While it lasts and prepare when they go,” he said. Will not stay for long because of China’s policy against gambling. However, Salceda said it is likely that Pogos So they have high return, high risks,” he explained. “What is the risk? Are you willing to take it 11 million square meters of condominiums are suddenly empty? SuddenlyĮmpty and you did not prepare for it” Now, they acquire condos more than BPOs. Said letting Pogo operate in the country is “high risk, high return for the While they have yet to assess the risks, Salceda Would deal the property sector a big blow, he said. So more or less, 1 million square meters of residential office space,” Months advance.” If the following year finds no one to take these up-“it hasĤ40,000 workers so presumably, that’s 10 each divided by two times 10 square Risk of an immediate stop to Pogo operations, said Salceda, is the “glutĮspecially in office and residential condominiums paid 12 Include a possible glut in residential office space if their operations are Them properly because this will definitely pose a systemic risk, which may Need to determine the correct strategy in dealing with Pogos besides taxing
In a Palace press briefing, Salceda said they Joey Salceda said on Wednesday they are weighing the risks that may come with either allowing or banning Philippine Offshore Gaming Operators (Pogos) in the country. HOUSE Ways and Means Committee Chairman and Albay Rep.
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