Latest News for: Offshore vacancy

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OPINION: Temporary visas the most problematic for Cook Islands

Cook Islands News 10 May 2022
are sought after by offshore and local non-Cook Islands people and are likely to be the most problematic of all visas once the law is applied ... If an employer genuinely has to look offshore to fill a vacancy because of an absence of local applicants, he or she is probably facing a serious staffing problem.
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ALI optimistic on recovery of businesses

The Manila Times 27 Apr 2022
For its office segment, Dy said they have not seen any huge contraction or departure of their major tenants for both the business process outsourcing companies and traditional corporates and that the vacancies they have recorded were primarily from POGO (Philippine Offshore Gaming Operator) locators.
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Live and work abroad: Emigration Expo heads to Cape Town

Independent online (SA) 21 Apr 2022
With countries around the globe opening their borders and processing visas again after two years of uncertainty, companies offering emigration opportunities for South Africans have seen a huge surge in interest ... fast-track visa assistance, international job vacancies, exclusive offshore investment opportunities, moving logistics services and more. .
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FIRB denies PEZA request to lift NCR ecozone moratorium

Manila Bulletin 08 Mar 2022
... ecozones in Metro Manila has not only affected local government units in Metro Manila that do not yet host ecozones, but also worsened the vacancy rate of office spaces in Metro Manila considering the exit of Philippine Offshore Gaming Operators and the shift to WFH arrangements.
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The Emigration Expo heads to Sandton: All your emigration questions answered under one roof

Independent online (SA) 18 Feb 2022
It’s the ideal place to meet emigration experts and specialists to help make your move a reality ... Industry leaders will be on hand to provide a variety of relevant services, including Fast-Track Visa Assistance, International Job Vacancies, Exclusive Offshore Investment Opportunities, Moving Logistics Services, and more at the Emigration Expo ... .
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Colliers sees Metro Manila office vacancy rate increasing to 18.9%

Manila Standard 09 Feb 2022
Colliers Philippines said in a property briefing office vacancy would likely peak this year before recovering in 2023 ... It said that assuming 100,000 square meters of office space would be leased to Philippine Offshore Gaming Operators this year, office vacancy would be at 18.2 percent, instead of the estimated 18.9 percent.
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Metro Manila office vacancy matches level during ‘09 global financial crisis

Manila Standard Today 27 Oct 2021
Some major markets are even demonstrating over 25 percent vacancies already as offshore gaming companies continued to return large amounts of office spaces ... Data showed that the unoccupied spaces in developments completed within the first quarter to third quarter this year in Metro Manila accounted for 22 percent of the total vacancies.
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IT-BPM lead office space demand

The Manila Times 21 Oct 2021
Vacancy rate in Metro Manila is presently at 17 percent ... Ortigas, Quezon City and the Bay Area, meanwhile, continued to see an increase in vacancy as it remained impacted by the exit of Philippine Offshore Gaming Operators (POGOs).
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Manila’s new tax on gaming operators could drive office vacancy rates to near two-decade high

South China Morning Post 12 Oct 2021
A new tax on local and foreign online gaming operators and their employees in the Philippines is ...
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Career plans launched for marine and offshore engineering

Straits Times 05 Oct 2021
Two Career Development Plans were launched yesterday to attract local talent to the marine and offshore engineering industry ... They are critical in almost every aspect of marine and offshore projects." ... The Career Development Plans will be adopted by four firms for a start - Dyna-Mac Engineering, Keppel Offshore & Marine, PaxOcean and Sembcorp Marine.
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FLI banking on BPO sector’s resiliency

The Philippine Star 10 Jun 2021
Filinvest Land Inc. is banking on the resiliency of the business process outsourcing sector, which is filling up the vacancies left by Philippine offshore gaming operators or POGOs ... .
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Rentals fall as office, mall, condo vacancy rates grow

Manila Standard Today 30 Apr 2021
JLL head of research and consultancy Janlo de los Reyes said office vacancy also hit 14.7 percent in the first quarter, with largest move-outs from Philippine offshore gaming operators and outsourcing and offshoring companies ... The surge in vacancies is seen to sustain the downward trend in rents.
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AREIT sees resilient office segment

The Manila Times 23 Apr 2021
Mills added that only less than 2 percent of their portfolio’s office leases is expiring this year, which makes them “not directly exposed to market vacancy and possible rental adjustments at this time.” ... It also has no Philippine offshore gaming operator tenants, which is currently driving vacancy in the country’s office market, according to Mills.
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Real estate vacancy rate seen widening as more POGOs exit

Manila Standard Today 09 Feb 2021
Colliers Philippines said office vacancy would reach 12.5 percent this year as more Philippine offshore gaming operators moved out and business process outsourcing companies rationalized their office space requirements ... The group said it was expecting residential vacancy to accelerate to 16.9 percent this year from 15.6 percent in 2020.

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