Friday, September 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News Top Stories

Market overheating: Makati sets moratorium on POGO permits

Manila StandardbyManila Standard
December 9, 2019, 1:35 am
in Top Stories
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Makati Mayor Abby Binay today said the city has declared an indefinite moratorium on the issuance of new business licenses and permits to service providers of Philippine Offshore Gaming Operators (POGOs) due to rising criminality and prostitution.

READ: Finance vows relentless tax campaign vs. POGOs

In a statement, the mayor said effective immediately, the city would cease issuing “Letters of No Objection” (LONO) and stop accepting new applications for business permits from POGO service providers.

“We would no longer accept new applications for POGO service providers and crack down hard against illegal activities that are catering to POGOs and their employees within Makati,” she said.

In a statement issued to the press, the mayor cited the “overheating” market for residential and commercial space and the rising criminality and prostitution as major reasons for her decision to stop more POGOs from operating in the country’s financial district.

The influx of thousands of foreign workers employed by POGOs increases the demand for housing and work stations, thus causing property rates in the city to spike. This puts the local property sector at risk of overheating, where its growth becomes unsustainable, she said.

The mayor noted that almost all POGO service providers located in Makati are PAGCOR-licensed and duly registered with the Business Permits and Licensing Office. This has led to the city earning more than P200 million per year in local business taxes from POGO service providers.

“We will always welcome legitimate businesses in the city that strictly adhere to all laws and ordinances, particularly the payment of taxes. And we will always strive to provide these businesses and their employees with a safe environment conducive to business growth and personal activities,” Binay said.

Makati recently experienced an increase in unlawful activities targeting POGO employees, who are mostly Chinese. In the last two months, the Makati city government closed four illegal POGO service providers, two establishments that were used as prostitution dens, and one unsanitary restaurant and catering company. The authorities also seized P2.5 billion worth of illegal drugs from an apartment rented by a Chinese national.

READ: Online gaming operations seen to become the largest office space tenant in Metro Manila

With the high demand for residential units for POGO employees, there was also an increase in illegal apartment rentals. “These apartments are usually overcrowded with insufficient exits and faulty fire-alarm systems,” she said.

The mayor emphasized that Makati’s decision to impose a moratorium is aligned with the thrust of President Rodrigo Duterte and Finance Secretary Carlos Dominguez to crack the whip against illegal activities related to POGO service providers.

Given its central location and availability of leasable office buildings with high speed internet, Makati is home to as much as 300 POGO service providers that employ thousands of workers, most of whom

are Chinese nationals. These companies provide services like live e-casino video streaming, call center, marketing and other technical support to POGOs.

Tags: Abby BinayCarlos DominguezLetters of No ObjectionMakatiPhilippine Offshore Gaming OperatorsRodrigo Duterte
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

House okays P5.768-t post-pandemic budget

byMaricel Cruzand2 others
September 29, 2023, 1:10 am
0
8
Marcos, Macron tackle WPS security issues, bilateral ties

Small committee to tackle realignment of confidential funds The House of Representatives approved the proposed P5.768 trillion national budget Wednesday...

Read more

‘OVP intel funds invalid but not impeachment ground’

byMaricel Cruzand1 others
September 29, 2023, 1:05 am
0
8
PBBM vows ‘all possible aid’ to Ranara family

Albay Rep. Edcel Lagman said the release of P125 million in confidential funds to the Office of Vice President (OVP)...

Read more

Q3 pro-admin sentiment down to 43%—survey

byJulito G. Radaand1 others
September 29, 2023, 1:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

More Filipinos are dissatisfied with the Marcos administration but not enough are leaning toward the political opposition, the PAHAYAG 2023...

Read more

Congress passes several crucial priority measures

byMacon Ramos-Aranetaand1 others
September 29, 2023, 12:55 am
0
8
Halls of majesty

Speaker Martin G. Romualdez congratulated the House of Representatives for the speedy passage of 20 pieces of legislation aimed at...

Read more

Marcos, Macron tackle WPS security issues, bilateral ties

byCharles Dantesand1 others
September 29, 2023, 12:50 am
0
8
Marcos, Macron tackle WPS security issues, bilateral ties

President Ferdinand Marcos Jr. and French President Emmanuel Macron discussed security issues in the West Philippine Sea (WPS) in a...

Read more

Socorro ‘cult’ leader held in contempt

byMacon Ramos-Araneta
September 29, 2023, 12:45 am
0
8
Marcos, Macron tackle WPS security issues, bilateral ties

A Senate committee on Thursday cited Socorro Bayanihan Services Inc. (SBSI) leader Jey Rence Quilario, also known as Senior Agila,...

Read more
ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App