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Philippine office market could take a hit over tax proposal that could hurt outsourcing and Chinese online gaming firms

from South China Morning Post

Demand for office space in the Philippines from two big job creators — business process outsourcing and Chinese online gaming — could take a hit if a proposed tax change goes into effect and the U.S.-China trade war isn't resolved. The Philippine office property market has posted growth for more than a decade and has been mainly supported by the BPO sector — a major generator of jobs and revenue in the country — and, more recently, the online gaming firms from China. more

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