Posted inAT Finance, Philippines

Duterte takes a punt on banning the lottery

Philippine President Rodrigo Duterte has ordered the closure of thousands of gambling outlets, betting houses and lottery ticket dispensaries, a move aimed nominally at fighting corruption but one that could redound negatively on the broad economy. The order, made in a fiery speech on July 26, will reportedly affect 5,000 Philippine Charity Sweepstake Office (PCSO) […]