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Manila’s new tax on gaming operators could drive office vacancy rates to near two-decade high

A new tax on local and foreign online gaming operators and their employees in the Philippines is likely to drive away Chinese gaming operators and could push overall office vacancy rates to almost a two-decade high.These firms, which are collectively known as Philippine offshore gaming operators (Pogos), currently occupy an estimated 316,000 square metres of office space in Manila and the surrounding cities, together known as Metro Manila, according to KMC Savills. As of the end of 2019, these…

Read the original article at South China Morning Post

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