Philippine Charity Sweepstakes Office confident of hitting P60B revenue target

November 17, 2018

THE Philippine Charity Sweepstakes Office (PCSO) is optimistic  that the agency will hit its P60 billion or more revenue target this year.

PCSO General Manager  Alexander Balutan said this is due to the growing sales from the expanded Small Town Lottery (STL) operations being operated by authorized STL agents (ASAs) nationwide.

“From January to September 2018, our gross sales already hit almost P50 billion, and that is because of our hard-working employees all over the country. I’m very confident we can have a new record-breaking P60 billion by the end of 2018,” said Balutan, who led the inauguration of the new PCSO Branch Office in Aklan last November 12.

Aklan Branch is the second PCSO-owned building in Visayas region located at Capitol Subdivision, Estancia, Kalibo. It will have a daily IMAP (Individual Medical Assistance Program) allocation of P150,000.

Before he assumed as PCSO General Manager in 2016, Balutan recalled that PCSO had only 52 branches, now it has 66 with the recent opening of three new branches in Surigao, Cavite City, and Maguindanao province.

“This new building is a clear manifestation that PCSO will not leave Aklan. Meaning, we are here permanently in Aklan. You can easily reach us. We constructed this building to widen our reach and help more people,” said Balutan.

On the daily P150,000 IMAP allocation of Aklan, Balutan assured the people of Aklan that the agency will give that all to the Aklan patients.

“Uubusin natin ‘yan sa mga pasyente na taga-Aklan. I just don’t know if we can increase that allocation, but we have the Universal Health Care (UHC) program, which was started by our President (Rodrigo Duterte),” he added.

The Senate Bill 1896 or “UHC for Filipinos Act”, which was passed on third and final reading by the Senate on October 10, is seeking to give all Filipino access to health care coverage and services. The landmark bill, approved by 14 senators, seeks to grant every Filipino, even non-contributors to Philippine Health Insurance Corp (PhilHealth), access to “quality and affordable health goods and services.

To provide funding, it will pool contributions from state-owned gaming companies such as PCSO and the Philippine Amusement and Gaming Corp. (PAGCOR), and other government agencies.