Privatization of gaming industry pushedhome/Business/Top Business/Privatization of gaming industry pushedA lawmaker has urged the government to consider the country’s gaming sector as an untapped “goldmine” that can generate up to P300 billion in tax revenues yearly, saying it must not “dilly-dally on the plan to privatize” the industry. At a recent hearing on the Department of Finance’s (DoF) 2020 budget, Senate Minority Leader Franklin Drilon urged Finance Secretary Carlos Dominguez to expedite that plan. Do not let go of the low-hanging fruit that can generate huge revenues,” the legislator added. By privatizing the industry, Drilon said loopholes and corruption could be prevented, citing corruption issues in the PCSO. “With this privatization, you will be able to check on many of the income leakages all over the place.

Source: Manila Times September 27, 2019 16:18 UTC