President Ferdinand "Bongbong" Marcos Jr. has given the Department of Energy (DOE) the greenlight for its plan to explore and develop the country's offshore wind (OSW) potential as a source of clean and sustainable energy. (Photo courtesy of the Office of the President) Marcos ordered DOE Secretary...
Bureaucratic and legislative kinks must be ironed out first before the incoming Marcos administration can allow the 100 percent foreign ownership of power generation ventures in the country. President-elect Bongbong Marcos (Noel Pabalate/ MANILA BULLETIN) President-elect Bongbong Marcos's...
The Fiscal Incentives Review Board (FIRB) is planning to set uniform charges on registered Philippine Offshore Gaming Operations (POGO) with the investment promotion agencies (IPAs). Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said on Thursday, April 21, that they will look...
Presidential candidate Bongbong Marcos has underscored anew the Philippines' potential to become a major player in the wind power sector. Bangui windmills in Ilocos Norte (Photo from Wikimedia Commons) "We have the potential to be a major wind power producer in the world. Our unique topography is...
The Bureau of Internal Revenue (BIR) recorded a decline in tax collection from Philippine Offshore Gaming Operations (POGO) last year following their exodus at the height of the pandemic. BIR Commissioner Caesar R. Dulay reported to the Department of Finance (DOF) that the bureau collected P3.91...
After shuttering several licensed Philippine Offshore Gaming Operations (POGO) in Cagayan, the Bureau of Internal Revenue (BIR) warned non-compliant online gaming licensees and their service providers to register and pay taxes or face closure. BIR PHOTO In a statement Wednesday, Feb. 23, the bureau...
The newly enacted Philippine Offshore Gaming Operations (POGO) taxation law has generated P1.22 billion in additional revenue during its initial months of implementation, the Bureau of Internal Revenue (BIR) reported. Signed by President Rodrigo Duterte in September 2021, Republic Act (RA) 11590 or...
The Department of Finance (DOF) said that China’s heightened crackdown on online gambling is the one forcing Philippine offshore gaming operations (POGO) to close shop, and not the government’s new tax measures. Finance Secretary Carlos G. Dominguez III said the exodus of Chinese-run online...
The Philippines and United Kingdom (UK) look to strengthen their defense cooperation to ensure peace and security in the Indo-Pacific region, the Department of National Defense (DND) disclosed Monday, Oct. 11. Defense Secretary Delfin Lorenzana (Photo courtesy of Department of National Defense)...
Department of Transportation (DOTr) Secretary Arthur P. Tugade said on Tuesday, Oct. 5, that he has always been transparent about his financial standing amid reports on his alleged unlisted offshore company. Transportation Secretary Arthur Tugade (Ali Vicoy / File Photo / MANILA BULLETIN) In a...
NEW YORK, United States -- More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars, according to a far-reaching new investigation by the ICIJ media consortium. A...
State-run Philippine Amusement and Gaming Corp. (Pagcor) said its uncollected receivables from Philippine offshore gaming operation (POGO) was a result of intensive fight against illegal online gambling. Philippine Offshore Gaming Operation In a statement, the government’s gaming regulator said...
