Top Business Location in the Philippines

The Philippines ranked 95th with a Distance to Frontier Score of 62.8 in the World Bank’s 2021 Doing Business Report, an annual research that assesses how easy it is to conduct business concepts in various nations. 190 economies were covered by the research. 

This result is viewed as a substantial improvement above the Philippines’ 2019 ranking of 124th with a score of 57.68 because, throughout the previous few years, the Philippines’ economy has typically been ranked poorly among the world’s economies.

The Information Technology-Business Process Outsourcing (IT-BPO) sector, which is well-positioned as a leader in the worldwide market, is the main engine of the Philippine economy. In reality, according to data from the IT and Business Process Association of the Philippines (IBPAP), the country’s business process outsourcing sector recorded revenue growth of 1.4% in 2020 despite the COVID-19 epidemic having a significant negative impact on the country’s economy. 

This year is a terrific moment for business and investments for our nation because the Philippines is thought to have Asia’s fastest-growing economy! Wow, that’s amazing! And with such encouraging news, there has never been a better time to start your own business! I’m serious!

Here is a sharp map to show where you can start marking x for your investment spot if you’re seeking the top locations across the nation to start your business journey.

Central Business District of Makati

The majority of the nation’s top companies and Asia’s most well-known commercial districts are located in Makati Central Business District (Makati CBD), often known as the “Central Cluster.” The Makati Commercial Estate Association (MaCEA) and the Ayala Property Management Corporation (APMC) are in charge of running the Makati CBA. The country’s top business district is Makati CBD.

Business Center in Ortigas

The Mandaluyong-Pasig border is where the Ortigas Business Center is situated. It is a commercial district located across EDSA (Epifanio Delos Santos Avenue). Along with other companies, the business center is home to the Asian Development Bank, Jollibee Foods Corporation, SM Megamall, and San Miguel Brewery.

Bonifacio Global City

Taguig City’s financial district is located at Bonifacio Global City, popularly referred to as The Fort. In recent years, The Fort has developed into one of the county’s business districts with the quickest rate of growth. Its development is sufficiently encouraging to displace Makati City as the country’s top central business district (CBD).

Filinvest Corporate City

The commercial capital of Manila’s southern region is this enormous 224-hectare metropolitan metropolis. It is a region where modernity and mother nature compete for a piece of existence, bringing together a commercial cosmopolitan with a serene, peaceful atmosphere.

There are four districts, each with a unique personality. One of those four is the Convergence Hub, which is praised for its first-rate transportation system. In contrast, the Modern Metro is praised for its collection of modern facilities like shopping centers and condominium complexes. 

With Garden City providing the fourth district, which offers a setting dominated by bicycling trails and wildlife, there is also a premier CBD among the four.

Pasay City

The SM Mall of Asia, one of the biggest malls in the world, is located in Pasay City. The World Trade Center, the Department of Foreign Affairs, and other important government institutions are among the notable casino hotels, entertainment venues, and buildings that it also houses. Pasay was one of the Philippines’ first urban hubs as a result.

Quezon City

One of the three current primary business areas of Quezon City is Triangle Park, or Quezon City, to be more accurate. The other two are Araneta Center in Cubao and Eastwood City in Libis. In Diliman, Quezon City, there is a mixed-use Central Business District development called The Triangle Park.

Alabang

Filinvest Corporate City is located in Alabang, the southern region’s primary economic center. Alabang features leisurely yet business-oriented projects that cater to residential, business, educational, wellness, and recreational needs. It is a haven for modern urban development where nature and modern living flourish in harmony. 

Metropolitan Cebu

The economy of Metropolitan Cebu is strong and fiercely competitive. With more than 20 IT parks and nine economic zones already operational in the metro area, Cebu is positioned to become a highly effective commercial hub on a worldwide scale. Cebu is another well-liked vacation spot.

Davao City

One of the Philippines’ greatest local economies is that of the Davao metropolitan area. Due to its thriving economy, it is referred to as the “Crown Jewel of Mindanao”.

Cagayan De Oro City

Cagayan De Oro, another location from the South of the nation, is a hotspot for aspiring businesspeople since it serves as the entrance to Northern Mindanao’s immense and mostly untapped human capital potential.

The fact that there are a lot of expanding BPO offices in CDO as a result of the reasonable office space and skilled labor costs demonstrates the case.

Pampanga 

Pampanga is on the path to becoming the Green City of the Philippines and is strategically placed where the future international airport of the Philippines will be.  With one of the largest land areas in the nation, there is a lot of potential and chance to launch a business.

Additionally, Pampanga has close-by free ports that might function as a vital hub for trade and tourism.

Please read: DEALING WITH BUSINESS UNCERTAINTY

Conclusion

The Philippines continues to have one of Asia’s most promising economies. Following the epidemic, public investment and a rebound in the external environment have helped the Philippine economy start to recover, with a 3.7% year-over-year growth in the first half of 2021. 

The country’s developing commercial hubs, substantial government support, and investment in the BPO sector are all excellent signs that the economy is doing well. It is ideal for businesses and their local recruitment agencies to benefit from this expansion.

The location of your business should never be taken lightly, whether you’re a Filipino or an expat attempting to launch your first venture in the Philippines. More importantly, you need to learn more about the culture, the people, and their various lifestyles of the nation if you want to develop a successful business there because these are the things that will enable you to properly comprehend your market.

Good luck and we wish you the best in your future endeavors.