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Pagcor told to remit 5.8b pesos of unpaid dividends
Wednesday 26th of February 2014
The Department of Finance has told The Philippine Amusement and Gaming Corp to remit 5.8 billion pesos ($130 million) worth of unpaid dividends during the term of President Gloria Macapagal-Arroyo from 2005 to 2010, local media said, citing Pagcor Chairman and President Cristino Naguiat Jr. at a press briefing. He said Pagcor will pay the dividends after checking the accuracy of the amount requested, but said it may take two to three years to settle the debt.
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