Manila’s financial district. Even before the new tax the Pogos were fleeing the Philippines because of Covid-19, which is partially to blame for the rise in the vacancy rates in Metro Manila. Photo: AFP Manila’s financial district. Even before the new tax the Pogos were fleeing the Philippines because of Covid-19, which is partially to blame for the rise in the vacancy rates in Metro Manila. Photo: AFP
Manila’s financial district. Even before the new tax the Pogos were fleeing the Philippines because of Covid-19, which is partially to blame for the rise in the vacancy rates in Metro Manila. Photo: AFP

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

  • New law may make the Philippines less attractive and lead to some Pogos leaving the country, Cushman executive says
  • Tax on Pogos may lead to slower recovery in the entire office sector: KMC Savills

Topic |   China-Philippines relations
Manila’s financial district. Even before the new tax the Pogos were fleeing the Philippines because of Covid-19, which is partially to blame for the rise in the vacancy rates in Metro Manila. Photo: AFP Manila’s financial district. Even before the new tax the Pogos were fleeing the Philippines because of Covid-19, which is partially to blame for the rise in the vacancy rates in Metro Manila. Photo: AFP
Manila’s financial district. Even before the new tax the Pogos were fleeing the Philippines because of Covid-19, which is partially to blame for the rise in the vacancy rates in Metro Manila. Photo: AFP
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