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The Philippine National Police Anti-Kidnapping Group (PNP-AKG) has stated that the number of kidnapping cases involving Philippine Offshore Gaming Operators (POGOs).
Philippines court order preventing new 5% franchise tax could halt POGO exodus
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A temporary restraining order (TRO) issued by the Supreme Court of the Philippines preventing application of a 5% franchise tax on POGO operators could halt a growing exodus from the country, according to head of research at Colliers Philippines, Joey Bondoc.
The Supreme Court issued the TRO last week in response to opposition from Philippine Offshore Gaming Operators, who have been falling in numbers as a result of increased financial pressures from COVID-19 and the implementation of new taxes.
One of those taxes, signed into law by Philippines President Rodrigo Duterte last September, aimed to double government revenues from the POGO industry by subjecting all “offshore gaming licensees, including gaming operators, gaming agents, service providers and gaming support providers” to a 5% tax on turnover rather than revenue.
Quezon City ranks first in the list of the most popular real estate locations in Metro Manila, according to the latest trend report from Lamudi
Majority of seekers are interested to rent rather than buy, a similar trend also observed in Makati and Pasig. As cities that host business districts, this reflects the market’s move to find temporary living spaces near places of work amid the pandemic. In contrast, stronger purchase interest is seen in Metro Manila cities outside the CBDs, such as Manila.
In terms of real estate types, houses are the most popular among seekers looking at Quezon City listings. Horizontal developments represent 29.25 percent of the leads.