Finance chief urges Congress to ban Pogos

Finance Secretary Carlos G. Dominguez III urged legislators to pass a law prohibiting Philippine offshore gaming operators (Pogos) if they want the industry out of the country.

Dominguez stated that the reported $350 to $380 million in questionable money is a small fraction of the total foreign exchange entering the Philippines and is not inherently illegal.

He emphasized that the Executive branch's role is to implement laws, not to define what is legal or illegal.

Dominguez explained that foreign currency can be legally brought into the Philippines as long as it is declared.

He asserted that Pogos operate in the country because it is currently not illegal and reiterated that a law is needed to make their operations illegal.

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