Philippine senator calls on President Marcos to ban POGOs<\/a><\/p>\n\n\n\nGatchalian said a cost-benefit analysis conducted by the Department of Finance (DOF) in 2022 showed that while POGO operations generated PHP133.7bn to PHP144.5bn annually, enforcement and immigration costs resulted in a net annual loss of PHP3.3bn to PHP14bn, equivalent to 0.01 per cent to 0.06 per cent of the GDP.<\/p>\n\n\n\n
He said: “This means that POGO operations have brought more harm than good, as the economic costs greatly outweigh the benefits\u00a0derived from\u00a0such operations. Beyond the financial impact, the rise in human trafficking and online scams linked to POGOs is a moral failing we must address.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Senator Sherwin Gatchalian says POGO operations have “brought more harm than good”.<\/p>\n","protected":false},"author":176,"featured_media":7484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Senator Sherwin Gatchalian has introduced Senate Bill 2689, seeking to prohibit offshore gaming operations (POGOs) in the Philippines by repealing Republic Act 11590. Citing a Department of Finance cost-benefit analysis, the Senator argues that POGOs generate a net annual loss and are linked to a rise in criminal activities, including human trafficking and online scams, outweighing any economic benefits. This legislative initiative aims to outlaw POGO operations due to their significant social and economic costs.","focusai_entities":"Sherwin Gatchalian, Senate Committee on Ways and Means, Rodrigo Duterte, Colorful and Leap Group, Xinchuang Network Technology, Zun Yuan Technology, Department of Finance, President Marcos","focusai_location":"Philippines, Clark Freeport Zone, Las Pinas, Bamban, Tarlac, Vietnam","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Ban Legislative Outlook?","query":"What is the projected legislative timeline for Senate Bill 2689, and what are the political probabilities of its enactment given the current administration's stance on POGOs?"},{"label":"Economic Impact Beyond Revenue?","query":"Beyond the direct revenue and enforcement costs, what are the broader economic repercussions for the Philippines, including ancillary service industries and foreign direct investment, if POGOs are banned?"}],"footnotes":""},"categories":[154,158,16333],"tags":[23911,15789],"class_list":["post-777015872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-slider-home","category-south-east-asia-news","tag-gambling-regulation","tag-pogos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777015872"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015872\/revisions"}],"predecessor-version":[{"id":777015904,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015872\/revisions\/777015904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7484"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}