Marcos capped his third SONA by ordering a halt to the operation of POGOS by the end of the year, citing the need to end their "grave abuse and disrespect to our system of laws."
According to the President, the gaming entities have ventured into "illicit areas furthest from gaming" such as financial scamming, money laundering, prostitution, human trafficking, kidnapping, brutal torture, even murder.
"Internet gaming licensees are included in the ban," Presidential Communications Office Secretary Cheloy Garafil told The STAR in a text message yesterday.
After Marcos' SONA, House ways and means committee chairman and Albay 2nd district Rep. Joey Salceda expressed hope that the administration would find a way to ban POGOS without affecting IGLS.
In an interview with Radyo DZBB yesterday, Philippine Amusement and Gaming Corp. (PAGCOR) chairman and CEO Alejandro Tengco decried the potential loss of billions of peso in revenue from POGOS but said he would comply with the President's directive.
Denne historien er fra July 24, 2024-utgaven av The Philippine Star.
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Denne historien er fra July 24, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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GCash offers P300 and below loans
E-wallet leader GCash is stepping up its credit program with the launch of nano loans, lending as low as P100 for low-income users in need of immediate cash to cater to their basic needs.
Group warns gov't against amending SIM registration law
An advocacy group championing consumer rights has cautioned the government against amending the SIM registration law, saying that the proposal to limit SIM ownership will mean nothing if law enforcement remains weak and incapable of going after fraudsters.
Gov't, CAMPI partner for smoother entry of motor vehicle parts
The Board of Investments (BOI) and Bureau of Customs-Manila International Container Port (BOCMICP) have teamed up with the country's group of vehicle assemblers to enhance customs procedures for the importation of motor vehicle parts.
Infra, innovation vital to economic growth - NEDA
Investments in infrastructure and innovation are key to enhancing the country's resilience against climate shocks and achieving sustainable economic growth, according to the National Economic and Development Authority (NEDA).
DFNN to raise add'l capital through private placements
Listed DFNN Inc.is raising additional capital through private placements to fund its expansion and settle financial obligations.
State agencies post better spending rate in 8 months
The government ramped up the releases of cash allocations, with state agencies remaining in a higher spending mode from January to August compared to a year agp.
Haus Talk buys P1 B property for mixed-use project
Property developer Haus Talk Inc.(HTI) is acquiring a P1-billion property in Rizal for its first mixed-use development project.
ACEN on track to complete wind farm in Laos
Ayala-led ACEN Corp.is making significant strides.in the construction of the 600-megawatt (MW) Monsoon Wind project in Laos, which is set to become one of the largest wind farms in Southeast Asia.
ALI raises P2.7 B from sale of AREIT shares
Property giant Ayala Land Inc. (ALI) has raised P2.72 billion from a fresh round of block sale of shares of AREIT Inc.
Motorcycle firms join fight vs counterfeiting
The Motorcycle Development Program Participants Association Inc.
