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What impact could a potential POGO ban have on the REITs?

I got this question in response to news that the House of Representatives approved two measures that seek to ban POGOs in the Philippines. POGOs, or Philippine Offshore Gaming Operators, are licensed and monitored by the Philippine Amusement and Gaming Corp., and have been controversial since their presence exploded during Rodrigo Duterte’s term as president......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

House panel OKs tax breaks for companies hiring senior citizens

Under the bill, companies hiring elderly workers can avail of a 25% tax reduction of the amount paid to salaries, wages and benefits and trainings for senior citizens. .....»»

Category: newsSource:  philstarRelated NewsMar 19th, 2024

[Vantage Point] POGOs, the quintessential milking cow

The rapid expansion of POGOs in the country comes at a price. It has put a strain on local infrastructure, including transportation, utilities, and housing......»»

Category: newsSource:  rapplerRelated NewsMar 23rd, 2024

SC junks petition challenging legality of POGOs

The Supreme Court has junked a petition challenging the legality of the rules on Philippine offshore gaming operators or POGOs for violating the doctrine of hierarchy of courts and failing to meet the requirements for judicial review......»»

Category: newsSource:  philstarRelated NewsMar 6th, 2024

House panel Oks proposed POGO ban

Efforts to ban Philippine offshore gaming operators in the country have gained ground at the House of Representatives after a committee yesterday approved two measures on this......»»

Category: newsSource:  philstarRelated NewsFeb 12th, 2024

House arrest warrant vs Quiboloy moot – lawyer

Pastor Apollo Quiboloy’s lawyer says the arrest warrant issued by a House of Representatives panel is moot as the panel’s hearings are already adjourned......»»

Category: newsSource:  philstarRelated NewsMar 26th, 2024

House panel cites Quiboloy in contempt for snubbing SMNI franchise hearings

The House legislative franchises committee cited embattled preacher Apollo Quiboloy in contempt after he again refused to attend the panel’s hearing into the alleged franchise violations by the television network connected to his church......»»

Category: newsSource:  philstarRelated NewsMar 12th, 2024

Tax Notes: BIR clarifies tax treatment of interest on borrowings

Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»

Category: newsSource:  sunstarRelated NewsFeb 25th, 2024

Tax Notes: Online sellers subject to 1% expanded withholding tax

Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»

Category: newsSource:  sunstarRelated NewsJan 13th, 2024

House OKs bill revoking franchise of SMNI on final reading

The House Bill which seek to revoke the franchise of Sonshine Media Network International has received 284 yes notes from the members of the House of Representatives......»»

Category: newsSource:  philstarRelated NewsMar 21st, 2024

Mandaue council oks new traffic scheme

Mandaue council oks new traffic scheme.....»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

Tax revenues jump to P3.4 trillion

The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

‘No tax breaks for eco-zone work-from-home firms’

Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»

Category: newsSource:  philstarRelated NewsJan 23rd, 2024

New finance chief eyes carbon tax

Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Top Philippines PR agency head to join panel of judges in Stevie Awards

Top Philippines PR agency head to join panel of judges in Stevie Awards.....»»

Category: newsSource:  sunstarRelated NewsApr 12th, 2024

Russia blocks renewal of UN panel monitoring North Korea sanction compliance

At the United Nations, a recent vote on renewing a panel of experts monitoring North Korea’s compliance with international sanctions has caused tension among member.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 29th, 2024

Senate panel cites Quiboloy in contempt

Senate panel cites Quiboloy in contempt.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

Boeings safety culture falls short despite companys efforts to fix it, experts say

A recent report by a panel of outside experts has highlighted concerns about safety culture at aircraft manufacturer Boeing. The panel found a “disconnect” between.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 27th, 2024

Senate panel summons Quiboloy after probe snub

Sen. Risa Hontiveros, the chairperson of the Senate Committee on Women, Children, Family Relations and Gender Equality, said that the panel sent two invitations to Apollo Quiboloy for a probe in the alleged abuses committed by him and KOJC, but was snubbed. .....»»

Category: newsSource:  philstarRelated NewsJan 23rd, 2024

Senate panel ready to review NGCP franchise

Following the massive power outage that struck Panay Island and other parts of Western Visayas on Jan. 2, another Senate panel is ready to conduct a probe into the National Grid Corp. of the Philippines franchise......»»

Category: newsSource:  philstarRelated NewsJan 10th, 2024