The Nation's Leading Newspaper
Albay 2nd district Rep. Joey Salceda has assailed the Department of Finance’s assertion that the kidnapping incidents allegedly linked to Philippine Offshore Gaming Operators could have an adverse effect on foreign direct investments flowing into the country.According to Salceda, making a correlation between the reported kidnappings and FDI was “a facile approach” to the ongoing POGO issue.
“With respect to the crimes… the supposed crimes attributed to POGO, there are enough laws,” Salceda, the House Committee on Ways and Means chairman, said. “Will I close all the PEZA because there’s a lot of smuggling happening there? No!” underscored the veteran legislator. “With respect to the direct correlation… between kidnapping of one to 100,000 vis-a-vis FDI,” said Salceda, “I think that should be reviewed.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PH needs holistic approach to develop air, sea logistics industry—law firmThe administration of President Ferdinand Marcos Jr. should adopt a “whole nation approach” to prepare the Philippines’ air and sea freight industry as the country expects business to flourish for aviation and engineering. READ:
Read more »
US to release oil reserves as Biden tackles high gas pricesUS President Joe Biden announced a plan on Wednesday to sell off 15 million barrels of crude oil from the nation&39;s emergency supply and begin refilling the reserve as he tries to dampen high gasoline prices ahead of midterm elections on Nov. 8.
Read more »
Amend Renewable Energy Law to allow more foreign investments--SalcedaThe Renewable Energy Law or Republic Act (RA) 9153 should be primed for amendments by the Department of Energy (DOE) to allow full foreign equity in solar, wind, hydro, and other forms of renewable energy, Albay 2nd district Rep. Joey Salceda said.
Read more »
Pinoy POGO workers won't get same big payday from local employers, DOLE admitsAn official of the Department of Labor and Employment (DOLE) told congressmen that Filipino workers at Philippine Offshore Gaming Operators (POGOs) won't get the same compensation if they're left to 'regular local employers'.
Read more »
Gatchalian to DOLE: POGO workers facing possible displacement can work in BPO industrySenator Sherwin Gatchalian on Wednesday, October 19 urged the Department of Labor and Employment (DOLE) to expedite its program that would assist Filipino workers who could potentially be displaced by the possible closure of the POGOs.
Read more »