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 A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...

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 Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifical ...

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 ...

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 (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 (PAGCOR) (P7.18-billion), Power Sector Assets and Liabilities Management Corporation (PSALM)(P2-billion), Bases Conversion Development Authority (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 (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; Bases Conversion Development Authority (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 (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 (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) * Land Bank of the Philippines (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 Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifical ...

(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 (CAAP) * Clark Development Corporation (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 (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 The Philippine National Railways (PNR) ( fil, Pambansang Daang-Bakal ng Pilipinas and es, Ferrocarril Nacional de Filipinas) is a state-owned railway company in the Philippines which operates one commuter rail service between Metro Manila a ...

(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 The Aurora Pacific Economic Zone and Freeport, also known as APECO, was established by virtue oRepublic Act No. 9490 otherwise known as the Aurora Special Economic Zone Act of 2007. It is being supervised and managed by the Aurora Pacific Economi ...

Authority *

Authority of the Freeport Area of Bataan The Authority of the Freeport Area of Bataan (AFAB) is a government agency attached to the Office of the President of the Philippines that operates and manages the Freeport Area of Bataan (FAB) in Mariveles, Bataan, Philippines. The FAB was o ...

(AFAB) * Alabang-Sto. Tomas Development, Inc. (ASDI) * Batangas Land Company, Inc. (BLCI) * Cagayan Economic Zone Authority (CEZA) * First Cavite Industrial Estate, Inc. (FCIEI) * G.Y. Real Estate, Inc. (GYREI) * Philippine Reclamation Authority (PRA) *

Poro Point Poro Point, also known historically as San Fernando Point ( es, Punta San Fernando), is a headland and peninsula located in the city of San Fernando, La Union, on the island of Luzon in the Philippines. It projects northwesterly about into the ...

Management Corporation (PPMC) * Subic Bay Metropolitan Authority (SBMA) * Southern Philippines Development Authority (SPDA) * Tourism Infrastructure and Enterprise Zone Authority (TIEZA) *

Zamboanga City Special Economic Zone Authority Zamboanga may refer to: * Zamboanga (province), a former province of the Philippines *Zamboanga City, a highly urbanized city located on Mindanao, Philippines * Zamboanga Peninsula, an administrative region in the Philippines comprising these provi ...

* 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 (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 The Credit Information Corporation (CIC) is a government-owned and controlled corporation providing credit information system in the Philippines. It was created in 2008 by the Credit Information System Act (CISA) to construct a centralized, c ...

(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 The Girl Scouts of the Philippines (GSP) is the national Girl Scouting association for girls and young women in the Philippines. Its mission is "to help girls and young women realize the ideals of womanhood and prepare themselves for their res ...

(GSP) * HGC Subic Corporation (HGC-SC) *

Home Development Mutual Fund The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG ( Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, is a government-owned and controlled corporation under the Department of Human Settlements and ...

(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 Philippine state broadcaster owned by the Government Communications Group under the Office of the Press Secretary (OPS). The IBC, along with sister media companies People's Televisio ...

(IBC-13) * Jaen Water District (JWD) * John Hay Management Corporation (JHMC) * Kamayan Realty Corporation (KRC) * Laguna Lake Development Authority (LLDA) * Local Water Utilities Administration (LWUA) * Lung Center of the 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 capita ...

(MMDA) * Metropolitan Waterworks and Sewerage System (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 (NEA) * National Food Authority (NFA) * National Home Mortgage Finance Corporation (NHMFC) * National Housing Authority (Philippines) (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 * National Livelihood Development Corporation (NLDC) * National Power Corporation (NPC/NAPOCOR) * National Research Council of the Philippines (NRCP) * National Tobacco Administration (NTA) *

National Transmission Corporation The National Transmission Corporation (TransCo) is a Philippine government-owned and controlled corporation created in 2001 by the Electric Power Industry Reform Act (Republic Act 9136) and a corporate entity wholly owned by the Power Sector Ass ...

(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 The Partido Development Administration is a government-owned and controlled corporation of the national government of the Philippines that is tasked with developing the Partido region, which covers the entire 4th District of Camarines Sur C ...

* 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 broadcaster owned by the Government of the Philippines. Founded in 1974, PTV is the main brand of People's Television Network, Inc. (PTNI), one of th ...

, Inc. (PTV-4) * Performance Investment Corporation (PIC) * Philippine Aerospace Development Corporation (PADC) * Philippine Agricultural Development and Commercial Corporaion (PADCC) * Philippine Amusement and Gaming Corporation (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 (PCSO) * Philippine Children's Medical Center * Philippine Coconut Authority (Philcoa) * Philippine Cotton Corporation * Philippine Crop Insurance Corporation (PCIC) * Philippine Deposit Insurance Corporation (PDIC) * Philippine Economic Zone Authority (PEZA) * Philippine Export and Foreign Loan Guarantee Corporation * Philippine Fisheries Development Authority (PFDA) * Philippine Forest Corporation (PFC) *

Philippine Guarantee Corporation The Philippine Guarantee Corporation (PHILGUARANTEE) is a Government-owned and controlled corporation attached to the Department of Finance. Formerly known as the Philippine Export-Import Credit Agency or PhilEXIM, is the principal agency for S ...

(PHILGUARANTEE) * Philippine Health Insurance Corporation (PhilHealth) * Philippine Heart Center (PHC) * Philippine Institute for Development Studies (PIDS)
Philippine Institute of Traditional and Alternative Health Care
(PITAHC) *

Philippine International Trading Corporation 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 ...

(PITC) * Philippine Mining Development Corporation (PMDC) * Philippine National Construction Corporation (PNCC) *

Philippine National Oil Company The Philippine National Oil Company (PNOC) is an energy company created on November 9, 1973, as a government-owned and controlled corporation founded during President Ferdinand Marcos' era to supply oil to the Philippines. Since then, its cha ...

(PNOC) * Philippine Pharma Procurement Inc. (PPPI) * Philippine Phosphate Fertilizer Corporation (PHILPOS) *

(PPA) * Philippine Postal Corporation (PHLPost) *

Philippine Racing Commission The Philippine Racing Commission ( fil, Komisyon sa Karerahan ng Pilipinas), abbreviated as Philracom, is a government agency under the Office of the President that functions as the supervisory and regulating body of horse racing in the Philippi ...

* 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 in ...

(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 The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

(SEC) * Small Business Corporation (SBC) * Sugar Regulatory Administration (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 The Department of Budget and Management (DBM; fil, Kagawaran ng Badyet at Pamamahala) is an executive body under the Office of the President of the Philippines. It is responsible for the sound and efficient use of government resources for nati ...

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