Business, Finance & Technology
Business Technology, Finance Technology & Information Technology
Al Tengco is appointed as Pagcor’s president by PBBM.
Businessman Alejandro “Al” Tengco has been appointed by President Ferdinand “Bongbong” Marcos Jr. as the chairman and CEO of the Philippine Amusement and Gaming Corporation (Pagcor).
Pagcor issued a press announcement confirming Tengco’s appointment.
He will succeed Rodrigo Duterte’s 2016 appointment of Andrea Domingo as president.
Tengco, a former vice mayor of Malolos, Bulacan, is the owner of Nationstar Development Corp.
His selection followed Malacaang’s denial of claims that Marcos had chosen attorney George Erwin Garcia to head the state-run gambling company more than a month before his appointment.
Juanito L. Saosa, Jr., a lawyer, was also appointed by Marcos as president and COO of Pagcor.
Additionally, he chose Jose Maria Ortega, Francis Democrito Concordia, a civil engineer, and Gilbert Remulla to serve on the Pagcor board of directors.
Remulla purportedly took his oath in Malacanang Palace before posting a picture of himself in a barong on his official Twitter account.
He wrote in his tweet, “And so the next chapter begins.”
Remulla is the brother of Cavite Governor Jonvic Remulla and Justice Secretary Crispin “Boying” Remulla.
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