President Gloria Macapagal-Arroyo recently issued Administrative Order No. 225 for government-owned and controlled corporations (GOCCs) and government financial institutions (GFIs) to allocate five percent of their 2007 budget surplus for social services.
These services include projects in rice production, low-cost consumer and medicine outlets, Philhealth and micro-finance.
Covered by AO 225 are Philippine Gaming Corporation (PAGCOR), [...]

1 Comment | Read full story »