All about P-Noy

[samamar21]

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i dont think they can afford to sale it. dako kaayo katabang sa government to generate revenues.

[boom_box]

You might remember the other day that ABiaS-CBN was exploding this issue and it became a limelight again...

But what did McDonald Philippines said..

P21-M Pagcor food order was over 6 months—fastfood chain

By Daxim Lucas Philippine Daily Inquirer
First Posted 12:58:00 07/20/2010

The local unit of global fastfood chain McDonald’s has defended its deal with the Philippine Amusement and Gaming Corp. (Pagcor) wherein the latter paid the former P21 million to supply food to policemen over a six-month period.

MANILA, Philippines --The local unit of global fastfood chain McDonald’s has defended its deal with the Philippine Amusement and Gaming Corp. (Pagcor) wherein the latter paid the former P21 million to supply food to policemen over a six-month period.
In a letter to the Philippine Daily Inquirer, McDonald’s Philippines said that it billed the state-owned gaming agency “only for products ordered and legitimately delivered.”
“Official receipts were issued to Pagcor for the food orders,” said McDonald’s vice president for marketing Ma. Margarita B. Torres. “It must be noted that the dates indicated in the official receipts reflect the dates of payment and not necessarily the dates of the food delivery.”
Torres said that the food orders in question were covered by multiple transactions involving multiple stores. This was corroborated by a Pagcor official who spoke on condition of anonymity for lack of authority to speak on the matter. The official explained that the food bills were for “assistance” given by the agency to the Philippine National Police during large-scale deployment of policemen to ensure peace and order during rallies and protest marches.
“Handling large food orders is nothing unusual for the company,” Torres said. “Catering large food orders is among the services offered by McDonald’s.”
She explained that in facilitating large food orders, several stores may be assigned to prepare and deliver the food, depending on the quantity of the order, and all large food orders are placed in advance with a specific delivery schedule as requested by the customer.
“McDonald’s is a reputable and responsible company, which has been operating in the Philippines for almost 30 years,” she said. “The company abides by all Philippine laws and does not and will not be involved in any illegitimate transaction.”
The new Pagcor management is reportedly set to probe the purchase of P21-million worth of cheeseburgers and fried chicken for policemen by the agency.
The former Pagcor management issued a check for P21 million purportedly to reimburse ex-chair Efraim Genuino for the food.

========================

If ibaligya, ma wala lang sa aire ang issue..
Nya syaro, Mismo ang McDo nay ning defend ani na issue..
Do you think this multinational fast food chain would accept any bribe in exchange of their trusted brand? It's up to you kung asa mu panig

If PACGOR will be privatized..? asa naman mu kuha source? BIR? Sa Customs? I doubt makuha ba nila ang target na collection..
It's not the institution that has a problem.. it's the stupidity of officials..

[cebulifer]

the BIR and Customs are failing their collection targets! PAGCOR is giving ALL their profits to the government.

Dako kaayo tabang ng PAGCOR sa Cebu noh!

[cebulifer]

bisan pa tingali ug income generating ang pagcor, pero asa man napunta ang income ?? sa bulsa raman sa mga corrupt officials.

so because there are corrupt officials.... you want to sell PAGCOR? Pagka bright!

Dili ba mas sayon ilisdan ang mga officials?

[yacky2006]

Basin dako ug kita or dako mapunta sa government kung e privatize.
5% raman gud ang franchise tax then half sa 95% sa national treasury.

basin nakita nila nga mas dako paman ang donations kay sa na punta sa government.
mas daku pa gyud diay ug kita.

[bot_yok]

You might remember the other day that ABiaS-CBN was exploding this issue and it became a limelight again...

But what did McDonald Philippines said..

P21-M Pagcor food order was over 6 months—fastfood chain

By Daxim Lucas Philippine Daily Inquirer
First Posted 12:58:00 07/20/2010

The local unit of global fastfood chain McDonald’s has defended its deal with the Philippine Amusement and Gaming Corp. (Pagcor) wherein the latter paid the former P21 million to supply food to policemen over a six-month period.

MANILA, Philippines --The local unit of global fastfood chain McDonald’s has defended its deal with the Philippine Amusement and Gaming Corp. (Pagcor) wherein the latter paid the former P21 million to supply food to policemen over a six-month period.
In a letter to the Philippine Daily Inquirer, McDonald’s Philippines said that it billed the state-owned gaming agency “only for products ordered and legitimately delivered.”
“Official receipts were issued to Pagcor for the food orders,” said McDonald’s vice president for marketing Ma. Margarita B. Torres. “It must be noted that the dates indicated in the official receipts reflect the dates of payment and not necessarily the dates of the food delivery.”
Torres said that the food orders in question were covered by multiple transactions involving multiple stores. This was corroborated by a Pagcor official who spoke on condition of anonymity for lack of authority to speak on the matter. The official explained that the food bills were for “assistance” given by the agency to the Philippine National Police during large-scale deployment of policemen to ensure peace and order during rallies and protest marches.
“Handling large food orders is nothing unusual for the company,” Torres said. “Catering large food orders is among the services offered by McDonald’s.”
She explained that in facilitating large food orders, several stores may be assigned to prepare and deliver the food, depending on the quantity of the order, and all large food orders are placed in advance with a specific delivery schedule as requested by the customer.
“McDonald’s is a reputable and responsible company, which has been operating in the Philippines for almost 30 years,” she said. “The company abides by all Philippine laws and does not and will not be involved in any illegitimate transaction.”
The new Pagcor management is reportedly set to probe the purchase of P21-million worth of cheeseburgers and fried chicken for policemen by the agency.
The former Pagcor management issued a check for P21 million purportedly to reimburse ex-chair Efraim Genuino for the food.

========================

If ibaligya, ma wala lang sa aire ang issue..
Nya syaro, Mismo ang McDo nay ning defend ani na issue..
Do you think this multinational fast food chain would accept any bribe in exchange of their trusted brand? It's up to you kung asa mu panig

If PACGOR will be privatized..? asa naman mu kuha source? BIR? Sa Customs? I doubt makuha ba nila ang target na collection..
It's not the institution that has a problem.. it's the stupidity of officials..

this issue is somewhat a media circus.... da tagbaw ang media gi tubag na cla sa Mcdo puro nalang jud dautan ang ma hunahuna-an.

na unsa naman ni atong PNoy hahai.... sa ni botar ani nya mao na ni karn ang resulta...

[cebulifer]

Basin dako ug kita or dako mapunta sa government kung e privatize.
5% raman gud ang franchise tax then half sa 95% sa national treasury.

basin nakita nila nga mas dako paman ang donations kay sa na punta sa government.
mas daku pa gyud diay ug kita.

Ani ni bai!

PAGCOR 2008 Annual Report

Tanawa ang page 11. Naay breakdown sa distribution sa income sa 2008.

Ako na lang ilista diri.

(in million pesos)
PAGCOR Share
Operating Expense 12,765.93
Net Income 1,593.25
Total PAGCOR Share 14,359.18

Government Share
National Treasury 11,061.96
OP-PSF 1,350.17 - morag kani ang Pork Barrel sa office of the President
BIR 1,164.42 - 5% franchise tax
PSC 553.10 - para sa mga athletes
Host Cities 496.08 - Apil na ang Cebu ug Lapu-lapu ani
ECCD 458.89 - Early Childhood Care & Dev't Fund
Brgy Micro Business 100.00
Agricultural Guarantee Fund 52.40
Board of Claims 15.93
Sports Benefits & Incentives 5.03
Total Government Share 15,2578.98

Total 29,617.16

Ang P29B total 2008 gross earnings na kana.

[Romeojin]

dako kaau mawala sa govt revenue ani. imagine pud ng PAGCOR on private hands.. mag.cge nalang sila tukod ug casino with those revenues lol.

[yacky2006]

Ani ni bai!

PAGCOR 2008 Annual Report

Tanawa ang page 11. Naay breakdown sa distribution sa income sa 2008.

Ako na lang ilista diri.

(in million pesos)
PAGCOR Share
Operating Expense 12,765.93
Net Income 1,593.25
Total PAGCOR Share 14,359.18

Government Share
National Treasury 11,061.96
OP-PSF 1,350.17 - morag kani ang Pork Barrel sa office of the President
BIR 1,164.42 - 5% franchise tax
PSC 553.10 - para sa mga athletes
Host Cities 496.08 - Apil na ang Cebu ug Lapu-lapu ani
ECCD 458.89 - Early Childhood Care & Dev't Fund
Brgy Micro Business 100.00
Agricultural Guarantee Fund 52.40
Board of Claims 15.93
Sports Benefits & Incentives 5.03
Total Government Share 15,2578.98

Total 29,617.16

Ang P29B total 2008 gross earnings na kana.

kita ka 1.5B+ ra ang net income ang opex almost 13B.
kung kaykayon na sa governo ang opex basin dako pa cla makuha ana in terms of taxes kung private na.

dili ko acounting major peru kanang net income 1.5B morag ka dudahan sad na.

[cebulifer]

Most profitable companies 2008

PLDT - P34.64 billion
SMC - P19.35
SMIC - P14
Piltel-P11.35
Globe- P11.28

Gamay lang ang profit sa PAGCOR compared sa mga conglomerates. BUT... kung i-add nimo ang government share sa net income... P16,851,230,000 ang total profit sa PAGCOR! So mas dako pa ug kita kesa San Miguel! Unya mahug ra na ang PAGCOR ug service industry. They are not manufacturing a product.