It is a well-known fact that Metro Manila is one of the top BPO locations in the Philippines. All major companies have a base there while people from different provinces fly to the country’s capital to be part of this ever growing industry.
But now, change is coming and the BPO locations are shifting from Metro Manila to different major provinces all throughout the Philippines.
In a report by Pinnacle Real Estate Consulting Services, Inc. on Monday, they call several cities in the country as the “next 10 cities” or “next-wave cities”. These cites are the following:
- Baguio City
- Davao City
- Dumaguete City
- Iloilo City
- Lipa City
- Metro Bulacan (Baliuag, Calumpit, Malolos City, Marilao and Meycauayan City)
- Cavite (Bacoor City, Dasmariñas City and Imus City)
- Metro Laguna (Calamba City, Los Baños and Sta. Rosa City)
- Naga (Naga City and Pili)
- Metro Rizal (Antipolo City, Cainta and Taytay)
Although Metro Manila has a surplus of office spaces, companies are eyeing other locations since the cost of renting out in other cities is marginally cheaper compared to the country’s capital.
Another factor is the talent pool that these cities offer to the companies. There are thousands of graduates that can be tapped in these cities that Metro Manila simply cannot provide anymore since there are lots of competition to begin with.
This is part of President Duterte’s plan of spreading the opportunity to other provinces besides Metro Manila. Not only is this a win-win opportunity for both the government and the BPO industry but also to the thousands of lives that will be affect by this change. According to Inquirer.com “the BPO industry is expecting revenues of $25 billion this year, or an increase of 13 percent from $22 billion in 2015.”
Read Philippine Daily Inquirer’s article about these cities. Read it here.
Manila Times also have an article about these new wave cities. Read it here.
Sunstar.com has a feature about Cagayan de Oro as one of these new wave cities. Read it here.