PCSO posts P48-B revenues in 3rd quarter of 2018

LEGAZPI CITY — The Philippine Charity Sweepstakes Office (PCSO) reported a total revenue of PHP48 billion from January to September this year, up PHP9.7 billion, or 25 percent from PHP38.2 billion in the same period of 2017.

The amount represents the combined earnings of PCSO from all its products: Lotto, Keno, Sweepstakes, and Small-Town Lottery (STL).

PCSO General Manager Alexander Balutan reported Thursday the office’s accomplishments to Bicol stakeholders in a “Sama-samang Talakayan at the La Piazza Convention Center, this city.

Balutan urged the media to help disseminate projects, efforts, program of the government – the PCSO.

“We are here today to give transparency to the people.” Balutan said.

Balutan added the increase in revenue shows the government’s intensified effort to get rid of illegal gambling.

He also assured that as PSCO generates more revenues, it would be able to serve more beneficiaries.

Meanwhile Nelly Loyola, PCSO Albay manager in an interview said PCSO has extended PHP86.3 million worth of medical assistance to 6,562 patients in the first 9 months in 2018.

“For our individual Medical Assistance Program (IMAP), we already extended for Albay PHP74.1-million for 4,645 patients; for Catanduanes PHP4.9-million for 598 patients and for Masbate, PHP7.3-million for 1,319 patients.” Loyola added.

Loyola added the nature of requests include confinement, dialysis and chemotherapy. (Connie Calipay/PNA)

Popular

PBBM doubles down on grassroots sports dev’t with NAS visit

By Darryl John Esguerra | Philippine News Agency President Ferdinand Marcos Jr. on Tuesday doubled down on his administration's push to build Philippine sports from...

PBBM hails pivot to renewables as future of power generation in PH

By Dean Aubrey Caratiquet As part of the gradual transition towards renewable energy, the government continues to support projects that would eventually steer the power...

Impeachment Trial Day 4: Prosecution’s witness Lotoc unveils VP Sara’s grave utterances against First Couple, ex-Speaker Romualdez

By Dean Aubrey Caratiquet and Brian Campued Last week, the Senate Impeachment Court began hearing Article IV of the Articles of Impeachment against Vice President...

PBBM packs Camiguin visit with health, rice, scholar aid push

By Darryl John Esguerra | Philippine News Agency President Ferdinand R. Marcos Jr. on Monday rolled out a package of healthcare, food security, and education...