Finance Secretary Ralph G. Recto answer questions during the during the economic briefing for the World Economic Forum (WEF) Country Roundtable in Manila at the Kalayaan Hall in Malacanang in Manila on March 19, 2024. Jonathan Cellona, PPA/Pool

Finance Secretary Ralph G. Recto answer questions during the during the economic briefing for the World Economic Forum (WEF) Country Roundtable in Manila at the Kalayaan Hall in Malacanang in Manila on March 19, 2024. Also at the briefing are Special Assistant to the President for Investment and Economic Affairs Frederick D. Go (2nd from L) and National Economic and Development Authority Secretary Arsenio M. Balisacan (Far R ). PPA/Pool, Jonathan Cellona.

World Economic Forum

Katrina Domingo

ABS-CBN News

<img src="https://news-image-api.abs-cbn.com/Prod/editorImage/172061576096720240319-world-economic-forum-JC-8.jpg" style="width: 960px;" class="fr-fic fr-dib" alt="Finance Secretary Ralph G. Recto answer questions during the during the economic briefing for the World Economic Forum (WEF) Country Roundtable in Manila at the Kalayaan Hall in Malacanang in Manila on March 19, 2024. Jonathan Cellona, PPA/Pool">Finance Secretary Ralph G. Recto answer questions during the during the economic briefing for the World Economic Forum (WEF) Country Roundtable in Manila at the Kalayaan Hall in Malacanang in Manila on March 19, 2024. Jonathan Cellona, PPA/PoolMONTALBAN, Rizal &mdash; The Department of Finance (DOF) on Wednesday said it has submitted to President Ferdinand Marcos Jr. its &nbsp;recommendation to totally ban offshore gaming operations in the country.&nbsp;The recommendation has been submitted a &ldquo;few weeks ago,&rdquo; Finance Secretary Ralph Recto told reporters on the sidelines of an event here.&nbsp;&ldquo;The way it&#39;s being ran right now is a big problem, right? Unless we can improve the way we&#39;re doing it,&rdquo; he said.&nbsp;&ldquo;I don&#39;t think that we should prioritize POGO,&rdquo; he said.&nbsp;<a class="fr-green fr-strong" href="https://news.abs-cbn.com/news/2024/7/10/senate-panel-to-summon-harry-roque-over-alleged-links-to-porac-pogo-1215" id="isPasted">Senate panel to summon Harry Roque over alleged links to Porac POGO</a>&nbsp;The President has yet to respond to the DOF&rsquo;s recommendation, Recto said.&nbsp;The Finance chief declined to give details of his recommendation on the ban on POGOs, but he earlier said that he is &ldquo;not a fan of gambling.&rdquo;&nbsp;&ldquo;If they were not doing any hanky panky and they&rsquo;re paying taxes, fine with me. But I think there are many issues already surrounding the POGO industry &lsquo;di ba,&rdquo; he said in a forum earlier this month.&nbsp;Socioeconomic Secretary Arsenio Balisacan has also been vocal about his stance against POGOs in the country, saying that the social costs they bring outweighs the revenue generated from these businesses.&nbsp;Meanwhile, Sen. Sherwin &quot;Win&quot; Gatchalian, who is actively probing POGO operations through the Senate panel on women, supported Recto&#39;s recommendation.<a class="fr-green fr-strong" href="https://news.abs-cbn.com/regions/2024/7/10/-ignorant-or-complicit-senators-confront-porac-mayor-over-non-action-vs-illegal-pogo-1358" id="isPasted">&#39;Ignorant or complicit?&#39; Senators confront Porac mayor over &#39;non-action&#39; vs illegal POGO&nbsp;</a>&nbsp;&quot;I fully support Finance Secretary Ralph Recto&rsquo;s recommendation to the President to impose a total ban on Philippine Offshore Gaming Operators in the country,&quot; he said in a statement.&quot;Nakita naman natin sa imbestigasyon sa Senado ang mga hindi magagandang idinudulot ng mga POGO. The presence of POGOs has created significant economic and regulatory challenges diverting resources that could be better utilized elsewhere,&quot; the senator added.He said that among illegal activities linked to POGO are human and sex trafficking, serious illegal detention, money laundering, torture, and online scamming.

&ldquo;I don&#39;t think that we should prioritize POGO,&rdquo; he said.&nbsp;<a class="fr-green fr-strong" href="https://news.abs-cbn.com/news/2024/7/10/senate-panel-to-summon-harry-roque-over-alleged-links-to-porac-pogo-1215" id="isPasted">Senate panel to summon Harry Roque over alleged links to Porac POGO</a>&nbsp;The President has yet to respond to the DOF&rsquo;s recommendation, Recto said.&nbsp;The Finance chief declined to give details of his recommendation on the ban on POGOs, but he earlier said that he is &ldquo;not a fan of gambling.&rdquo;&nbsp;&ldquo;If they were not doing any hanky panky and they&rsquo;re paying taxes, fine with me. But I think there are many issues already surrounding the POGO industry &lsquo;di ba,&rdquo; he said in a forum earlier this month.&nbsp;Socioeconomic Secretary Arsenio Balisacan has also been vocal about his stance against POGOs in the country, saying that the social costs they bring outweighs the revenue generated from these businesses.&nbsp;Meanwhile, Sen. Sherwin &quot;Win&quot; Gatchalian, who is actively probing POGO operations through the Senate panel on women, supported Recto&#39;s recommendation.<a class="fr-green fr-strong" href="https://news.abs-cbn.com/regions/2024/7/10/-ignorant-or-complicit-senators-confront-porac-mayor-over-non-action-vs-illegal-pogo-1358" id="isPasted">&#39;Ignorant or complicit?&#39; Senators confront Porac mayor over &#39;non-action&#39; vs illegal POGO&nbsp;</a>&nbsp;&quot;I fully support Finance Secretary Ralph Recto&rsquo;s recommendation to the President to impose a total ban on Philippine Offshore Gaming Operators in the country,&quot; he said in a statement.&quot;Nakita naman natin sa imbestigasyon sa Senado ang mga hindi magagandang idinudulot ng mga POGO. The presence of POGOs has created significant economic and regulatory challenges diverting resources that could be better utilized elsewhere,&quot; the senator added.He said that among illegal activities linked to POGO are human and sex trafficking, serious illegal detention, money laundering, torture, and online scamming.

The recommendation has been submitted a &ldquo;few weeks ago,&rdquo; Finance Secretary Ralph Recto told reporters on the sidelines of an event here.&nbsp;&ldquo;The way it&#39;s being ran right now is a big problem, right? Unless we can improve the way we&#39;re doing it,&rdquo; he said.&nbsp;

<img src="https://news-image-api.abs-cbn.com/Prod/editorImage/172061576096720240319-world-economic-forum-JC-8.jpg" style="width: 960px;" class="fr-fic fr-dib" alt="Finance Secretary Ralph G. Recto answer questions during the during the economic briefing for the World Economic Forum (WEF) Country Roundtable in Manila at the Kalayaan Hall in Malacanang in Manila on March 19, 2024. Jonathan Cellona, PPA/Pool">Finance Secretary Ralph G. Recto answer questions during the during the economic briefing for the World Economic Forum (WEF) Country Roundtable in Manila at the Kalayaan Hall in Malacanang in Manila on March 19, 2024. Jonathan Cellona, PPA/PoolMONTALBAN, Rizal &mdash; The Department of Finance (DOF) on Wednesday said it has submitted to President Ferdinand Marcos Jr. its &nbsp;recommendation to totally ban offshore gaming operations in the country.&nbsp;

The Department of Finance (DOF) on Wednesday said it has submitted to President Ferdinand Marcos Jr. its recommendation to totally ban offshore gaming operations in the country.

The Department of Finance (DOF) on Wednesday said it has submitted to President Ferdinand Marcos Jr. its recommendation to totally ban offshore gaming operations in the country.

Finance chief Recto submits recommendation to totally ban POGOs in PH | ABS-CBN News

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Finance chief Recto submits recommendation to totally ban POGOs in PH

Finance chief Recto submits recommendation to totally ban POGOs in PH