Good day. Here are the top stories of The Manila Times for Saturday, Nov. 2, 2024.
Today's podcast is brought to you by Wilcon Depot, the Philippines' leading home improvement and construction supplies retailer -- your trusted building partner.READ: Floods fail to dampen observance of 'Undas'DEVOUT Filipinos clutching candles and flowers poured into cemeteries across the country on Friday to pay tribute to loved ones on All Saints' Day.
OsCONDOMINIUM vacancies in Metro Manila edged up in the third quarter, Colliers Philippine said, partly due to Chinese nationals vacating their units in line with a looming ban on all Philippine offshore gaming operators . In a quarterly market report released on Tuesday, Colliers PH said the vacancy rate rose to 17.4 percent in the July to September period from 17.2 percent, particularly in the Manila Bay area. Colliers PH expects the rate to hit 17.7 percent by the end of this year.
Os — online gambling firms in the country that cater to customers abroad, mostly Chinese — be shut down by the end of the year given alleged links to crime. Os proliferated during the term of former president Rodrigo Duterte and officials at that time said that taxes collected would substantially boost government revenues. Colliers PH said the increased vacancy would result in slower growth in rents and prices — rents rose by just 0.2 percent in the third quarter — with a projected recovery of between 2.0 percent to 2.5 percent, or to 15.2 percent, from this year to 2026.
Floods Fail To Dampen Observance Of 'Undas' November 2024
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