Copenhagen Infrastructure New Markets Fund (CINMF), an affiliate of Danish fund manager Copenhagen Infrastructure Partners (CIP), will be investing $5 billion to for the commercial development of three greenfield offshore wind farm projects that could bring in 2,000 megawatts of additional power...
An estimated P1.031 trillion worth of foreign investments in renewable projects are expected to pour into the Philippines, Trade and Industry Secretary Alfredo E. Pascual announced. In a statement, Pascual said that the biggest of these projects is the P360-billion (€6 billion) offshore wind...
The Philippine Amusement and Gaming Corp. (Pagcor) said the contract of the third-party auditor for Philippine offshore gaming operations (POGO) has been under review since September last year. In a statement, Pagcor said that its contract with Global ComRCI, the third-party auditor for offshore...
ZURICH, Switzerland — President Ferdinand "Bongbong" Marcos Jr. said the government should find out if keeping Philippine offshore gaming operations (POGOs) will be beneficial to the country as banning them outright would need to have the right reason. President Ferdinand 'Bongbong' Marcos Jr. In...
The decision of the Supreme Court to void the 2005 Tripartite Agreement for Joint Marine Seismic Undertaking (JMSU) among China National Offshore Oil Corporation (CNOOC), Vietnam Oil and Gas Corporation (PETROVIETNAM), and the Philippine National Oil Company (PNOC) is a welcome development. The...
The Philippine Amusement and Gaming Corporation (PAGCOR) on Wednesday, November 23 submitted to the Senate a copy of its road map which they plan to adopt to grow the Philippine Offshore Gaming Operations (POGOs) industry. This roadmap, according to the state gaming regulatory agency, will help...
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...
