Saturday, January 28, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Megaworld expects most employees of outsourcing companies to return to offices soon

Jenniffer B. AustriabyJenniffer B. Austria
May 27, 2022, 8:30 pm
in Business, Corporate
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

MREIT Inc., the real estate investment trust company of Megaworld Corp., expects most business process outsourcing companies to comply with the government’s return-to-office order soon.

MREIT president and chief executive Kevin Tan said during the annual stockholders’ meeting that while BPO firms initially experienced challenges in complying with the directive, BPO workers began gradually returning to offices after two years of work from home set-up because of the pandemic.

“The return to office happened quite quickly, and BPO tenants along with their employees had encountered challenges in complying with this requirement immediately. However, we see gradual shift back to office space work. For example in Iloilo, about 90 percent of employees are back to office work, and in some parts of NCR we do see more than 50 percent of employees are now back to work,” Tan said.

“We do anticipate that most BPOs will be able to substantially comply with the return-to-office order very soon,” he said.

The government directed BPO firms to resume working onsite if they are operating within economic zones. This is part of the government’s move to reopen the company and boost the other sectors of the economy, particularly the retail, transportation and restaurant businesses.

ADVERTISEMENT

MREIT operates 10 office buildings mostly occupied by BPO firms and traditional offices.

Tan said despite the current market environment, MREIT office properties enjoy 96-percent occupancy rate.

He said MREIT is not interested in getting offshore gaming firms as potential tenants because it is not in line with the company’s criteria of investing in stable yielding assets.

“MREIT currently enjoys 96-percent occupy rate and we do not see the need to target other types of tenants that do not provide the same levels of stability as BPO and traditional office tenants,” he said.

Tan said the company’s room for growth remained positive as sponsor Megaworld has over 1.4 million square meters of office leasing space, of which 1.1 million sq. m were not yet infused in MREIT.

MREIT committed to acquire P20 billion worth of office space in its portfolio this year which would hike the company’s portfolio value to P78.5 billion by end-2022.

MREIT aims to have 500,000 sq. m. of leasing portfolio by 2022 and 1 million sq. m. by 2030.

Tags: Kevin TanMegaworldMREIT Inc
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

BSP ready to further tweak policy to contain inflation

byJulito G. Rada
January 27, 2023, 9:20 pm
0
8
Remittances increased 5.3% to $25.929b in first 10 months

The Bangko Sentral ng Pilipinas reaffirmed its readiness to tweak its monetary policy stance to rein in inflation in the...

Read more

Megawide bags 3 contracts from PHirst Park Homes

byJenniffer B. Austria
January 27, 2023, 9:15 pm
0
8
Megawide raises P4B after offering preferred shares

Infrastructure and engineering firm Megawide Construction Corp. said Friday it bagged three supply and build contracts with affordable residential developer...

Read more

SMC Global eyes ‘legal remedies’ after CA junked supply deal TRO

byAlena Mae S. Flores
January 27, 2023, 9:10 pm
0
8
SMC Global to finish 690-MW battery storage plant

SMC Global Power Holdings Corp. said Friday it would pursue “all available legal remedies” following the Commission on Appeal’s denial...

Read more

Pag-IBIG financed 18,657 socialized homes for low-wage earners in 2022

byManila Standard
January 27, 2023, 9:05 pm
0
8
Pag-IBIG Fund releases record P44b in home  loans in H1 ‘21

Pag-IBIG Fund financed 18,657 homes for low-income and minimum-wage earners in 2022, top executives said Friday. Socialized homes represented 18...

Read more

ADB approves $500-m loan to help improve PH agriculture sector

byJulito G. Rada
January 27, 2023, 9:00 pm
0
8
ADB okays $175-m loan for three bridges

The Asian Development Bank said Friday it approved a $500-million (about P27 billion) policy-based loan to help the Philippine government...

Read more

Fitch Solutions sees PH growing 5.9% in 2023

byJulito G. Rada
January 27, 2023, 8:55 pm
0
8
Fitch sees peso-dollar rate falling to 51.80:$1

Fitch Solutions, a unit of Fitch Group, maintained on Friday a 5.9-percent growth forecast for the Philippine economy this year,...

Read more

Print Edition

View More

Recent Posts

  • Marcos accepts Macron invite for state visit to France
  • DepEd taps PNP for school security
  • Coast guardians
  • Comelec junks Pimentel plea on PDP-Laban
  • Job hunting
  • Ship in distress
  • PCG now with PH fishermen at WPS areas
  • More opportunities for Pinoy boxers

Advertisement

Latest News

Ship in distress

byManila Standard
January 28, 2023, 12:33 am
0
8
Job hunting

Crewmen of the Philippine Coast Guard ship BRP Cabra get ready to rescue seven Chinese crew members of a fishing...

Read more

PCG now with PH fishermen at WPS areas

byManila Standard
January 28, 2023, 12:30 am
0
8
Filipinos fishing on frontline of China’s battle for disputed sea

The Philippine Coast Guard (PCG) is now accompanying fishermen at Ayungin Shoal (Second Thomas Shoal) and Bajo de Masinloc (Scarborough...

Read more

More opportunities for Pinoy boxers

byManila Standard
January 28, 2023, 12:20 am
0
8
More opportunities for Pinoy boxers

Games and Amusement Board chairman Richard Clarin recently visited Thailand to watch Filipino boxers fight for regional titles. It provided...

Read more

Why POGOs must be banned

byEmil Jurado
January 28, 2023, 12:15 am
0
8
A tribute to Bob Garon

"It would do well for BBM to get advice from veteran AFP generals, since they have been there and done...

Read more

Justice delayed is justice denied (Part 2)

byTony La Viña
January 28, 2023, 12:10 am
0
8
Christmas path to peace

"The basic principle is that no one should be deprived of liberty unless there has been a trial and final...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App