Duterte won't abolish POGO
: We need it !-- -- Alexis Romero (The Philippine Star) - September 5, 2019 - 12:00am MANILA, Philippines Despite warnings including from Beijing that it can worsen criminality, Philippine offshore gaming operations (POGO
) will continue because "it is good for the country," President Duterte said yesterday.
'We can use these additional labor law compliance officers to monitor the movements of these foreign workers especially those in the operation of these Pogos
,' the labor chief said.
Pagcor Chair Andrea Domingo claims POGOS
contribute an annual average of P 7 billion in franchise fees (and 2% of the business) during the last three years.
Pernia said these Pogos
can instead locate in places outside of the National Capital Region (NCR) or Metro Manila to operate.
However, Panelo noted that POGOs
remain as a 'legitimate revenue-making' project in the country.
The pleasure was simple enough that the pogo
stick's design has survived the better part of a century with virtually no change.
Experts say the pogo
stick is going to be this year's festive must-have
However, CNA Manufacturing Systems Inc, Redmond, WA, has developed Pogo
Flexible Tooling Systems that offer benefits that dedicated or fixed tooling can't offer.
The Bureau of Internal Revenue has collected about P200 million in taxes from foreigners working for Pogos
, which employs about 130,000 Chinese nationals in the Philippines.
Moreover, Leechiu emphasized that if POGOs
are ever pulled out of the country, the real estate market will get hurt, but will have a "soft-landing" due to deposits, payment advances made by POGO
firms, as they pay rent 24 months in advance.
Diokno said during a forum organized by the Economic Journalists Association of the Philippines (Ejap) that while the AMLC is involved in the investigation, the issue is not necessarily about POGOs
being conduits of money laundering but its impact on the larger economy should their operations are discontinued.