Tag: #POGO
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Worst is over for PH property market – expert
The worst is over for the Philippine property market due to various favorable factors, although the projected office space take-up remained low at 380,000 square meters only or 70 percent lower than the 1.9 million sqm recorded in 2019, according to the country’s leading property and management consultancy firm.
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DOF halts franchise tax on POGOs to comply with SC ruling
The Department of Finance (DOF) said it will comply the Supreme Court’s order barring the imposition of franchise tax on all bets generated by Philippine offshore gaming operations (POGOs)
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JLL Philippines assessment: Luxury residential safe from downturn
High vacancy and falling rents hound office, retail and residential property segments, but the luxury residential remained undaunted by the overall economic slowdown caused by the global pandemic.
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Pagcor expects lower online gaming income
State-run Philippine Amusement and Gaming Corp. (Pagcor) expects its online gaming revenues will drop by almost half as income of Philippine offshore gaming operators (POGO) and their service providers plummeted amid the pandemic.
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POGO exodus hurts tax revenues — DOF
The exodus of Philippine offshore gaming operations (POGOs) to affect government tax revenues from the real-estate sector and other businesses, the Department of Finance (DOF) said yesterday.