The Philippines has been a popular choice for international companies, especially those in the Business Process Outsourcing (BPO) industry. With a skilled workforce, a strategic location, and a supportive government, Manila offers several advantages that make it an ideal office location for international companies.
One of the biggest advantages of Manila is its skilled workforce. The Philippines is known for its highly educated and English-proficient workforce. According to the Philippine Statistics Authority, the country has a literacy rate of over 95%, and English is widely spoken and understood. This makes it easier for international companies to communicate and collaborate with their Filipino employees, which is essential for the success and future, of any business.
The Philippine government has implemented several programs to enhance the skills of the workforce in the BPO industry and put in place a number of policies to entice foreign investors.
The Technical Education and Skills Development Authority (TESDA) offers training programs to develop the skills of BPO employees, which has contributed to the growth of the industry in the country. In addition, many universities in Manila offer courses that are specifically designed for BPO-related skills, such as customer service, data analysis, energy and environmental design, and programming.
The Philippine Economic Zone Authority (PEZA) provides tax breaks and other benefits to businesses that locate their headquarters in one of the country's designated economic zone locations. This has encouraged many international companies to establish offices in Manila, contributing to the growth of the country's BPO industry.
Low labor and operational costs are also significant advantages of Manila as a business destination. The city offers a highly competitive cost of living, with low wages and operational expenses compared to other major global cities. This makes it an attractive option for companies looking to reduce costs without sacrificing quality. Additionally, the cost of renting commercial office space in Manila is significantly lower than in other major Asian cities, such as Singapore and Hong Kong. This makes it an ideal location for businesses looking to establish a regional office or expand their operations in the Asia-Pacific region.
Manila's rapidly developing infrastructure is another key factor that makes it an ideal location for international companies. In recent years, the city has seen significant investments in infrastructure development, including the construction of new highways, bridges, and airports. This has led to improved connectivity within the city and with other major business centers in the region. Moreover, the city's transportation system is highly efficient, with a well-connected network of trains, buses, and taxis. This allows businesses to move goods and people quickly and easily, minimizing downtime and increasing productivity.
When choosing a location for an office in the Philippines, there are several factors to consider, including accessibility, cost, infrastructure, and availability of skilled labor.
Best Locations for an Office in the Philippines
Makati City
The financial and cultural center of the Philippines is home to many international corporations and financial institutions. It is the most developed city in the country, with a well-established business district that offers excellent infrastructure, which includes high-speed internet, reliable power supplies, and efficient transportation systems.
Makati, also has a large pool of skilled professionals, making it an ideal location for businesses looking to attract and retain top talent. The cost of office space in Makati is higher than locations in other cities in the country, but it is still relatively affordable compared to other locations and major business centers in Asia.
Bonifacio Global City (BGC)
Bonifacio Global City, also known as BGC, is a rapidly growing central business district, located in Taguig City, Metro Manila. It has become a popular location for technology start-ups, multinational corporations, and business process outsourcing companies. Due to its modern infrastructure, reliable power supply, and high-speed internet connectivity. BGC's central business districts also have a thriving cultural and entertainment scene, with numerous shopping centers, restaurants, and bars. The cost of office space in BGC is higher than in other parts of Manila, but it is still more affordable than in Makati.
Ortigas Center
A business district located on the border of Pasig City, Mandaluyong City, and Quezon City. It is easily accessible via major highways and public transportation, and it is home to a variety of multinational companies and local businesses. Ortigas Center also has a wide range of amenities, including shopping malls private office buildings, restaurants, and bars. The office space in Ortigas Center is generally more affordable compared to the office space next to Makati City and BGC.
Quezon City
The largest city in Metro Manila and is a hub for government agencies, broadcasting, and media. It is easily accessible via major highways and public transportation, and it is home to a variety of businesses, including call centers and BPO companies. Quezon City also has a variety of amenities, including shopping malls, other establishments, restaurants, and parks. The office space in Quezon City is generally more affordable compared to Makati City and BGC.
Alabang
It is a business district located in Muntinlupa City, south of Manila. It is easily accessible via major highways and public transportation, and it is home to a variety of multinational companies and local businesses. Alabang also has a variety of amenities, including shopping malls, restaurants, and bars. Office space in Alabang is generally more affordable compared to other locations, such as Makati City and BGC.
Vista Residences: Premier Commercial Spaces for International Companies in Manila
The Vista Residences projects are one of the most notable developments in Manila that cater to trends and address the needs of international companies. Vista Residences is a subsidiary of Vista Land and Lifescapes, Inc., one of the Philippines' largest real estate developers. The firm specializes in the development and sale of high-rise condominiums and commercial spaces in strategic locations throughout the country and the world.
GL Taft
One of the buildings in the Vista Residences project caters to international companies. The GL Taft is a 40-story building in the heart of Manila's business district. It provides commercial spaces that are ideal for BPO firms, with amenities such as fiber-optic internet connectivity, 24-hour security, and ample parking space. GL Taft also provides the company's many amenities, such as a fitness center, a swimming pool, and a function room, making it an ideal place to work for employees.
Symphony Towers
Another Vista Residences project that caters to international companies. Symphony Towers is a twin-tower development in Quezon City, Metro Manila's major business and entertainment hub. It provides BPO companies with commercial office spaces that include high-speed elevators, a standby generator, and a centralized air-conditioning system.
Symphony Towers also houses offices and other space in other buildings and provides many amenities, including a grand lobby, a function room, and a landscaped garden, making it an ideal workplace for employees.
The Laureano Di Trevi
This 37-story tower in Makati City, the Philippines' financial capital. It provides commercial spaces that are ideal as coworking spaces for BPO companies, with amenities such as centralized air conditioning, fiber-optic internet access, and a 24-hour security system.
Laureano Di Trevi also rents office space and provides many amenities, including a fitness center, a swimming pool, and a function room, making it an ideal workplace space for employees.
Currency
The Currency is a pre-selling condominium of Vista residences designed to meet the need of multinational corporations. Currency is a 36-story tower in Pasig City, Philippines, located in the Ortigas Central Business District. It provides cutting-edge facilities and amenities such as high-speed elevators, 24-hour security, and backup power generators to ensure tenants' uninterrupted operations.
The Currency also has efficient traffic and sustainable building systems, making it a great place to work for companies that value environmental sustainability. Currency, with its strategic location and first-rate amenities, is an ideal address for international companies looking to establish a presence in Metro Manila's bustling business district market.
Manila is an excellent choice for international companies, particularly those in the BPO industry. The city provides its residents with a skilled workforce, a strategic location advantage, a supportive government, and a high quality of life. With these benefits, it's no surprise that many international companies have chosen Manila as their office location, and the Philippines' already competitive BPO industry is expanding.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
