Marcos jr. bans POGOs, sets end-2024 deadline

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Marcos jr. bans POGOs, sets end-2024 deadline - Business Mirror

Quick Summary:

PRESIDENT Ferdinand R.Marcos Jr.on Monday announced a ban on all Philippine Offshore Gaming Operators (Pogo) nationwide, effective at the end of the yearend, saying it was time to end the evils associated with them.

Bienvenido Abante, both of which proposed banning Pogos.“We made the proposal long before the authorities exposed various criminal activities associated with Pogos raided in Bamban, Tarlac, and Porac, Pampanga, including money laundering and human trafficking,” he said.

Among the bills pending under Senate consideration are: Excise Tax on Single-Use Plastics, Rationalization of the Mining Fiscal Regime, New Motor Vehicle User’s Charge/Road User’s Fee, and VAT on Digital Transactions Act.“Pogos are just a small part of a bigger Pagcor IGL framework,” Salceda noted.“I hope the Senate will act swiftly to pass revenue measures that can offset the loss and ensure continued financial stability.