IT Centers At Risk Of Becoming Ghost Buildings, Says PEZA
The Philippine Economic Zone Authority (PEZA) has expressed concerns that IT buildings and parks will see high vacancies as a result of the Chinese government’s crackdown on offshore gambling. PEZA said 18 registered IT towers and parks occupied by 60 Philippine offshore gaming operators (POGOs) are at risk of becoming ghost buildings when POGOs vacate the properties. PEZA director-general Charito B. Plaza said the government should lift the moratorium on the approval of PEZA IT centers or parks located in Metro Manila so IT/BPO companies can occupy back the buildings.
Plaza also said IT centers earlier favored POGOs over IT/BPO firms because the POGOs offered to pay triple the rental amount. The IT-BPM industry led by the IT-Business Process Outsourcing Association of the Philippines (IBPAP) and the Contact Center Association of the Philippines back PEZA’s stand on the moratorium. According to IBPAP president and CEO Rey Untal, the moratorium creates a “near-term detrimental impact” as Metro Manila is projected to fuel growth in the IT-BPM industry this year.
Related news
- US Union CWA Seeks Improved Benefits For Philippine BPO Workers · 27 Aug
- Legal Process Outsourcing Sector To Grow In Coming Years · 26 Aug
- Office Space Demand In Manila Falls As BPOs Delay Expansion Plans · 23 Aug
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
