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Cerberus and Hyundai Subic partnership
We are extremely pleased with the announcement by Cerberus Capital Management that they have finalized a lease agreement for HD Hyundai – the global leader in shipbuilding and offshore engineering – to lease a portion of the Agila Subic facility in Subic Bay......»»
Cerberus, HD Hyundai to kickstart Subic operations in 12-18 months
South Korean shipbuilder HD Hyundai is expected to start manufacturing operations in Subic Bay within the next 12 to 18 months, with an initial focus on offshore wind platforms......»»
NCRPO monitoring POGO activities
The National Capital Region Police Office (NCRPO) has affirmed that it is actively monitoring the activities of Philippine offshore gaming operators (POGOs) in Metro Manila......»»
‘After narco politics comes POGO-politics?’
Sen. Sherwin Gatchalian yesterday warned against the possible emergence of “POGO-politics” following the recent raid on a Philippine offshore gaming operator in Bamban, Tarlac......»»
DFA to tighten tourist visa rules for Chinese nationals
The Department of Foreign Affairs (DFA) plans to make tourist visa rules stricter for Chinese nationals to prevent exploitation by syndicates involved in illegal Philippine offshore gaming operators (Pogos). Foreign Undersecretary Jesus Domingo announced this at a news briefing on Thursday, stating that the new requirements will be enforced starting this week. These include requiring.....»»
1st LD Writethru: 6.0-magnitude quake hits central Philippines
MANILA, May 3 (Xinhua) -- An offshore earthquake with a preliminary magnitude of 6.0 rocked Leyte province in the central Philippines on Friday, the Philippine Institute of Volcanology and Seismology said. The institute said the quake, which occurred at 6:16 p.m. local time (1016 GMT), hit at a depth of 8 km, about 32 km southeast of Dulag, a coastal town. The institute said the tectonic quake will trigge.....»»
Foreign debt reaches all-time high in 2023
The country’s foreign debt reached another record high in 2023, as both the national government and the private sector borrowed more from offshore creditors, the central bank said......»»
Tarlac POGO hub raid: Raps filed vs 8 Chinese
Criminal complaints were filed yesterday against eight Chinese who were arrested during a raid at a Philippine offshore gaming operator (POGO) hub in Bamban, Tarlac on Wednesday......»»
Ena Mori nilabas ang ‘Heartache Generation’, first single sa taong 2024
NGAYONG kasisimula lang ng taong 2024, nag-release ng bagong single ang Filipino-Japanese artist na si Ena Mori. Pinamagatan itong “Heartache Generation” via Offshore Music and Sony Music Entertainment. Ayon sa singer, ang bagong kanta ay tungkol sa “existential crisis” na nararamdaman niya sa tuwing papalapit na ang kanyang kaarawan. “Heartache Generation is written by me,.....»»
402 POGO hubs have expired licenses’
At least 402 Philippine offshore gaming operator hubs in the country have expired licenses, according to the Philippine Anti-Organized Crime Commission......»»
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......»»
Metrobank raises record $1 billion from international bond market
Metropolitan Bank & Trust Co. has raised $1 billion as investors gobbled up its dual tranche offering of five and 10-year dollar-denominated notes as part of its return to the offshore debt market......»»
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......»»
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......»»
Foreign borrowings rise to $14.5 billion in 2023
Foreign borrowings approved by the Bangko Sentral ng Pilipinas jumped by more than 40 percent in 2023 after declining for two straight years, as the national government borrowed more from offshore creditors primarily to bankroll key infrastructure projects......»»
PAGCOR keen on issuing more international gaming licenses
The Philippine Amusement and Gaming Corp. is open to keeping the Philippine Offshore Gaming Operators sector alive, with its top official saying that it provides employment to close to 70,000 Filipinos......»»
RCBC raises $400 million from oversubscribed sustainability notes
Rizal Commercial Banking Corp. (RCBC) has raised $400 million from its return to the offshore debt market as investors swarmed its sustainability note issuance......»»