YEARENDER: 12 big business stories in 2012

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Lala Rimando & Katherine Visconti

www.Rappler.com

2 January 2013

http://www.rappler.com/business/18776-yearender-12-big-business-news-in-2012

MANILA, Philippines – The year 2012 was full of surprises, good news, tension, frustrations and more.

Below is a list of 12 of the biggest business, industry and economics stories Rappler’s business team covered in 2012. It reflects the new policies, partnerships and factors beyond Filipinos’ control that shaped 2012 and will be felt after the year is over.

Read full article here

10. Real estate boom (Article Extract)

Image courtesy of Franz LopezImage courtesy of Franz Lopez

The local real estate market boomed anew in 2012, raising concerns about similarities to pre-1997 real-estate-led financial crisis. Experts and economists allayed the fears of worried Filipinos and foreigners, stressing the boom has two fundamental legs to depend on.

One: the remittances sent by Filipinos abroad that stayed resilient despite slowing global economy. With most buying homes for their retirement needs, real estate consultant CBRE Philippines noted that overseas Filipinos’ home purchases increased 61% this 2012. The growth in sector is obvious in the and even international players like Paris Hilton, Donald Trump and high-fashion house Versace are getting in on the action.

Two: the continuing growth of Business Process Outsourcing (BPO) business, which requires vast office spaces. With a doubling of revenues to $25 billion by 2016, Philippine skylines are fast developing to meet demand.

Three: Record low interest rates helped make financing a home purchase and office lease more affordable.

Teletech

MR. FREDRICK SANTOS
Chairman
CB Richard Ellis Philippines, Inc.
10th Floor, Ayala Tower One & Exchange Plaza
Ayala Avenue, Makati City 1226

Dear Mr. Santos,

We would like to thank CBRE particularly your Emergency Team for the support and Assistance that they have provided to our sites in Luzon (Pampanga, Cainta, Ecoplaza, Roxas and Sta. Rosa) that rolled our Emergency Response Program (ERP) Drills.

As a result of your team’s active support and participation, Teletech’s ERP program has been further strengthened and we were able to get good words from our visiting Global Facilities Director, Christopher McLuhan when he witnessed the Sta. Rosa DC Facilities Team have done to roll out such program.

Your onsite and head support team’s skills and support mean a lot to us in attaining successful drill roll outs and will ensure that future incidents and challenges will be properly dealt with because of the solid ERP and DRP programs that we have established.

Again, thank you very much and more power to your company.

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