With rental rates in Metro Manila rising from $21.80 per sq foot in 2014 to over $31 in 2016 and the majority of new graduates located outside of the capital, the Philippines’ business process outsourcing (BPO) industry is increasingly looking to decentralise investment and activities to a portfolio of emerging secondary cities.
This chapter contains hotel listings for business and leisure travellers, useful contact information for government ministries, phone numbers for business associations and other institutions, as well as helpful tips for new arrivals to the country.
The Philippines’ business process outsourcing (BPO) sector is an economic powerhouse and one of the largest white-collar employers in the country. It benefits from over a decade of pro-investment policies, a young and well-educated workforce, and rising foreign investment in both third-party contact centres and global in-house call centres. The industry will soon surpass foreign remittances as...
Strong macroeconomic expansion, rising consumer incomes and soaring import demand has kept trade volumes in the Philippines on a consistent upwards trajectory over the past decade. The country remains in trade deficit, with exports faltering in recent years as a result of external challenges such as low global commodity prices; softening demand in China, Japan and the US; and uncertainty over...
After five straight years of robust macroeconomic expansion, the Philippines ranks as one of the best-performing economies in South-east Asia. With rapidly rising domestic consumption, soaring foreign direct investment and a growing services sector, the country is set to record world-leading growth rates in 2017. Although weakening global and regional demand have weighed on exports, and the...
The Philippines began witnessing sustained economic growth and increased efforts to curb corruption during the six-year term of former President Benigno Aquino III, who ended his presidency in mid-2016. Long-time Davao City mayor, Rodrigo Duterte, won the 2016 election, which was characterised by a historic 82% turnout rate, and took office on June 30, 2016. His government aims to push forward...
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