Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Law vs offshore outfits sought as post-POGO tasks begin

by
January 2, 2025
in Top News
0
Law vs offshore outfits sought as post-POGO tasks begin
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter
Police raided a suspected Philippine offshore gaming operator hub in a building in Parañaque City. — PHILIPPINE STAR/EDD GUMBAN

A PHILIPPINE senator on Thursday pushed for the passage of a law punishing offshore gaming companies that are linked to crimes, also citing the need to fast-track efforts by the Office of the Solicitor General (OSG) to seize properties illegally used by Philippine Offshore Gaming Operators (POGOs).

“I hope the year 2025 is the year we finally pass the Anti-POGO Act,” Senator Ana Theresia N. Hontiveros-Baraquel said in a statement. “We need a comprehensive law to ensure that no POGO scams, harms, or deceives many people.”

Senate Bill No. 2868, the “Anti-POGO Act,” is currently pending second reading in the Senate, while its counterpart House bill has so far secured committee approval.

This comes after Solicitor General Menardo I. Guevarra told reporters in a Viber message on Wednesday that his agency has been canceling fake birth certificates used by foreigners who are often linked to organized crime syndicates.

Mr. Guevarra also noted that the OSG’s “post-POGO” tasks include forfeiting illegally acquired real properties and other assets in the country.

Philippine President Ferdinand R. Marcos, Jr. earlier issued an executive order ordering the ban of POGOs due to their links to organized crime such as human trafficking. This is in line with his policy directives during his third State of the Nation Address to shut down POGOs by year-end.

Philippine Amusement and Gaming Corp. Chairman and Chief Executive Officer Alejandro H. Tengco had said that the government was on track to shut down POGO firms by year-end.

Mr. Tengco said in December that there were only 17 POGOs in operation, down from 298 licensed POGOs in 2019.

“The OSG should also work on seizing properties illegally used by POGOs,” Ms. Hontiveros said in a statement. “These properties should then be used as reparation for human trafficking victim-survivors, as stated in the Anti-Financial Account and Scamming Act.” 

Ms. Hontiveros had introduced an amendment to the Anti-Financial Account Scamming Act entailing the civil forfeiture of all properties and other non-liquid assets of individuals involved in cases of economic sabotage. Under the law, the Supreme Court will be tasked to craft rules on carrying out the proposed provision, which would include releasing a portion of the assets to the Justice department that would be used for support and protection for human trafficking victims.

“I am sure there are still foreigners out there using Philippine birth certificates in the wrong way, so I hope they can be identified and punished by law,” the senator said. “Let us be vigilant about efforts of POGO criminals to obtain Filipino citizenship by whatever means.” — John Victor D. Ordoñez

ShareTweetPin

Related Posts

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026
Top News

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026

June 11, 2026
FTSE 100 edges higher as investors balance financial recovery and AI risks
Top News

FTSE 100 edges higher as investors balance financial recovery and AI risks

June 11, 2026
SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares
Top News

SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares

June 11, 2026
Dow futures surge 370 points: 5 things to know before market opens
Top News

Dow futures surge 370 points: 5 things to know before market opens

June 11, 2026
Why Claude Mythos Preview is a wake-up call for Wall Street
Top News

Why Claude Mythos Preview is a wake-up call for Wall Street

June 11, 2026
SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63
Top News

SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63

June 11, 2026
Next Post
PBEd seeks oversight mechanism for state funds, cites learning crisis

PBEd seeks oversight mechanism for state funds, cites learning crisis

Recommended

PHL on final steps to exit ‘gray list’ by 2025

PHL on final steps to exit ‘gray list’ by 2025

October 27, 2024
EVs to make up less than 10% of total vehicle sales this year — CAMPI

EVs to make up less than 10% of total vehicle sales this year — CAMPI

August 26, 2024
PHL draws African and Asian powerhouses in FIVB Men’s Volleyball World Championship

PHL draws African and Asian powerhouses in FIVB Men’s Volleyball World Championship

September 15, 2024
Why you should always wash fruit and veg before eating them — and the best technique to use

Why you should always wash fruit and veg before eating them — and the best technique to use

August 21, 2024
Freeport Area of Bataan gears up to lead Asia’s blockchain industry

Freeport Area of Bataan gears up to lead Asia’s blockchain industry

October 3, 2024
5 Tips for Opening a Retail Space

5 Tips for Opening a Retail Space

October 2, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Dollar General CEO exposes bitter reality about today’s economy

    Dollar General CEO exposes bitter reality about today’s economy

    June 12, 2026
    Cathie Wood dumps $12.7M of tumbling, next-gen travel stock

    Cathie Wood dumps $12.7M of tumbling, next-gen travel stock

    June 12, 2026
    Goldman Sachs rethinks what’s next for cybersecurity stocks

    Goldman Sachs rethinks what’s next for cybersecurity stocks

    June 12, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved