The Philippine Horse Racing Industry has come to greater heights in terms of significant increase in Sales and Government Revenues brought about by the continuous reforms being implemented by the current leadership of the Philippine Racing Commission (PHILRACOM) under the chairmanship of Hon. Chairman Angel Lopez Castaño, Jr.
However, this astounding achievement consequently resulted with the depleting population of racehorses due to track related injuries and other varied physiological conditions of horses.
The newly elected officers of the Philippine Race Horse Trainer's Association, Inc. (PRHTAI) commencing April 16, 2014 took their Oath of Office before Honorable Chairman Angel L. Castaño, Jr.. Other honorable Members of the Commission Board present were: Hon. Eduardo B. Jose, Hon. Lyndon Noel B. Guce, Hon. Reynaldo G. Fernando, Hon. Victor V Tantoco and Hon. Commissioner/Executive Director Jesus B. Cantos.
The "Bayang Karerista" in the Philippines is witnessing "Blockbuster Sales Era" these past few weeks of 2014. The P179.4M weekly total sales of April 21-27 was the best in the past 24 months from January 2012 to December 2013 with the exclusion of third week December 2013 with P180.3M due to the support of popularly awaited and supported year end stakes races in that week of 2013.
Collectively, the average weekly sales of the past five months or from December 2013 to April 2014 is at P158.4M as against P144.8M on 2012 and P149.5M in 2013.
The Regional Emergency Assistance Communications Team (REACT) - Phils., an outstanding civic organization rendering assistance for public welfare particularly in rapid information gathering and dissemination especially in times of emergencies and calamities, recently revitalized its partnership with the Philippine Racing Commission (PHILRACOM).
President Benigno S. Aquino III message on the 40th Anniversary of the PHILRACOM
As the PHILIPPINE RACING COMMISSION celebrates its 40th Milestone Year of unwavering service and commitment to its horseracing industry partners and stakeholders, comes significant accomplishments to mark this Ruby Anniversary.
The kickoff to PHILRACOM's celebration to praise its invaluable achievement was a letter of citation dated March 7, 2014 from the Bureau of Internal Revenue (BIR) -Region 8 Revenue District Office. The PHILRACOM was appreciatively commended for consistently being one of the top taxpayers within the Revenue District No. 8; for its continued support to the government tax reform programs; and to the promotion of national prosperity.
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