IN Cushman & Wakefield s latest 2023 Asia Pacific Office Fit Out Cost Guide, a notable trend emerges Metro Manila secures its position as the third most expensive office space hub in Southeast Asia. The report highlights an average monthly rental rate of P1,041.00 per square meter, reflecting a 0.21-percent increase compared to the previous year. Coupled with inflation, supply chain disruptions and a competitive labor market, these figures are prompting a strategic shift toward hybrid work setups and downsizing among corporations.
AS an overseas Filipino worker (OFW), it is essential to understand the legal obligation to contribute to the Social Security System (SSS), Pag-IBIG Fund and Philippine Health Insurance Corp. (PhilHealth). While deducting from one s salary may initially seem burdensome, these contributions offer long-term benefits to Filipinos. The SSS provides crucial financial assistance during retirement, sickness, maternity and other unforeseen circumstances, while Pag-IBIG facilitates access to housing support. Meanwhile, PhilHealth ensures much-needed medical aid for OFWs.