Philippine Economy Talk

[baludoy]

golden goose egg gone spoilt

Once touted as manna from heaven, at least by office and residential space landlords, the controversial Philippine Offshore Gaming Operators (POGOs) industry is now contracting. Many of these POGOs and their service providers are now leaving the Philippines.

Almost 300,000 square meters or 17 percent of total office space will be vacant by year-end, said property analyst David Leechiu, president and CEO of Leechiu Property Consultants during the relaunch of Property Report PH last week.

POGOs are packing up - Property Report

[StockEngine]

golden goose egg gone spoilt



POGOs are packing up - Property Report

hopefully mawala na ang wuhan virus sa bansa.

[dr. d]

hopefully mawala na ang wuhan virus sa bansa.

too late.
they already opened pandora's box earlier.
heh heh heh.
joke?

[baludoy]

^ the irony here is that the chinese pogo mainland workers are mainly credited for bringing the virus here (but not according to the gov't) and now they're scared shiteless of filipinos infecting them.

[StockEngine]

too late.
they already opened pandora's box earlier.
heh heh heh.
joke?

maybe it is ... a small cleaning might or might not help..

[dr. d]

maybe it is ... a small cleaning might or might not help..

every little bit helps.

ang napuna ko lang,
condo prices and rent prices went up, when the pogoes arrived.
that is, if the media are to be believed.

[ninjababez]

golden goose egg gone spoilt



POGOs are packing up - Property Report

buti nabenta ni papa yung mga paupahan nung peak na. nabigla sya sa offer, parang 5x yata nung value. kawawa yun nag invest, pero maganda kaya ito mag normalized na ang rental rates for pinoys?

[StockEngine]

every little bit helps.

ang napuna ko lang,
condo prices and rent prices went up, when the pogoes arrived.
that is, if the media are to be believed.

some media are "sponsored" , anything's possible with these real estate giants.

[dr. d]

buti nabenta ni papa yung mga paupahan nung peak na. nabigla sya sa offer, parang 5x yata nung value. kawawa yun nag invest, pero maganda kaya ito mag normalized na ang rental rates for pinoys?

i have always suspected these mainlanders who come here as if an invading army.
they are well-financed..
they were probably up to no good (for us).
suspect.. suspect...

[uls]

every little bit helps.

ang napuna ko lang,
condo prices and rent prices went up, when the pogoes arrived.
that is, if the media are to be believed.

bakit media?

local renters/buyers experienced first hand that they can't afford to rent/purchase coz foreigners have bid up prices

no need for media to tell us that happened

[uls]

kung ikaw may paupahan and some foreign entity can pay twice the amount locals pay kanino mo ibibigay?

[dr. d]

bakit media?

local renters/buyers experienced first hand that they can't afford to rent/purchase coz foreigners have bid up prices

no need for media to tell us that happened

where else can i read about it?

no local renter or buyer has approached me to narrate to me their situation.

[baludoy]

i have always suspected these mainlanders who come here as if an invading army.
they are well-financed..
they were probably up to no good (for us).
suspect.. suspect...

speaking of which:

Gordon, who had previously warned that Chinese-owned Philippine offshore gaming operators could just be fronting for China’s intelligence agencies to snoop in the country, said the number of Chinese retirees posed a “national security concern” since 35 is considered “soldier’s age.”

“Their number is equal to 27 (Army) regiments. That’s dangerous. Why would they retire here at 35?” Gordon said at the hearing.

Read more: Retirement visas on hold over security concerns | Inquirer News

[uls]

what secret weapons do we have that China needs to send 100s of thousands of soldiers disguised as POGO workers to spy on us

[uls]

baka meron tayo stealth fighters and hypersonic missiles

baka meron tayo tactical nukes

grabe nakaka flatter naman that china sees PH as a threat that they need to send so many spies to check on us

tsaka ang spying diba gamit satellites

and you only a few spies ala jason bourne

you don't send a whole freaking army in civilian clothes

[boybi]

These chinamen came here because they know our government is lax in implementing the law. They know when they bring in money, the government will look the other way. These chinamen saw a business opportunity here so they came for it. They know the locals will tolerate them when they pay the locals enough.

[uls]

^^^

yes

it's not a china-gov't sponsored invasion like some folks here like to portray

-


like many pinoys started going to saudi arabia decades ago

ngayon 1 million pinoys nasa saudi

sinabi sana na mga saudi ini-invade ng pinas ang bansa nila

[gongrhey]

Dun sa condo namin near NAIA madami pa rin umuupa na pogo workers. Last na usap ko sa project admin di sila affected. Personally okay naman sila kasi as pointed out walang pinagkaiba sa mga OFWs abroad naghahanap buhay lang sila. Ako mismo kasama iba pang pinoy nagwork sa isang project sa Shanghai and in the province near Shanghai. Accomodation namin is tig iisang flat hiwa-hiwalay nakahalo sa mga locals. Never kami nagka-problema dun. So I dont mind them also sa Pinas as long na walang ginagawang masama.

[uls]

^^

ah hinde... mga chinaman dito puro espiya... puro edad sundalo... tsaka lahat may covid...

haha

[kisshmet]

^^^

yes

it's not a china-gov't sponsored invasion like some folks here like to portray

-


like many pinoys started going to saudi arabia decades ago

ngayon 1 million pinoys nasa saudi

sinabi sana na mga saudi ini-invade ng pinas ang bansa nila

Saudi needed workers who are willing to do menial jobs for their household, skilled jobs for their infrastructure and their oil industry

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