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  1. Join Date
    Jun 2010
    Posts
    103
    #21
    Quote Originally Posted by uls View Post
    just look at NAPOCOR

    in terms of revenue, it's probably the country's largest corporation

    pero syempre, as a GOCC, it's not profitable

    it's money-losing
    On the other side of the axis, is PAGCOR which is earning tons of cash for the Government. Which in turn na eexploit ng mga unscrupulous appointees.

  2. Join Date
    Nov 2005
    Posts
    45,927
    #22
    Quote Originally Posted by silverrain View Post
    On the other side of the axis, is PAGCOR which is earning tons of cash for the Government. Which in turn na eexploit ng mga unscrupulous appointees.
    yes PAGCOR is profitable

    an exception

    Genuino used PAGCOR funds to finance his son's election campaign

    so typical

  3. Join Date
    Jul 2010
    Posts
    1,114
    #23
    Quote Originally Posted by uls View Post
    just look at NAPOCOR

    in terms of revenue, it's probably the country's largest corporation

    pero syempre, as a GOCC, it's not profitable

    it's money-losing
    we also know a former top exec there in Napocor. he's retired na and guess what he told sa mga kwento-kwento, na-mi-miss na daw nya ang araw-araw na lunch/dinner sa mga hotels

  4. Join Date
    Jan 2007
    Posts
    4,459
    #24
    I hope all of these idiots' houses burn

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