Not even PNoy, with his emphasis on good governance, managed to correct this glaring irregularity. Politicians and influential cronies of post-EDSA presidents have benefited greatly – and still do – from the arrangement, weakening any political will to make things right.
Then again, we seem comfortable with a situation like this. Apparently, our bureaucracy and our dynastic politicians are oblivious to conflicts of interest.
Surprisingly, the BBM administration is determined to privatize PAGCOR, according to its chairman, businessman Al Tengco. He said BBM recognized the transparency and governance issues with PAGCOR as both the regulator and operator of casinos. The sale of PAGCOR's casinos is expected to generate no less than P80 billion. Thereafter, PAGCOR will collect licensing and other fees.
Privatizing PAGCOR involves selling all 43 casinos it manages to the private sector. After that happens, PAGCOR will become a purely regulatory body with no conflict of interest. This will also enable PAGCOR to focus more on the proper regulation of the gaming industry, helping to ensure criminal elements are weeded out.
Casino Filipino was and still is not a significant contributor to PAGCOR's revenues that would prevent privatization. From January to September, PAGCOR recorded a total of P299.83 billion in GGR (gross gaming revenues) for the Philippine gaming industry (including offshore gaming). PAGCOR-operated casinos generated P12.53 billion or just 4.18 percent of industry GGR.
Diese Geschichte stammt aus der October 28, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der October 28, 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.
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MQuest Artists Agency offers acting, dance, voice workshops
Those who will participate in the MQuest Artists Agency (MQAA) acting, dance, and voice public workshops will get the chance to be discovered and have exclusive access to auditions and the opportunity to join the MQAA talent pool.
SAM VERZOSA ON GIRLFRIEND RHIAN RAMOS: SHE'S MY LUCKY CHARM
SAM VERZOSA DESCRIBED girlfriend Rhian Ramos his \"lucky charm\" after receiving back-to-back awards this month.
The charmed life of Happy Ongpauco-Tiu
I was recently invited to the birthday lunch of PR guru Susan Joven at Tsokolateria-Pamana restaurant in the new GH (Greenhills) Mall.
FEELING RIZAL HOVER 'IN THE AIR' TONIGHT IN HEIDELBERG
HEIDELBERG, Germany—They say history is not just something we read or study; it is something we walk through. All our movements and moments become, in a sense, historic (with the magnitude of their historicity being relative, of course). History inhabits the air of cities—most especially old, grizzled ones such as Heidelberg in Germany with the hum and thrum of its cobblestones, where we recently echoed the footfalls not only of countless German figures who have shaped history but also of one Dr. Jose Rizal.
New Phl CPF finalized early next year – WB
The World Bank expects to finalize by early next year its new country partnership framework (CPF) that will outline programs to be supported in the Philippines for 2025 until 2028.
Focus on exports
Federation of Filipino Chinese Chamber of Commerce and Industry Inc. (FFCCCII) president Cecilio Pedro hopes that government officials would focus on increasing the country's self-sufficiency next year in the face of possible tariffs threats from the United States with the expected takeover of the government by president-elect Donald Trump.
ERC: EPIRA amendments could bring down power costs
The proposed changes to the Electric Power Industry Reform Act (EPIRA) could deliver the long-awaited solution to soaring electricity costs, according to the country's power regulator.
The bigger problems
\"In the larger scheme of things, Sara is unimportant. So please do not file impeachment complaints. It will only distract us from the work of governance which is to improve the lot of all Filipinos.\"
Phl MSMEs among target beneficiaries of ADB, Mastercard financing in Asia-Pacific
Micro, small and medium enterprises (MSMEs) in the Philippines are among the initial target beneficiaries of financing from the Asian Development Bank (ADB) and Mastercard to support small businesses in Asia-Pacific.
Metro Retail revisiting network expansion plan
Metro Retail Stores Group Inc., the listed retail company of the Gaisano Group, is revisiting its network expansion plan and strategies to adapt to the changing preferences of Filipino consumers.
