Summary
The continued growth of the BPO industry in the Philippines has led to subsequent growth in all other related industries as previously reported and analyzed by this GLG Real Estate Council member The announcement of more BPO locations in other cities aside from Metro Manila in Luzon, Visayas and Mindanao also mean wider spread of property investments, white-collar income and consumer spending.
Analysis
Based on figures from the recent Philippine ICT Awards, BPO companies have continued their expansion and have positively affected all other related industries - employment, commercial/corporate real estate, retail, tourism, etc.
Forecasted to continue for at least the medium-term, this and other related industries growth augurs well for the Philippine economy in general and Philippine property in particular.
PLDT (Philippine Long Distance Telephone) has announced that it will invest $550M telco infrastructure upgrade in the following areas to support BPO expansions in the following cities (not in order of priority):
Luzon
-Taguig, Manila
-Cainta, Manila
-Sta Rosa, Laguna
-Cavite
-Batangas
-Clark, Angeles
-Subic, Olongapo
-Balanga, Bataan
-Baguio
-Dagupan
-San Fernando, La Union
-Urdaneta, Pangasinan
-Legazpi
-Naga
Visayas
-Cebu
-Bacolod
-Iloilo
-Tacloban
-Tagbilaran
Mindanao
-Davao
-Cagayan de Oro
-General Santos
