The SEA version of Phantasy Star Online 2 is going to be closing doors late next month on May 26th, 2017. Kind of sad to see an English PC game go, but at least the Japanese version is still going strong with constant events and episode updates. Playpark is going to be giving away free premium 60 days for all accounts and other goodies. You can check out the official announcement below or the site. 

"The Phantasy Star Online 2 team would like to express our thanks for the steadfast support of the whole ARKS Fleet. In the past two years, together, we formed a PSO2 community built on friendships that can withstand the test of time. That is why it saddens us greatly our contract in servicing SEA countries for Phantasy Star Online 2 will not be continued. As our friends and partners, we would like you to have only the finest experience with us.

Keeping your best interest in mind, the Phantasy Star Online 2 team and SEGA would like to announce that Phantasy Star Online 2 will end its service on 26 May2017 11:00 PM (GMT+8)." 

Official Site Source: http://pso2.playpark.com/en/news/26846