the budget. In 2014, 77.04 billion pesos was spent on GOCCs by the national government, 3% of which was classified as subsidies and 97% was classified as program funds. In 2013, on "GOCC Dividend Day", the Philippine government received 28-billion

s in dividends and other forms of remittances from the 2012 operations of kskakjxjka38 GOCCs. Eight GOCCs remitted 1 billion pesos each:

Philippine Reclamation Authority The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

(PRA)(P1 billion pesos),

Philippine Ports Authority Philippine Ports Authority ( fil, Pangasiwaan ng Daungan ng Pilipinas) is a government-owned and controlled corporation under the Department of Transportation as an attached agency. It is responsible for financing, management and operations ...

(PPA)(1.03-billion),

Manila International Airport Authority The Manila International Airport Authority (MIAA; fil, Pangasiwaan ng Paliparang Pandaigdig ng Maynila) is a government-owned and controlled corporation and agency under the Department of Transportation of the Philippines responsible for the m ...

(MIAA)(P1.54-billion),

Philippine Amusement and Gaming Corporation Philippine Amusement and Gaming Corporation (PAGCOR, ) is a government-owned and controlled corporation established through the ''Presidential Decree 1869''. PAGCOR is the Philippines' largest contributor of revenue to the government after the ...

(PAGCOR) (P7.18-billion), Power Sector Assets and Liabilities Management Corporation (PSALM)(P2-billion),

Bases Conversion Development Authority The Bases Conversion and Development Authority (BCDA; fil, Pangasiwaan sa Pangkaunlarang Kumbersiyon ng mga Base) is a government-owned and controlled corporation under the Office of the President of the Philippines. It is a governme ...

(BCDA)(P2.30-billion),

Development Bank of the Philippines The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati, Philippines. It was established after World War II in 1947 on the government's effort through its mandate to rebuild the country's war to ...

(DBP) (P3.16-billion) and

Land Bank of the Philippines Land Bank of the Philippines (LBP; often referred to simply as LandBank), is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen. While it provides the services of a universal bank, it ...

(LBP) (P6.24-billion). Under Republic Act No. 7656, all GOCCs are required to "declare and remit at least 50% of their annual net earnings as cash, stock or property dividends to the National Government." The Commission on Audit reports that in 2013 of the 219 profitable GOCCs, only 45 remitted a full 50% share of their dividends to the national treasury, leaving 174 others with unremitted government shares, amounting to more than P50 billion. Dividends remitted were only one-tenth (1/10) of the total required by law according to the commission. In 2014, on "GOCC Dividend Day", the Philippine government received 32.31 billion Philippine pesos worth of dividends and other remittances from 50 GOCCs. Seven GOCCs submitted over a billion pesos each:

(DBP) with P3.616 billion; Power Sector Assets and Liabilities Management Corporation (PSALM) with P2.5 billion;

(BCDA) with P2.107 billion;

(MIAA) with P1.577 billion; Philippine National Oil Company-Exploration Corporation (PNOC-EC) with P1.5 billion;

(PPA) with P1.422 billion; and

Philippine Deposit Insurance Corporation The Philippine Deposit Insurance Corporation ( fil, Korporasyon ng Segurong Deposito ng Pilipinas, abbreviated as PDIC) is a Philippine government-run deposit insurance fund. It was established on June 22, 1963, by Republic Act 3591. It guarant ...

(PDIC) with P1.05 billion.

List

There are over 200 GOCCs. Below is a partial list of GOCCs:

Financial services

Al-Amanah Islamic Investment Bank of the Philippines The Al-Amanah Islamic Investment Bank of the Philippines (abbreviated AAIIBP) or Al-Amanah Islamic Bank is the first and only Islamic bank in the Philippines. History Al-Amanah Islamic Bank traces its roots to the Philippine Amanah Bank, estab ...

(AAIIBP) * AFP-Retirement and Separation Benefits System (AFP-RSBS) * DBP Data Center, Inc. (DCI) * DBP Leasing Corporation (DBP-LC) * DBP Management Corporation (DBPMC) *

(DBP) *

(GSIS) * GSIS Family Bank (GSIS-FB) *

(LandBank) * Land Bank Countryside Development Foundation, Inc. (LCDFI) * LBP Insurance Brokerage, Inc. (LIBI) * LBP Leasing and Finance Corporation (LBP-LFC) * LBP Resources and Development Corporation (LBRDC) * Philippine Postal Savings Bank, Inc. (PPSB) * Social Housing Finance Corporation (SHFC) * Social Security System (SSS) * UCPB Savings Bank (UCPB-SB) *

United Coconut Planters Bank The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-controlled and was one of the largest banks in the Philippines, ranking within the top twenty banks in the country in ...

(UCPB) * UCPB CIIF Finance and Development Corp. (UCPB-CDFC) * UCPB Leasing

Transportation

Air

Civil Aviation Authority of the Philippines The Civil Aviation Authority of the Philippines (CAAP, ; fil, Pangasiwaan sa Abyasyong Sibil ng Pilipinas) is the civil aviation authority of the Philippines and is responsible for implementing policies on civil aviation to assure safe, econo ...

(CAAP) *

Clark Development Corporation The Clark Freeport and Special Economic Zone (CFEZ), often shortened to Clark, refers to an area in Central Luzon, Philippines. The CFEZ in Pampanga covers portions of the cities of Angeles and Mabalacat and portions of the town of Porac whil ...

(CDC) *

Clark International Airport Clark International Airport ( pam, Pangyatung Sulapawan ning Clark; fil, Paliparang Pandaigdig ng Clark; ), known as Diosdado Macapagal International Airport from 2003 to 2012, is an international airport covering portions of the cities of ...

Corporation (CIAC) * Mactan-Cebu International Airport Authority (MCIAA) *

(MIAA)

Land

Light Rail Transit Authority The Light Rail Transit Authority (LRTA) is a public transport operator that is responsible for the construction, operation, maintenance and/or lease of Manila Light Rail Transit System in the Philippines. It is organized as a government-owned ...

(LRTA) * North Luzon Railway Corporation (NorthRail) *

Panay Railways Panay Railways Inc. is a government-owned and controlled corporation of the Philippines headquartered in La Paz, Iloilo City on the island of Panay. It is a subsidiary of Phividec Railways Inc. of the Philippine Veterans Investment Developmen ...

* Philippine National Railways (PNR)

Water

* Cebu Port Authority (CPA)

Educational Institutions

* Development Academy of the Philippines (DAP)

Manufacturing

* APO Production Unit, Inc. (APO-PUI) * Batong Buhay Gold Mines, Inc. (BBGMI) * Fiber Industry Development Authority (FIDA) * Philippine Sugar Corporation (PHILSUCOR) * PITC Pharma, Inc. (PITC-PI)

Real estate

* Aurora Pacific Economic Zone and Freeport Authority * Authority of the Freeport Area of Bataan (AFAB) * Alabang-Sto. Tomas Development, Inc. (ASDI) * Batangas Land Company, Inc. (BLCI) *

Cagayan Economic Zone Authority The Cagayan Economic Zone Authority (CEZA) is a government-owned and controlled corporation (GOCC) tasked to manage and supervise the development of the Cagayan Special Economic Zone and Freeport (CSEZFP) in the Philippines. Its creation and op ...

(CEZA) * First Cavite Industrial Estate, Inc. (FCIEI) * G.Y. Real Estate, Inc. (GYREI) * Philippine Reclamation Authority (PRA) * Poro Point Management Corporation (PPMC) *

Subic Bay Metropolitan Authority The Subic Bay Metropolitan Authority (abbreviated as "SBMA", fil, Pangasiwaang Panlungsod ng Subic Bay) is a governmental agency of the Philippines. Sometimes abbreviated as SBMA, the agency has played a significant part in the development of t ...

(SBMA) * Southern Philippines Development Authority (SPDA) *

Tourism Infrastructure and Enterprise Zone Authority The Tourism Infrastructure and Enterprise Zone Authority (TIEZA), formerly the Philippine Tourism Authority ( fil, Pangasiwaang Pilipino sa Turismo), is an agency of the Philippine national government under the Department of Tourism responsibl ...

(TIEZA) * Zamboanga City Special Economic Zone Authority * Macabare Corporation (VMC)

Retail

* Duty Free Philippines Corporation (DFPC)

Utilities

* Davao City Water District (DCWD) * PNOC Renewables Corporation (PNOC-RC) * Southern Utility Management and Services, Inc. (SUMSI)

Others

Bases Conversion and Development Authority The Bases Conversion and Development Authority (BCDA; fil, Pangasiwaan sa Pangkaunlarang Kumbersiyon ng mga Base) is a government-owned and controlled corporation under the Office of the President of the Philippines. It is a governme ...

(BCDA) * BCDA Management and Holdings, Inc. (BMHI) *

Boy Scouts of the Philippines The Boy Scouts of the Philippines (BSP) is the national scouting organization of the Philippines in the World Organization of the Scout Movement. The Scout movement was first introduced in the Philippines on 1910 during the American Occup ...

(BSP) * Bukidnon Forest, Inc. (BFI) * Center for International Trade Expositions and Missions (CITEM) * Chemfields, Inc. (CI) * Corregidor Foundation, Inc. (CFI) * Cottage Industry Technology Center (CITC) * Credit Information Corporation (CIC) *

Cultural Center of the Philippines The Cultural Center of the Philippines ( fil, Sentrong Pangkultura ng Pilipinas, or CCP) is a government-owned and controlled corporation established to preserve, develop and promote arts and culture in the Philippines.Presidential Decree No. ...

(CCP) * Employees Compensation Commission (ECC) * Food Terminal Inc. * Fisheries Development Authority * Girl Scouts of the Philippines (GSP) * HGC Subic Corporation (HGC-SC) * Home Development Mutual Fund (HDMF/Pag-IBIG) * Home Guaranty Corporation (HGC) * Human Settlements Development Corporation (HSDC) * Independent Realty Corporation (IRC) * Instructional Materials Corporation *

Intercontinental Broadcasting Corporation Intercontinental Broadcasting Corporation (IBC) is a Philippines, Philippine State broadcasting, state broadcaster owned by the Government Communications Group under the Presidential Communications Group (Philippines)#Presidential Communicat ...

(IBC-13) * Jaen Water District (JWD) * John Hay Management Corporation (JHMC) * Kamayan Realty Corporation (KRC) *

Laguna Lake Development Authority The Laguna Lake Development Authority (LLDA), one of the attached agencies of the Department of Environment and Natural Resources (DENR), is responsible for the preservation, development, and sustainability of Laguna de Bay (Laguna Lake) and its ...

(LLDA) * Local Water Utilities Administration (LWUA) *

Lung Center of the Philippines The Lung Center of the Philippines (LCP) ( fil, Ospital ng Pilipinas sa may sakit sa Baga) is a government tertiary hospital specializing in the cure and prevention of lung and other chest diseases, located on Central, Quezon City, Philippines ...

* Marawi Resort Hotel, Inc. (MRHI) * Masaganang Sakahan, Inc. (MSI) *Metropolitan Cebu Water District (MCWD) *

Metropolitan Manila Development Authority The Metropolitan Manila Development Authority (MMDA; fil, Pangasiwaan sa Pagpapaunlad ng Kalakhang Maynila) is a government agency of the Philippines responsible for constituting the regional government of Metro Manila, comprising the capital ...

(MMDA) *

Metropolitan Waterworks and Sewerage System Metropolitan may refer to: * Metropolitan area, a region consisting of a densely populated urban core and its less-populated surrounding territories * Metropolitan borough, a form of local government district in England * Metropolitan county, a typ ...

(MWSS) * Metropolitan Waterworks and Sewerage System-Corporate Office * Metropolitan Waterworks and Sewerage System-Regulatory * Mid-Pasig Land Development Corporation (MLDC) * National Dairy Authority (NDA) * National Development Company (NDC) *

National Electrification Administration The National Electrification Administration (NEA; fil, Pambansang Pangasiwaan ng Elektripikasyon) is a government-owned and controlled corporation (GOCC) attached to the Department of Energy of the Philippines tasked in the full implementatio ...

(NEA) * National Food Authority (NFA) * National Home Mortgage Finance Corporation (NHMFC) *

National Housing Authority (Philippines) The National Housing Authority (NHA) is a government agency responsible for public housing in the Philippines. Established on July 31, 1975, it is organized as a government-owned and controlled corporation under the Department of Human Settleme ...

(NHA) *

National Irrigation Administration The National Irrigation Administration (NIA) ( fil, Pambansang Pangasiwaan ng Patubig) is a Philippine government-owned and controlled corporation primarily responsible for irrigation development and management in the country. History NIA was ...

(NIA) *

National Kidney and Transplant Institute The National Kidney and Transplant Institute is a tertiary referral hospital located in Central, Quezon City, Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilip ...

* National Livelihood Development Corporation (NLDC) *

National Power Corporation The National Power Corporation ( fil, Pambansang Korporasyon sa Elektrisidad, also known as Napocor, NPC or National Power), is a Philippine government-owned and controlled corporation that is mandated to provide electricity to all rural areas o ...

(NPC/NAPOCOR) * National Research Council of the Philippines (NRCP) * National Tobacco Administration (NTA) * National Transmission Corporation (TRANSCO) * Natural Resources Development Corporation (NRDC) * Nayong Pilipino Foundation, Inc. (NPF) * NDC-Philippine Infrastructure Corporation (NDC-PIC) * North Davao Mining Corporation (NDMC) * Northern Foods Corporation (NFC) * Occupational Safety and Health Center (OSHC) * Palacio del Gobernador Condominium Corporation (PDGCC) * Partido Development Administration * People's Credit and Finance Corporation (PCFC) *

People's Television Network People's Television Network ( fil, Telebisyon ng Bayan; abbreviated PTV) is the flagship State broadcasting, state broadcaster owned by the Government of the Philippines. Founded in 1974, PTV is the main brand of People's Television Network, In ...

, Inc. (PTV-4) * Performance Investment Corporation (PIC) *

Philippine Aerospace Development Corporation The Philippine Aerospace Development Corporation (PADC) is a state-owned aerospace and defense technological development corporation integrated to the Department of National Defense througExecutive No. 78 s. 2019 As of 2021, PADC is under organi ...

(PADC) * Philippine Agricultural Development and Commercial Corporaion (PADCC) *

(PAGCOR) *

Philippine Broadcasting Service Philippine Broadcasting Service (PBS) ( fil, Paglilingkod Panghimpapawid ng Pilipinas), also known by its government agency Bureau of Broadcast Services (BBS) (Filipino: ''Kawanihan ng mga Serbisyong Pambrodkast''), is a state radio network ...

(PBS) * Philippine Center for Economic Development *

Philippine Charity Sweepstakes Office The Philippine Charity Sweepstakes Office (PCSO, fil, Tanggapan sa Charity Sweepstakes ng Pilipinas) is a government-owned and controlled corporation of the Philippines under direct supervision of the Office of the President of the Philippines. ...

(PCSO) * Philippine Children's Medical Center *

Philippine Coconut Authority The Philippine Coconut Authority ( fil, Pangasiwaan sa Niyog ng Pilipinas, abbreviated as PCA or PHILCOA) is an agency of the Philippine government under the Department of Agriculture (from 2014 to 2018, under the Office of the President of the ...

(Philcoa) * Philippine Cotton Corporation * Philippine Crop Insurance Corporation (PCIC) *

(PDIC) *

Philippine Economic Zone Authority Philippine Economic Zone Authority (PEZA) is a government agency in the Philippines attached to the Department of Trade and Industry created to help promote investments in the export-oriented manufacturing industry into the country by assisting ...

(PEZA) * Philippine Export and Foreign Loan Guarantee Corporation * Philippine Fisheries Development Authority (PFDA) * Philippine Forest Corporation (PFC) * Philippine Guarantee Corporation (PHILGUARANTEE) *

Philippine Health Insurance Corporation The Philippine Health Insurance Corporation (PhilHealth) was created in 1995 to implement universal health coverage in the Philippines. It is a tax-exempt, government-owned and controlled corporation (GOCC) of the Philippines, and is attached to ...

(PhilHealth) *

Philippine Heart Center The Philippine Heart Center is a hospital in Central, Quezon City, Philippines, specializing in the treatment of heart ailments. It was established in 1975. Background The Philippine Heart Center is a hospital specializing in the treatment of ...

(PHC) * Philippine Institute for Development Studies (PIDS)
Philippine Institute of Traditional and Alternative Health Care
(PITAHC) * Philippine International Trading Corporation (PITC) * Philippine Mining Development Corporation (PMDC) *

Philippine National Construction Corporation The Philippine National Construction Corporation (PNCC) is a government-owned and controlled corporation (GOCC) in the Philippines. It is the largest construction company in the Philippines and in Southeast Asia. It is usually tasked with major ...

(PNCC) * Philippine National Oil Company (PNOC) * Philippine Pharma Procurement Inc. (PPPI) * Philippine Phosphate Fertilizer Corporation (PHILPOS) *

(PPA) *

Philippine Postal Corporation The Philippine Postal Corporation ( fil, Korporasyong Pangkoreo ng Pilipinas), abbreviated as PHLPost and also known as the Philippine Post Office, is a government-owned and controlled corporation responsible for providing postal services in t ...

(PHLPost) * Philippine Racing Commission * Philippine Retirement Authority (PRetA) *

Philippine Rice Research Institute Philippine Rice Research Institute (PhilRice) is a government corporate entity attached to the Department of Agriculture created through Executive Order 1061 on November 5, 1985 (as amended) to help develop high-yielding and cost-reducing techno ...

(PhilRice) *

Philippine Statistics Authority The Philippine Statistics Authority (Filipino: ''Pangasiwaan ng Estadistika ng Pilipinas''), abbreviated as PSA, is the central statistical authority of the Philippine government that ''collects, compiles, analyzes and publishes statistical inf ...

(PSA) * Philippine Veterans Assistance Commission (PVAC) * Philippine Veterans Investment Development Corporation (PHIVIDEC) * Phividec Panay Agro-Industrial Corporation (PPAC) * Piedras Petroleum Company, Inc. (PIEDRAS) * Pinagkaisa Realty Corporation (PRC) * PNOC Alternative Fuel Corporation (PNOC-AFC) * PNOC Development and Management Corporation (PNOC-DMC) * PNOC Exploration Corporation (PNOC-EC) * Power Sector Assets and Liabilities Management Corporation (PSALM) * Quedan and Rural Credit Guarantee Corporation (QUEDANCOR) *

Radio Philippines Network Radio Philippines Network, Inc. (RPN) is a Philippine television and radio company based in Quezon City. It is the flagship media property of Nine Media Corporation of the ALC Group of Companies; along with the Office of the Press Secreta ...

, Inc. (RPN-9) * Securities and Exchange Commission (SEC) * Small Business Corporation (SBC) *

Sugar Regulatory Administration The Sugar Regulatory Administration (SRA; Filipino: ''Pangasiwaan sa Regulasyon ng Asukal''; Hiligaynon: ''Administrasyon sa Regulasyon sang Kalamay'') is a government-owned and controlled corporation attached to the Department of Agriculture o ...

(SRA) * Technology Resource Center (TRC) * Tourism Promotions Board (TPB) * Trade and Investment Development Corporation of the Philippines (TIDCORP) * Twincom Asia Pacific, Inc. (TAPI) * Veterans Federation of the Philippines (VFP) * Zamboanga National Agricultural College - Rubber Estate Corporation (ZREC)

References

External links

Official website of the Governance Commission of GOCCs

List of GOCCs
from the Official Gazette of the Philippine national government
List of GOCCs
from the Department of Budget and Management
Directory of 67 GOCCs' websites from the
Department of Science and Technology
Governance Commission for Government-Owned or -Controlled Corporations
on Legal Wiki of LawCenter.ph. {{Philippines topics Politics of the Philippines Political organizations based in the Philippines Philippines politics-related lists Business in the Philippines