STORY OF THE DAY


PAGCOR DENIES RELEASING 'EXCESSIVE' ALLOWANCES, GOLD MEMENTO RING TO EMPLOYEES



The Philippine Amusement and Gaming Corporation (PAGCOR) has denied the report of the Commission on Audit (COA) that the agency has released 'excessive' allowances, cash awards and gold souvenir rings to its employees.

In its 2017 annual report, the state auditors flagged PAGCOR's release of excessive benefits and allowances amounting to P334.8 million and over P13 million for the 18-karat gold ring giveaways.

In a statement, PAGCOR stressed that the awarding of cash and memento rings for employees who were in 20-year service was already stopped by PAGCOR chair and CEO Andrea Domingo in 2016.

The agency stressed, the COA's 2017 report had “no basis.”

The COA has yet to comment on the matter.