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Real estate still 'best asset' to hold amid pandemic: property specialist

ABS-CBN News
Updated as of Jan 08 02:19 PM

Property prices in the Philippines have gone up, or at least held their ground since the coronavirus hit, a property specialist told ANC's Market Edge on Thursday. Read more »

POGOs told to report kidnapping cases

ABS-CBN News
Posted at Nov 22 11:14 PM

Philippine Offshore Gaming Operators (POGOs) should report kidnapping cases involving their personnel instead of handling these incidents on their own, the country’s police chief said on Sunday.    Read more »

PAGCOR says online gaming revenues drop 50 percent as pandemic shrinks POGO income

ABS-CBN News
Posted at Sep 24 05:15 PM

Online gaming revenues dropped 50 percent after the COVID-19 pandemic and resulting restrictions limited offshore gaming operations, the country's gaming regulator said Thursday.  Read more »

POGOs seek 'compromise' with gov't, office demand seen to rise: Leechiu

ABS-CBN News
Posted at Jul 31 12:16 PM

Office demand by offshore gaming operators will likely return in September, after shrinking in the first half of 2020 due to COVID-19 lockdowns, a property consultant said Friday.    Read more »

BIR chief contradicts Calida, insists POGOs need to pay 5 percent franchise tax

ABS-CBN News
Posted at Jul 27 08:46 PM

POGOs need to pay the 5-percent franchise tax before being allowed to resume operations, the BIR chief said on Monday, contradicting the position of PAGCOR and the Office of the Solicitor General. Read more »

POGOs should pay P20 billion in franchise taxes: Barbers

ABS-CBN News
Posted at Jun 25 10:26 AM

MANILA - A lawmaker on Thursday reiterated the need to collect around P18B to P20-B in franchise tax from Philippine Offshore Gaming Operators (POGOs) as he believes that they are covered under the law after they have secured their license from the Philippine Amusement and Gaming Corporations (PAGCOR).    Read more »

De Lima seeks fresh Senate probe on POGOs

Katrina Domingo, ABS-CBN News
Posted at Jun 17 02:55 PM

Opposition Sen. Leila de Lima on Wednesday sought to investigate what she called an "increasing frequency" of illegal activities linked to Chinese-run offshore gaming firms in the Philippines. Read more »

Palace tells Hontiveros: Gov't collecting POGOs' unpaid taxes

Arianne Merez, ABS-CBN News
Posted at Jun 11 04:05 PM

The government is working to collect unpaid taxes of Philippine Offshore Gaming Operators (POGOs), Malacañang said Thursday following calls from an opposition senator. Read more »

Philippines to lose P50 billion if POGOs classified as BPOs: senator

ABS-CBN News
Updated as of May 05 09:47 AM

Classifying Philippine offshore gaming operations (POGOs) as business process outsourcing (BPO) firms will allow them to skip the payment of license fees, resulting in the loss of some P50 billion over due franchise fees, Sen. Franklin Drilon said Tuesday. Read more »

POGO group says to comply with reopening guidelines

ABS-CBN News
Posted at May 01 03:44 PM

A group of Philippine Offshore Gaming Operators (POGOs) said Friday they would follow requirements for their partial return during the country's virus lockdown. Read more »

Hontiveros wants China to pay for Philippines' COVID-19 expenses

ABS-CBN News
Updated as of Apr 22 07:55 PM

Senator Risa Hontiveros on Wednesday urged China to shoulder the Philippine government's coronavirus-related expenses, saying this is a way for Asia's largest economy to pay for destroying Philippine-owned reefs. Read more »

Reducing POGO exposure part of 'portfolio management': DM Wenceslao

ABS-CBN News
Updated as of Mar 13 09:16 PM

Diversifying portfolio to reduce exposure to offshore gaming is a business decision and is “nothing discriminatory,” the CEO of real estate firm DM Wenceslao said Friday. Read more »

Reducing POGO exposure part of 'portfolio management': DM Wenceslao

Jessica Fenol and Cathy Yang, ABS-CBN News
Posted at Mar 13 06:34 PM

Diversifying portfolio to reduce exposure to offshore gaming is a business decision and is “nothing discriminatory,” the CEO of real estate firm DM Wenceslao said Friday.   Read more »

‘POGOs are clean,’ Duterte tells Filipinos

Arianne Merez, ABS-CBN News
Updated as of Mar 11 06:19 AM

MANILA- President Rodrigo Duterte said Tuesday that Philippine offshore gaming operations (POGOs) are clean after a Senate investigation showed that there was an influx of dirty money into the country through the online gambling industry. Read more »

Gordon reveals P20M bribe try to exclude family in POGO money laundering probe

Katrina Domingo, ABS-CBN News
Posted at Mar 10 11:18 AM

MANILA - Sen. Richard Gordon on Tuesday said he was offered a P20-million bribe to avoid summoning to a Senate investigation the family tagged in a money laundering scheme linked to Chinese-run offshore gaming. Read more »

THE DAY IN PHOTOS: March 5, 2020

ABS-CBN News
Posted at Mar 06 03:00 AM

Here are the day's top stories in photos. Read more »

Drilon urges PH to take after Cambodia in online gambling shutdown

Christian Esguerra, ABS-CBN News
Updated as of Mar 05 08:18 PM

The Philippines should follow the lead of neighboring Cambodia and shut down its online gambling operations, Sen. Franklin Drilon said Thursday, warning of the “social cost” of keeping a multi-billion-peso industry blamed for a rise in kidnapping and other criminal activities. Read more »

Senate probes POGOs

Jonathan Cellona, ABS-CBN News
Updated as of Mar 05 08:01 PM

Officials from the Philippine Amusement and Gaming Corporation (PAGCOR) and Anti-Money Laundering Council (AMLC) attend on Thursday the senate inquiry on money laundering and other crimes allegedly linked to Philippine Offshore Gaming Operators in the country. Read more »

PAGCOR can't handle POGO regulation: Villanueva

Katrina Domingo, ABS-CBN News
Posted at Mar 05 06:39 PM

The Philippines' gaming regulatory body "cannot handle" the influx of Philippine Offshore Gaming Operators (POGO) in the country, a senator said Thursday, after a Senate inquiry found various irregularities in the country's internet gambling industry. Read more »

Senate probes family over $283-M ‘dirty money’

Christian Esguerra, ABS-CBN News
Updated as of Mar 05 06:31 PM

Members of a family allegedly working as “mules” have been ordered to appear before a Senate committee investigating millions of dollars in supposed dirty money laundered through offshore gambling operations in the Philippines. Read more »