BPO sector remains a bright spot for PH – CBRE

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ABS CBN.com

17 January 2013

http://www.abs-cbnnews.com/business/01/17/13/bpo-sector-remains-bright-spot-ph-cbre

Mornings @ ANC January 2013 Interview

https://www.youtube.com/watch?feature=player_embedded&v=p_epodsnlmU

Real estate advisory firm CBRE says the Philippines has strong fundamentals to sustain its growth in the next five years.

CBRE chairman Rick Santos says the Philippines will remain a lifeboat for the European and US economies especially when it comes to outsourcing products and services.

In an interview on Mornings@ANC, Santos said he expects the business process outsourcing sector to remain a bright spot and to drive demand for real estate.

“This is a great time for the Philippines. This is the best market I’ve ever seen in last 20 years and it’s driven a lot by demand from office sector, call centers, BPOs, shared services companies that outsource their work here. We see that sector being a bright spot for 2013,” he said.

“From a macro perspective, we’re seeing the Philippines being second to China in terms of GDP growth. Last year, the Philippines was one of the best performing markets in Asia… Also from an investment standpoint, we’re just one notch away from investment grade. So we’re seeing a lot more institutional investors coming in, looking at the Philippines from a real estate point of view, equity investment point of view.”

Santos says a wide range of financing schemes is also making the country a nation of owners when it comes to real estate.

He adds with the advent of gaming in the country the hotel and leisure sector will continue to pick up bringing in more investors and generate more jobs.

“The hotel and leisure sector is picking up and that’s behind advent of gaming, with all these casinos coming in, which will bring in more investors. We see in 5 year’s time, we see the Philippines challenging places like Macau, Las Vegas in the gaming sector,” he said.

However, Santos cites infrastructure as crucial to sustaining the economic growth.

“I think the challenge will be infrastructure, just making sure that infrastructure keeps up with demand in terms of road, rail and airports, etc. I think as long as we keep investing in infrastructure to make sure the phenomenal success of the Philippines has had in property side, I think that growth is sustainable,” he said.

Regent Parkway

To all the administrative, security and management personnel at Regent Parkway:

I’d like to take this opportunity to THANK YOU sincerely for all your hard work.Every day we come home to clean, well maintained and safe building, and it is thanks to the contributions of each and every one of you.

I’ve had the pleasure to be a tenant of this building for the last couple of years, and I have never, ever had a single problem, not ever one. Everything is managed with the utter most professionalism, and many times we take that for granted. I know that it doesn’t happen by magic, but because of the effort from each and every one of you.

Unfortunately, I am being relocated to my home country, reason for which I will stop living here by the end of the month. Believe me, if it was up to me, I would never leave; since my stay here has been very happy and fulfilling.

I’ve had the opportunity to live in many places, but the upkeep and operation in this building, together with the warmth from every member of the personnel, are unparalleled.

I didn’t want to leave without sharing with you my appreciation for all you have done for me; your friendly smiles, the cheering in the early mornings when I drag myself up for a run, making me feel safe and taken care of, but mostly, for taking an otherwise ordinary job and making something extraordinary out of it.

I wish you all the best and thanks again.

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