Cebu has established itself as the main economic stronghold in the Visayas region. With support from the local government, the province has emerged as one of the key cities in the region for private businesses.
Real estate is and has always been an industry full of nothing but luxury and prestigiousness. It, in fact, is an industry that continues to thrive as years go by, and, true enough, today, real estate remains as one of the fastest-growing sectors in the world.
Outsourcing has grown to become a buzzword in the business landscape. The technological boom also made this easier for businesses and remote workers alike. Getting a remote staff to perform specific business functions allows organizations and employees to shift their focus on their core responsibilities.
Serviced office and coworking space solutions in the Philippines have become a viable alternative to conventional office space leasing. These office spaces are currently occupied by a large number of foreign and local companies, some of which include startup businesses, branch offices, expanding companies, and foreign companies in need of local representation.
Coworking has transitioned from an eccentric office space alternative for hipsters and freelancers to an attractive business solution for companies of all sizes. The appeal is flexibility. Companies, whether start-ups or more established businesses, can scale easily and less expensively through shared office facilities in prime business locations with flexible lease arrangements that include event spaces, networking opportunities, and programs designed to encourage mentorship, collaboration, community, employee wellness, and entrepreneurship.
On Monday, March 25 2013, the Securities and Exchange Commission (SEC) released a draft memorandum circular regarding the government body’s foreign ownership rule. The SEC had released this draft to the concerned parties asking for their input and comments by April 25.
Foreign direct investment inflows have never been better as confidence increases in the Philippine business environment. Foreign direct investment increased by 10% by the end of 2012. Comparing from the previous year, the amount increased from $1.85 billion in 2011, a significant amount in itself, to an even more impressive $2 billion in 2012.