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The Philippines is definitely growing. Aside from Metro Manila, other parts of the country are participating in huge office takeups. A report from ABS-CBN said that business process outsourcing (BPO) companies are planning a huge office takeup within the next three years in provinces. For now, the take up is said to be a 100,000 square meters of office space.
Property consulting firm Santos Knight Frank said there were at least 10 BPO companies, which are both local and international, that expanded in these so-called “new wave” cities including Baguio, Dagupan, Dasmarinas, Sta. Rosa, in Laguna, Roxas, Malolos, Taytay, Lipa and Naga. This move shows potential of job openings for people in these “new wave” cities.
“BPOs will go to market where there is good educated demographic and lower labor costs,” Santos Knight Frank chairman and CEO Rick Santos said via ABS-CBN.
In terms of costs, it’s cheaper in getting offices at the mentioned provinces. Mr Santos said businesses will be able to save around 50 to 60 percent on labor and 30 percent on building and maintenance costs.
“BPO jobs bring the most money and more middle income will emerge in those areas where workers, mostly in their 20s and 30s, are making much more significantly, more than their moms and dads did and are able to increase the whole family’s lifestyle,” said the firm’s senior director of occupier services and commercial agency Morgan McGilvray via ABS-CBN.
“I think everyone gets a little bit wealthier and I think the impact will be higher in the provinces because they’re coming from the lowest base. They will see the most impact,” he added via ABS-CBN.