Cornelio-Pronove listed all the factors that could potentially slow down the growth of the POGO industry. What’s telling is that a temporary restriction on new licenses didn’t rank top of the list. “The main factor of POGOs growth in the office market will always be grounded in the ‘office supply.’ POGO sector is expected to slow down next year because of the limited available supply in the Bay Area,” she said, referring to the area around Entertainment City.
The committee will not only be looking into these numbers but has concerns about unregistered POGO employees as well. The committee was authorized under Senate Resolution No. 67, which was filed near the end of last year, to investigate not only the industry’s failure to provide proper documentation for employees but also on the failure to remit the proper amount of taxes to the country’s Bureau of Internal Revenue (BIR).
Asia is home to some of the richest players and games in the world, but at the grassroots level, many aspiring players earn less than their counterparts in countries such as the US.
Opened last year on the fringes of the Makati business district, Manila’s Wall Street, the club became known as a place where men would spend big money on booze and women. The decadence ended on Sept. 30, when officers from the National Bureau of Investigation, or NBI, barged in and rescued 95 women — 91 of them Chinese — believed to be victims of sex trafficking. Seven Chinese men and seven local cohorts were arrested.