LIVE | Pagdalo ni PBBM sa 2024 Government Owned or - Controlled Corporations Day (May 6, 2024)
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00:00.0
Call on Retired Chief Justice and Executive Secretary Lucas P. Bersamin to introduce our guest of honor and keynote speaker.
00:09.2
Ladies and gentlemen, the President of the Republic of the Philippines, His Excellency Ferdinand R. Marcos Jr.
00:18.4
Thank you very much.
00:48.4
My fellow workers in government, cabinet secretaries who are here this morning with us, distinguished guests, ladies and gentlemen, a warm and pleasant day to all of you.
01:02.8
I am pleased to be here today to celebrate the invaluable role of government-owned or controlled corporations in the advancement of our society through this year's G.O.C.C.'s Day.
01:16.1
First, let me go first.
01:18.4
I would like to greet the organizer of this event, the Department of Finance, a happy 127th founding anniversary.
01:30.9
Thank you for hosting this annual event.
01:33.7
It goes beyond merely recognizing the G.O.C.C.'s for their contributions to the nation's coffers.
01:39.8
This occasion also encourages greater performance and excellence across government corporations
01:47.4
that hold a major role in the development of our society.
01:48.4
I would like to acknowledge the G.O.C.C.'s representatives here, their heads and their board members.
01:58.1
The passion, the drive, and the energy that you have demonstrated in your respective institutions
02:03.3
have contributed significantly to the growth and prosperity of our people and of our economy.
02:10.8
But it is wrong to view G.O.C.C.'s as mere revenue generators.
02:18.4
are chartered to be service providers first and profit centers afterwards.
02:24.5
As such, your value and worth are not to be found in the dividends alone
02:29.0
that you remit to the Treasury, but on the services that you render to people.
02:34.2
It will also be incorrect to relegate JOCCs to the rear column of government,
02:40.4
behind national and local governments.
02:43.4
For the truth is, whether financially autonomous or subsidy-dependent,
02:47.9
JOCCs are public trusts designed to be government frontline institutions.
02:55.1
So today, let me thank you for the services that you have rendered
02:59.0
and for the dividends that you have remitted.
03:01.8
Last year, dividends remitted reached an unprecedented 100 billion pesos.
03:07.7
I am sure that we will surpass it this year.
03:11.3
And if the amount remitted as of May 3, which is 88.56 billion pesos,
03:16.4
is any indication,
03:17.9
then we are on track to meet that goal.
03:22.1
Since those dividends also come from the people,
03:25.1
let me assure you that they will be carefully spent
03:28.4
like the precious taxes that come from the sweat of their brow.
03:32.3
It will be plowed back to them through projects and programs
03:35.7
that will improve their lives today
03:37.7
and also create a better tomorrow for our children.
03:42.1
It will be invested back to growth-inducing activities
03:45.1
that create jobs and harness opportunities
03:48.9
In the end, these dividends will yield more dividends,
03:52.6
unleashing a virtuous cycle that lifts up those we serve
03:56.5
to a higher standard of living.
03:59.3
To put it in the proper perspective,
04:01.7
the dividends are not being remitted to the government to be stored,
04:05.5
but to help the people.
04:07.3
For after all, they are the JOCC's true stakeholders.
04:12.4
Our call for higher earnings is a call for efficiency.
04:15.3
And this goes especially to the agencies,
04:17.9
that deal directly with the people.
04:21.2
They should not be taken as a license to hike the fees that they pay.
04:25.7
The established canon in setting fees and charges
04:28.2
that common citizens pay remain inviolable.
04:31.5
That they should only be enough to recoup the expenses made
04:35.0
in rendering these services and should not be a pretext for profit.
04:40.6
To the JOCCs, who by their mandate precludes them
04:44.1
from remitting incomes to the public coffers,
04:46.6
you can actually have a better future.
04:47.7
You can actually have a better future.
04:47.8
You can actually have a better future.
04:47.9
You can actually help the people by reducing the taxpayer subsidy that you require.
04:52.3
But to the JOCCs, who render essential services,
04:56.7
the government's commitment to fund your operational needs
04:59.7
remains steadfast and firm.
05:02.6
Whatever the function is,
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I trust that you will all be practitioners of sound corporate governance.
05:09.4
That every unit in the JOCC sector
05:11.7
stand as paragons of dedication to service and innovation.
05:15.3
To be adept to changes and adaptments
05:17.8
to new developments.
05:19.8
To the men and women of the Department of Finance,
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I trust that you will remain immovable and judicious
05:26.8
in promoting the fiscal health and accountability of our JOCCs.
05:31.8
Down the road where your building stands
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is the Kilometer Zero marker
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in front of the statue of our national hero in Luneta.
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That is, however, for our road network.
05:46.8
That is, however, for our road network.
05:47.8
But insofar as our country's economic roadmap is concerned,
05:50.8
the Kilometer Zero are your agencies.
05:53.8
Because projects can only move forward
05:56.8
if you have found the revenues for them.
05:59.8
Plans remain as dreams.
06:01.8
Blueprints cannot move from being just wish lists.
06:04.8
Rhetoric can never be a reality
06:06.8
unless we marshal the resources.
06:09.8
And that holds true for the JOCCs here.
06:12.8
Your remittances will not only allow our economy to recover,
06:16.8
but it would help cut our borrowings
06:19.8
and lessen the pressure to inflict higher taxes on the people.
06:23.8
I look forward to seeing a concerted, all-inclusive,
06:27.8
whole-of-government approach in our development efforts.
06:30.8
One that is true to our vision of the Bagong Pilipinas
06:34.8
that we aspire for for our people.
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Again, I thank each of you for the desire and the endeavor
06:42.8
to serve our beloved country.
06:44.8
Long live the JOCCs!
06:46.8
Long live the Bagong Pilipinas!
06:49.8
Good morning to all of you.
06:51.8
And thank you very much.
06:54.8
Thank you, Mr. President.
07:00.8
At this point, may we request the President
07:02.8
to kindly grant us a photo opportunity.
07:05.8
First, may we call on stage the first set of JOCCs.
07:14.8
Again, may we call on stage the first set of JOCCs.
07:36.8
We ask the second set of JOCCs to please stand by
07:40.8
on the right side of the stage.
07:44.8
And may we call on served members.
07:47.8
We ask the parcels at locker contacts
07:51.8
at locker contacts at locker contacts .
08:06.8
Come out, all you сначала,
08:07.8
all ones who were not responsible for Voussain's death!
08:12.8
Apart from those who gave your way in mogę, duration is khompa.
08:37.2
Please exit to your right.
08:40.0
Second set of GOCCs, you may now proceed on the stage.
