PAGCOR Highlights Role of Startups in PH Investment Ecosystem
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco emphasized the vital role of the local startup sector in driving innovation, generating jobs, and reinforcing the Philippine investment landscape. Tengco delivered his keynote address during the 10th anniversary celebration of the Manila Angel Investors Network (MAIN), held at the Manila Polo Club in Makati City on October 8, 2026, according to the PAGCOR Official News Archive.
In his address, Tengco noted that startups allow Filipino entrepreneurs to transform innovative concepts into viable commercial enterprises while introducing new products and services to the market. He highlighted that several local startups have successfully expanded to compete in regional and international markets, showcasing the creativity and competence of Filipino business founders.
Angel Investors and Private-Sector Collaboration
Tengco commended MAIN for its ongoing contributions to the country’s business ecosystem by linking early-stage entrepreneurs with seasoned investors. He pointed out that angel investors offer essential value beyond capital funding, including operational knowledge, business experience, and strategic industry networks.
According to Tengco, this mentorship and resource access are especially critical for entrepreneurs possessing strong product ideas but lacking the necessary market access or capital to scale effectively. He emphasized that active cooperation between the government sector and private organizations like MAIN creates a stronger foundation for sustained economic progress.
PAGCOR Mandate and Nation-Building Contributions
Addressing PAGCOR’s broader role in national development, Tengco explained that while the state regulator’s main function is overseeing the gaming industry, its overarching objective encompasses broader economic development and nation-building initiatives. Key points highlighted regarding PAGCOR’s mandated role include:
- Revenue Remittances: PAGCOR remits close to 70 percent of its gross earnings directly to the national government to support public programs and fiscal development.
- Strategic Mandate: Beyond legalizing and regulating gaming activities, PAGCOR works with private sector stakeholders to foster economic growth and national development.
- Public-Private Synergies: Collaboration between public agencies and private investor networks helps maximize economic opportunities across sectors.
During the event, MAIN presented Tengco with a Certificate of Appreciation, formally recognizing PAGCOR’s support and partnership in advancing the organization’s mission and boosting the national startup ecosystem.
Source Note
This report is based on official statements and details released by the Philippine Amusement and Gaming Corporation (PAGCOR) Official News Archive regarding Chairman and CEO Alejandro H. Tengco’s keynote speech at the Manila Angel Investors Network 10th anniversary event on October 8, 2026.
