POGO not a huge part of the economy — BBM

POGO not a huge part of the economy — BBM

By Liezelle Soriano

A look inside a POGO company in the Philippines (Tripple I Consulting Inc. photo courtesy)

MANILA — President Ferdinand “Bongbong” Marcos Jr. on Sunday said that the Philippine Offshore Gaming Operators (POGOs) are not a huge part of the economy.

Marcos said that his administration is still reviewing whether the POGOs cause more harm than good in the country.

“I don’t know what would be the point. It’s not a huge part of our economy. And if it’s adjudged that there is a social cost, it might not be worth it. The cost might not be worth what they’re paying in taxes anymore,” he said.

“This issue came up a while back but when it came up, it was a response to all of those killings and violence, those illegal POGOs were doing. So yeah, I think all of these things we should be continuously examining to see if it still continues to be a good idea for the Philippines,” the President added.

According to the Chinese Embassy’s statement from a year ago, crimes related to POGOs hurt both Chinese and Philippine interests.

The Embassy also said that the “social costs of POGO far outweigh its economic benefits to the Philippines in the long run and POGO should be tackled from the root so as to address the social ills in a sweeping manner.”

(ai/mtvn)

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