In a development that could help sustain the Olympic gains, the Supreme Court acted favorably on the petition seeking to give the Philippine Sports Commission its full share of five percent of gross income from the Philippine Amusements and Gaming Corp as mandated by law.
The petition was filed in 2016 by former congressman Yeng Guiao, who sought to enforce Section 26 of Republic Act 6847 or the PSC law that mandates the gaming body to remit five percent of its gross earnings to the National Sports Development Fund (NSDF).
With the SC decision, the PSC's NSDF coffers stand to get billions in pesos from Pagcor, not to mention the sports agency's share from the Philippine Charity Sweepstakes Office that was also included in the petition.
Diese Geschichte stammt aus der August 23, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 23, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
IPC E&C, Goldwind to install wind farm turbines in Phl
IPC E&C Philippines Corp-and Goldwind International Philippines Inc. have signed an agreement to supply and install crane equipment for the Kalayaan 2 onshore wind farm in Luzon.
SEC tightens beneficial ownership policies
The Securities and Exchange Commission (SEC) is working with its peers in Southeast Asia to ensure that corporate structures are not used for illegal activities by advancing the implementation of beneficial ownership policies.
Toyota PH turns over Land Cruiser Prado to two-time Olympic gold medalist Carlos Yulo
The Filipino Olympic hero is honored by company officials and team members in a turnover ceremony at Toyota Motor Philippines' Laguna plant
The MG G50 Plus Luxury might be the brand's next ZSuccess
There are a lot of MPVs in the market today that are designed to mimic an SUV, in a way.
DOTr, DOT eye European market
Transportation Secretary Jaime Bautista and Tourism Secretary Christina Frasco are eyeing the European market to boost the country's tourism revenues.
They can't seem to get it
It is frustrating and somewhat scary that our ruling elite can't seem to get it.
Car sales zoom 6.6% in Aug
Motor vehicles sold in the country zoomed by 6.6 percent in August, driven by model introductions in recent months.
BSP to revise rules on selection of external auditors
The Bangko Sentral ng Pilipinas (BSP) is looking to amend the guidelines on the selection of external auditors for banks and financial institutions to enhance corporate governance.
PCC, SM team up to promote fair competition
SM Supermalls has teamed up with the Philippine Competition Commission (PCC) to promote fair competition through an information campaign as part of its commitment to ensuring a level playing field and consumer welfare.
Phl IPOs to be fueled by RE listings
Optimism still surrounds the initial public offering (IPO) market in Southeast Asia despite a slow start in 2024, with more renewable energy (RE) listings seen powering up the Philippine IPO landscape.