The business process outsourcing industry in the Philippines is undeniably the fastest growing sector in the country. In 2015, the industry is the second largest income source in the country with a solid contribution to the economy over the next years. Today, the Philippines is recognized for its established BPO industries, with more companies choosing to set up office space in Manila than any other major cities in Southeast Asia.
Discover what makes Metro Manila a suitable option not just for the BPO industry but for new investors and business expansion.
Economic Environment
The Philippines’ BPO industry is known for its business-friendly economic environment. For starters, the lower cost of living in the country enables BPO businesses to save on large overhead costs as compared to neighboring countries in Asia – in terms of lease, for example, the cost of office space for rent Manila is lower than Singapore or Hong Kong. The reduced expenditure for BPO companies makes it a more appealing business environment.
Governmental support is another key aspect that enables the flourishing BPO industry. There are various laws enacted in an effort to provide protection for businesses, along with tax-related benefits, including Special Economic Zone Act and the Republic Act.
The BPO industry in the Philippines has met with much success. According to the ABS-CBN News, the industry saw a 1.4% increase in revenue in 2020 with a total of $26.7billion, and it saw BPO companies increasing the workforce by 1.8% to a total direct employment of 1.32 million.
Language Advantage
On top of the economic environment, the language advantage is another primary reason for business process outsourcing companies to choose Metro Manila. Philippines is recognized globally as one of the largest English-speaking nations. With the proficiency in the language as one of the major strengths of the country, BPO companies have no problems accessing a pool of employees with good spoken English and a diverse knowledge-based workforce in Philippines. This makes local operations that much easier to set up.
Best Business Locations in Metro Manila
Location is a critical factor to the success of any business. If you are looking for the best serviced office Manila or coworking space in Manila, start from these 4 Metro Manila cities – Makati, Bonifacio Global City (BGC) in Taguig, the Ortigas Center in Pasig, and Alabang.
Makati
Makati is regarded as progressive commercial and business district in Metro Manila. According to the local government, 40% of the top 1,000 multinational and local corporations in the Philippines are based in Makati, along with over 1,000 BPO offices.
Makati is also a tech stronghold with 31% of Metro Manila’s IT buildings located in the city. There is also a large concentration of international banks with over 400 bank branches, as well as a multitude of world-class hotels.
To provide new and established businesses with the right workspace in this prominent address, Compass Offices provides fully furnished office space for rent in Makati’s Tower 6789 at the Ayala Avenue – one of the liveliest thoroughfares in the whole of Metro Manila.
A PEZA and LEED-certified office building, Tower 6789 is in the front and center of Makati, with a location that’s walking distance to public transportation hubs, as well as a myriad of business and lifestyle amenities, including The Greenbelt Shopping Malls, Manila Peninsular and the Shangri-La Makati.
Bonifacio Global City, Taguig
A strong contender for the best business destination in Metro Manila, BGC is a fast-growing urban district that has put Taguig on the map with its well-planned and designed commercial hub. A former military base, BGC is now home to leading international and local companies, prime residential projects, landmark malls and museums, as well as the dining and culture scene.
Businesses and investors are drawn to district for the burgeoning business and lifestyle community, giving rise to an increased demand for quality workspace solutions. With 2 locations in BGC at ArthaLand Century Pacific Tower and the BGC Corporate Center, Compass Offices offers flexible offices for discerning businesses that values accessibility and connectivity.
A LEED Platinum, BERDE Five-Star and EDGE Zero Carbon-certified building, ArthaLand is located on Fifth Avenue whereas BGC Corporate Center is on 11th Avenue, both locations share the convenience of transport and proximity to a world of shops, restaurants, hotels and malls such as the Market! Market! Mall and SM Aura.
Ortigas Center, Pasig
Once ranked the second best business location in Metro Manila, Pasig is another business-friendly city for companies setting up businesses here.
Ortigas Center in Pasig, the central business district of the city, is home to many government and commercial office spaces including top companies like the San Miguel Corporation, Meralco, and Banco de Oro. There are many residential condominium projects within the area for those that seek a proximity between work and living.
The only drawback to the location of Ortigas Center is that it is slightly farther away if you are traveling from the capital.
Alabang
Alabang is another city in Metro Manila with a developing economy, thanks to a diverse mix of businesses based in the area. The city resembles BGC in terms of the work and living environment, which is a good avenue for business opportunities and quality of life.
While Alabang is not as high in traffic as the other business districts, an upside to the city is its close proximity to the south, making it extra accessible for a large part of the workforce that lives there.
It is important to pin down a location that will give your business an edge. Consider your company requirements, the best way to position your brand, and the accessibility for your workforce.
Speak to our team at Compass Offices to define the ideal workspace for you and your team.
Call +632 8835 8908 or email PHsales@compassoffices.cn for more information about our flexible office space at 3 sought-after locations in Metro Manila – Tower 6789 in Makati as well as ArthaLand Century Pacific Tower and the BGC Corporate Center in BGC, Taguig.