Philippines President said POGOs might have to go

Philippines President said POGOs might have to go

Philippine President Ferdinand Marcos Jr. said he is looking for the possibility to declare POGO illegal, and his lawmaker confirmed this in an interview on Sunday, 8 September 2022.

Senator of the Philippines, Imee Marcos said if they cannot regulate POGO, it is better to stop them. Because there are abductions and killings, and what is happening is already sordid and gruesome.

finance secretary Benjamin Diokno also said that POGOs in the Philippines had a social cost. It has a reputational risk because why are they going to the Philippines? Maybe because the Philippines is loose, they are not strict on our rules, so they reputational risk.

The president also added that It’s embarrassing to the international community that all these are happening – even if they involve Chinese nationals – in the country.

The finance secretary also explained that revenues collected from POGOs have continuously plummeted over the past years.

Imee Marcos, meanwhile, cited different figures, saying that projected POGO revenues were supposedly around P50 billion, but a chunk of the revenues goes to corruption.

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