Thursday, June 1, 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
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • 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
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Opinion Editorial

Pogos: New growth driver

by
July 12, 2019, 12:00 am
in Editorial
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Philippine offshore gaming operations, or Pogos, are reshaping the economy, just as the business process outsourcing sector sprang some 20 years ago to become a major source of employment and dollar earner.

The Pogos, according to a property consultant, are now set to become the largest consumer of office spaces in Metro Manila before the end of 2019, overtaking the BPOs. They will also soon become a major revenue source of the government. The state plans to collect at least P24 billion in taxes annually from the foreign workers employed in the offshore gaming operations in the Philippines.

Philippine offshore gaming operations, Pogos

The government plans to collect the taxes starting this month. The initial estimate of P24 billion a year could balloon as data from government agencies showed that about 138,000 foreign workers were now employed in the Pogos.

The revenues to be collected from the Pogo industry were non-existent some four or five years ago, before state-run Philippine Amusement and Gaming Corp. took over control of its operations on orders of President Rodrigo Duterte. The employment data on the Pogos are also revealing. The Bureau of Immigration’s estimate of at least 138,000 workers are boosting consumption in the economy. They are driving the sales of restaurants, malls and bars in Metro Manila and other major urban centers in the Philippines.

The demand for office spaces to meet the requirement of Pogos and the accommodation of foreign workers, meanwhile, is lifting the property sector. Online gaming has been the fastest growing segment in the Philippine office market over the past four years, taking up substantial space in the reclaimed Manila Bay area, Makati and Alabang. The industry has also penetrated Clark, Cavite and Laguna.

The construction sector and major property companies are benefiting from the strong demand for office space from the Pogo sector, which,in turn, is raising the leasing rates of residential condominiums and reservation sales in residential towers.

The economy in general is receiving a boost from Pogos. They are set to increase the government coffers as well, by way of increased income tax collections. The government and private sector, thus, should adapt to the demands of the new growth driver and impose reasonable control over the operations of Pogos.

Tags: EditorialPhilippine economyPhilippine Offshore Gaming OperationsPOGOstax collections
ADVERTISEMENT

Related Posts

Bogus drug arrests and seizures

byManila Standard
June 1, 2023, 12:10 am
0
8
Bogus drug arrests and seizures

The National Police Commission has spoken. And what it says exposes a fundamental flaw in the Duterte administration’s implementation of...

Read more

The trilateral maritime exercise

byManila Standard
May 31, 2023, 12:15 am
0
8
The trilateral maritime exercise

Interest is building up this week as the Philippine Coast Guard will conduct its week-long first trilateral maritime exercise with...

Read more

Alleged police complicity in focus

byManila Standard
May 30, 2023, 12:15 am
0
8
Alleged police complicity in focus

We join others in rallying behind inquiries by the House and the Senate into alleged complicity of police officers in...

Read more

High public trust in the police

byManila Standard
May 29, 2023, 12:15 am
0
8
High public trust in the police

You would think that given seemingly endless news reports of the involvement of certain police personnel in shady activities, including...

Read more

Education key to road safety, courtesy

byManila Standard
May 27, 2023, 12:20 am
0
8
Education key to road safety, courtesy

The Metro Manila Development Authority (MMDA) has always been very aggressive in apprehending road violations, including illegal parking. It has...

Read more

Fair and equitable pension system

byManila Standard
May 26, 2023, 12:25 am
0
8
Fair and equitable pension system

Think about this: If, according to National Treasurer Rosalia de Leon, the unfunded liabilities of the Military and Uniformed Personnel...

Read more

Print Edition

View More

Recent Posts

  • ‘Unfortunate China declined talks’
  • Lack of water kills
  • 2 children killed in strike on Kyiv
  • Ex-Liberia warlord faces appeal ruling
  • N. Korea to put spy satelliteinto orbit soon—Kim’s sister
  • Repower, Austrian firm signs deal to develop seawater pumped storage projects in PH
  • Gov’t vows to address shortage of skilled workers
  • Money from illicit trade supports organized crime—BIR chief

Advertisement

Latest News

Repower, Austrian firm signs deal to develop seawater pumped storage projects in PH

byAlena Mae S. Flores
June 1, 2023, 7:05 pm
0
8
Banaag assumes post as Bright Kindle director

Repower Energy Development Corp, a subsidiary of Pure Energy Holdings Corp. said Thursday it signed a memorandum of agreement with...

Read more

Gov’t vows to address shortage of skilled workers

byJulito G. Rada
June 1, 2023, 7:00 pm
0
8
Anti-trust body warns of penalties

The government is taking steps to address concerns in the labor and industry sectors, as outlined in the Philippine Development...

Read more

Money from illicit trade supports organized crime—BIR chief

byManila Standard
June 1, 2023, 6:55 pm
0
8
Tax evasion charges filed vs. four ‘ghost’ companies

A top official of the Bureau of Internal Revenue asked consumers to stop patronizing smuggled goods, saying money from these...

Read more

Eton to expand footprint in Central Visayas

byJenniffer B. Austria
June 1, 2023, 6:50 pm
0
8
Lucio Tan appoints daughter Eton COO

Eton Properties Philippines Inc., the property unit of beer and tobacco tycoon Lucio Tan, is looking expand its footprint in...

Read more

CENECO, Primelectric eye joint venture

byAlena Mae S. Flores
June 1, 2023, 6:45 pm
0
8
Banaag assumes post as Bright Kindle director

Central Negros Electric Cooperative and Primelectric Holdings Inc., an affiliate of MORE Power Iloilo, plan to form a joint venture...

Read more

Advertisement

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
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • 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