Philippines gaming regulator PAGCOR has rejected calls to abolish the Philippine Offshore Gaming Operators (POGO) industry, promising to nurture its growth instead. The agency issued an official statement on Tuesday evening in response to claims made during a Senate hearing on Monday that it had failed to take adequate action against delinquent POGOs. The hearing also saw PAGCOR...
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THE Philippines received one of the highest numbers of inquiries on outsourcing, according to the 2022 Outsourcing Performance Report of Outsource Accelerator (OA), a marketplace for the business process outsourcing (BPO) industry. The country ranked fifth with the most number of inbound inquiries, sharing 3.81 percent of the total inquiries last year, signaling the interest of global businesse...
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Some 446 information technology-business process management (IT-BPM) companies registered with the Philippine Economic Zone Authority (PEZA) have applied to shift their registration to the Board of Investments (BOI). PEZA said these firms made it to the December 16 deadline imposed to submit an application. They also represent 41 percent of the 1,088 IT-BPM registered busi...
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(Bloomberg) -- The Philippine economy likely expanded much faster than the government’s target of 6.5% to 7.5% last year and is forecast to grow by around 6.5% this year amid a strong manufacturing sector, stable banking system and record low unemployment, Finance Secretary Benjamin Diokno said. Diokno said an expected slowdown in the global economy could impact growth for 2023 but it&rsq...
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(This is the second of a two-part property market outlook by Colliers Philippines) MALL OPERATORS should brace for more foreign and local retailers as consumer confidence and foot traffic pick up this year. Major mall developers have been reporting that consumer traffic has now reached between 85%-95% of pre-COVID levels in the third quarter of 2022 from only 40% a year ago....
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What is an REIT? REITs are companies that own, manage and finance real estate properties. The main difference between REITs and other real estate investments is that REITs are highly liquid. A REIT can be bought and sold on the stock market and traded in the same way as mutual funds or individual stocks. You can simply log into your brokerage and choose the REIT you want to invest in. Afte...
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