The Philippines is on the verge of a phenomenal futureThe Philippine currency has reached a 5-year high in 2007 and continues to be strong and resilient, fortified by the economic management of the current administration.
We are on the verge of the biggest real estate boom in history, set to totally eclipse the 1997 Asian crisis, and fueled by money from Filipino Expatriates, foreign investment, and a strong and bullish economy.
Among the 25 priority infrastructure projects expected for completion by 2010 are the LRT line 1 to NAIA, the P21-billion Subic-Clark-Tarlac Expressway, the P6.9-billion Subic Port development the P1.3-billion North Expressway-South Luzon Expressway connection via C-5 Project, and the Edsa Rehabilitation Project. Six of the major projects are set to be completed by March 2007.
The Philippine Stock exchange hit a nine-year record in 2006, opened in 2007 some 30 percent higher, and continues to be strong.
The overall business climate is upbeat and industry leaders and CEOs perceive that 2007 and 2008 will be even better.
The Philippines has emerged a strong second to India in the global outsourcing market. In 2006, it recorded $3.6 billion in earnings, a 50-percent jump from 2005. By 2010 it is expected to earn as much as $12.2billion.
Big outsourcing players in the U.S. such as Sykes Enterprises, Convergys, PeopleSupport Inc, Accenture, and eTelecare Global solutions have already set up headquarters in the Philippines, and Dell computers recently opened a contact center and is on schedule to open a second one this year. The Philippines is becoming a much preferred option as it has stronger cultural ties to the United States than India, and it is expected to catch up and even overtake India as market leader.
Remittances from Filipino Expatriates have grown to over $1.2billion dollars a month!
A surging demand for real estate is expected to sustain a continued surging growth of the Property industry.
The current economic managers of the country have remained steadfast in pursuing a blueprint for an economically prosperous future.
MAKATI
The City of Makati is the the undisputed financial, commercial, and social center of the entire country.
Known as the business and entertainment capital of the Philippines, Makati is the hub of urban energy and vigor, where a multitude of exhilarating dining establishments, 6 five-star hotels, the hottest nightspots and the country’s most popular shopping malls are located. The city also allows full access to the top schools, churches, the head offices of all the banks and financial institutions, embassies and the Metro Rail Transit (MRT) station.
Century City lies in the very heart of the Philippines’ most exciting city, and it comprises part of Makati’s new Central Business District, the most expensive and most desired real estate in the country.
for more details, pls visit www.condocentralph.com
