- Five (5) licensed Philippine offshore gaming operators (POGOs) and their local service providers have reportedly shut down their operations. These POGO operators are estimated to account for 11% of the total of 45 companies that are actively operating in the country. The recent POGO closures is seen to increase vacancy levels in the office market.
- E-commerce is gaining traction as players expand their presence in online channels and pour out investments in launching their own online platforms to adjust to COVID-19 induced "new normal".
The above is an excerpt of the June 2020 report. To read the full report, click on the Download button on the right.