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Wednesday, November 6, 2024

Business

Metro Manila office rents decline as more POGOs exit

Metro Manila office and retail space rental rates continue to decline as more Philippine offshore gaming operators (POGOs) exit and new buildings are completed. JLL Philippines said in its latest office market update released Tuesday that the rental gap between headline rates and discounted rental rates remains in the double digits, with rents trailing by about 10 percent due to supply pressure and elevated vacancy levels. “Our latest data reflects a...

Power rates at spot market seen remaining stable in fourth quarter

Average electricity prices at the Wholesale Electricity Spot Market are expected to...

NEDA approves patrol car purchase, flood control projects, exhibition center

The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand...

MOHS warns against fakes

THE MOHS Analytics Inc. is warning the public against buying fake and...

Air Canada eyes new direct flight sto PH—Bautista

Air Canada plans to launch direct flights to the Philippines as it...

SteelAsia ships another 14,200 MT of steel rebars to Canada

SteelAsia Manufacturing Corp., the largest steel producer in the Philippines, shipped 14,200...

Metro Manila office rents decline as more POGOs exit

Metro Manila office and retail space rental rates continue to decline as more Philippine offshore gaming operators (POGOs) exit and new buildings are completed. JLL Philippines said in its latest office market update released Tuesday that the rental gap between headline rates and discounted rental rates remains in the double digits, with rents trailing by about 10 percent due to supply pressure and elevated vacancy levels. “Our latest data reflects a...

Power rates at spot market seen remaining stable in fourth quarter

Average electricity prices at the Wholesale Electricity Spot Market are expected to...

NEDA approves patrol car purchase, flood control projects, exhibition center

The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand...

MOHS warns against fakes

THE MOHS Analytics Inc. is warning the public against buying fake and...

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ChinaBank’s net income hit P14.7B in 3 quarters

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Century Properties launches middle-income housing project in Batangas

Property developer Century Properties Group Inc. is expanding its horizontal housing business with the launch of its middle-income residential development in Nasugbu, Batangas. CPG said...

BSP readies big interest rate hike this month

The Bangko Sentral ng Pilipinas prepares for a big interest rate hike in the next policy meeting of the Monetary Board this month after...

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