Economic managers welcome POGO ban

Philippine economic managers, including Trade Secretary Alfredo Pascual, have welcomed President Ferdinand Marcos Jr.'s pronouncement to ban Philippine Offshore Gaming Operations (POGOs).

Pascual believes the ban will improve the country's investment and tourism landscape by removing the negative impression and violence associated with POGOs.

Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go is confident that the ban will not negatively impact current investment prospects, as many pursued foreign direct investments are unrelated to POGOs.

Go also believes the ban demonstrates the seriousness of the Marcos administration in its economic agenda, potentially attracting more investments.

Camarines Sur 2nd district Rep. LRay Villafuerte, president of the National Unity Party (NUP), echoed these sentiments, stating that the ban will lead to more foreign investments and significantly improve the country's image to investors.

Villafuerte described the President's decisive move to ban POGOs as "good news" and a correct decision.

Earlier raids on POGO areas have revealed links to criminal activities such as kidnapping, torture, and prostitution.