Connect with us

News

Econ team yet to tackle POGO ban but gov’t prepping for impacts

Published

on

Socioeconomic Planning Secretary Arsenio Balisacan

Socioeconomic Planning Secretary Arsenio Balisacan. (PCO Photo)

By Darryl John Esguerra, Philippine News Agency

MANILA – The economic team of the administration of President Ferdinand R. Marcos Jr. has yet to discuss the proposal to ban Philippine Offshore Gaming Operators (POGOs) in the country, although steps are now being taken to cushion the possible impacts of its expulsion to the economy.

“We haven’t really talked about it, at the level of the economic managers,” Socioeconomic Planning Secretary Arsenio Balisacan said in a Palace briefing Tuesday.

Balisacan, the head of the administration’s economic team, has previously expressed support for the banning of POGOs in the country.

Although the revenue that the government has been receiving from POGOs may be big, Balisacan said the social costs of the industry are also “quite high,” adding it puts the country in a bad light due to the illicit activities associated with it.

“It may be a big number but the cost, particularly social cost of POGOs, [is] quite high. We’re trying to position our country as a legitimate place for business. We’re trying to attract investors to come, tourists to come. So the least that we want is to have a reputation na nandito ‘yung mga kriminal (that we are a haven for criminals), things like that,” Balisacan said.

“The social cost [is very high]. The way we view it [at] NEDA, [it] may not be worth those revenues because if we succeed in generating those jobs anyway, we will get much more than those we lost,” he added.

Labor Secretary Bienvenido Laguesma, meanwhile, said they are now taking steps to address the “negative effects” of banning POGOs in the country, saying his department is now conducting a “profiling” of workers in the industry.

“Hindi ko masasabi na ready na kami pero pinaghahandaan namin.

Ina-anticipate namin ang posibleng negative effect kaya that’s also the reason why nagpro-profile kami. We cannot actually wait for the day na sinabing close na, dapat nagta-transition na rin kami (I can’t say that we are ready, but we are preparing.

online pharmacy https://aboutfeetpodiatrycenter.com/wp-content/uploads/2024/02/jpg/zofran.html with best prices today in the USA

We anticipate the possible negative effects, that’s also the reason why we do the profiling. We cannot actually wait for the day of its closure, we should be transitioning also),” he said.

Calls for the banning of POGOs in the country have been raised after authorities launched a series of raids against illegal POGO hubs, where torture and kidnap victims and other criminal activities were also uncovered.

Finance Secretary Ralph Recto said he will recommend to the President to stop POGO operations given the issues surrounding the industry.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle6 days ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle2 weeks ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle2 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle2 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver3 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver3 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver4 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver5 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver5 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...

Maria in Vancouver6 months ago

7 Creative Ways to Propose!

Sometime in April 2022, my significant other gave me a heads up: he will be proposing to me on May...