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  1. Join Date
    Feb 2019
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    #3181
    Even sm moa dept store is now into live selling....

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  2. Join Date
    Nov 2005
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    34,875
    #3182
    Quote Originally Posted by boybi View Post
    Parang gusto ko tuloy lumuwas para mag mall hehe.
    haha

    hey malls!

    your stimulus is coming!

  3. Join Date
    Nov 2005
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    34,875
    #3183

  4. Join Date
    Oct 2002
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    34,080
    #3184




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    Feb 2019
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    #3185
    The Manila Times – News | Opinion | Philippines | Asia | World

    Legit or fake news but this is an article in manila times....

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  6. Join Date
    Sep 2003
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    21,876
    #3186
    Quote Originally Posted by Deestone View Post
    The Manila Times – News | Opinion | Philippines | Asia | World

    Legit or fake news but this is an article in manila times....

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    Manila Times is a pro-duterte newspaper, owned by GMA's crony Dante Ang...

    At the rate Presidential Alalay is being "advertised" at Manila Times...

    Last edited by Monseratto; September 24th, 2020 at 06:17 PM.

  7. Join Date
    Sep 2003
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    21,876
    #3187
    Pogo exodus seen to empty more than a tenth of Metro Manila offices, condo units | Inquirer Business

    “Last night, I got a call from one of the owners of a building in Makati, who’s saying that his Pogo and service provider-clients have started cancelling their lease contracts for lack of business,” Finance Secretary Carlos G. Dominguez III told senators on Wednesday (Sept. 23).

    Dominguez said China was clamping down on money transfers, while Pogos in the Philippines were lacking in operators as the Chinese government was also cancelling the passports of workers from the mainland.

    The Bureau of Internal Revenue (BIR) earlier told the Inquirer that “plenty” of Pogo workers—mostly Chinese—were returning home as they were afraid of the high number of COVID-19 infections in the Philippines.

    But for Dominguez, “the issue is not so much on Pogo revenues but more on the impact to real estate values and businesses.”

    Joey Bondoc, senior manager of property advisory firm Colliers Research, told the Inquirer on Wednesday that “in case all Pogos leave, we will see a double-digit office vacancy in Metro Manila.”

    “As of the second quarter of 2020, Pogos covered an estimated 11 percent of total leasable office space in Metro Manila, or about 1.34 million square meters,” Bondoc said. “In the second quarter, office vacancy in Metro Manila stood at 5 percent. Hence, if all Pogos leave, we will see a 16-percent office vacancy—leased space by Pogos plus vacancy as of the second quarter,” he said.

    Bondoc said the last time that Metro Manila suffered double-digit vacancy in office space was when the Asian financial crisis left 12 percent of offices vacant in 1999 while their lease rates dropped by 16 percent.

    Not only office space but also residential units—especially in condominiums where the Chinese workers used to live—will take a hit

    “Slower office take up from Pogos is also resulting in slower condominium sales and leasing,” Bondoc said.

    “Colliers sees a rise in vacancy among completed or ready-for-occupancy (RFO) condominium units in Metro Manila, especially those that mainly cater to Pogo firms and investors,” Bondoc said.

    “We see vacancy rising to 14-15 percent by end-2020 from 11.8 percent in the second quarter of 2020,” he said.
    Last edited by Monseratto; September 24th, 2020 at 06:18 PM.

  8. Join Date
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    #3188

  9. Join Date
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    #3189
    Quote Originally Posted by uls View Post
    asset price deflation
    Yeah. Gotta weather this.

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  10. Join Date
    Mar 2006
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    13,024
    #3190
    bsp's new policy offers respite to pandemic affected credit card holders

    BSP to impose 24% credit card rate cap starting Nov. 3 | Inquirer Business

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Philippine Economy Talk