- Philippine Racing Commission released last week the decision made on horse Money Talks where in all of PRCI Board of Stewards fined five thousand pesos each for "being guilty of gross negligence amounting to ignorance of the rules and redeliction of duty" and given a stern warning that "similar offenses shall be dealt with more severely in the future".
The annual Commissioner's Cup sponsored by the Philippine Racing Commission which pays tribute to former PHILRACOM Commissioners this year honors the late Dr. Reynaldo "Eyo" Fernando in recognition for his initiatives in the creation of the Unsound Horses Committee and contributions in technical and relevant veterinary improvements and Atty. Franco M. Loyola for his contributions in relevant legal aspects set to fundamental measures instituted for the Philippine Horse Racing Industry.
The PHILRACOM Board, in its meeting last January 7, 2015 resolved to "cancel and transfer" the races on the first day of the Pope's visit to the Philippines this coming January 15, 2015.
In its Resolution No. 02-15, the PHILRACOM Board, cognizant of Pope Francis' pastoral visit to the Philippines wants to honor and share with the whole Filipino nation of this good news that will hopefully bring much blessings to all of us.
The current Commission Board, led by the Honorable Chairman Angel L. Castaño, Jr. is elated to convey significant accomplishments for the year 2014 (from January to December), as follows:
- Climb in Total Sales of 5.78%, P8.23 Billion (Estimated to contribute P1.36 Billion in direct government taxes) as compared to P7.78 Billion in 2013. Fifth highest in "Top Ranking" since 1974;
The first was in 1998, Next was in 2009.
And for the 3rd time, the PHILRACOM takes pride to receive the prestigious "Most Outstanding Accounting Office Award" for 2013 under the able leadership of Chairman Angel L. Castaño, Jr..