In the last decade, Bonifacio Global City in Taguig has become a new mecca for entrepreneurs to grow their businesses. It is one of Metro Manila’s fastest growing financial hubs with a 240 hectare world-class business development area that’s home to upscale shopping centers, hotels, condominiums, offices, and schools.
Looking for a venue to house your next event? With everything you have to deliberate, choosing the right location can make or break the success of your event. Site selection is often the most challenging part of the event planning process. Researching for places and negotiating with venues can be time consuming too. But with FlySpaces, you can search and pick the perfect venue for your event on your laptop or smartphone.
As one of the most globalized economies in the world, Singapore is the perfect place to build a career or start your own business. It’s ranked first for ease of doing businesses because of its fast and efficient registration process and progressive tax system. It’s also rated as having the best labor force in the world, with local and foreign professionals that are known for their effectiveness and strong work ethic.
Running a business requires entrepreneurs to face a myriad of obstacles. Among them, honing a product idea, developing a business plan, forming a strong team, and also finding the perfect space wherein the business can grow. This last task has proven challenging for many entrepreneurs, especially in Southeast Asia where office vacancy rates are among the lowest in the world. These circumstances have encouraged startups and SMEs to explore options outside of conventional office leasing; thus the trend of short-term workspace solutions, particularly coworking, has taken flight in the region.
“At Zalora, your purpose is not just to collect your paycheck at the end of every month. Maybe that’s what your parents wanted you to do because that’s what they did,” begins Paulo Campos, CEO and co-founder of Zalora Philippines. “As for me, I’ve always blazed my own trail. Here, we have a sort of trinity wherein happy employees plus happy customers equals happy company. It’s the sense of community that makes our employees like working here. This is what makes us successful.”
Hong Kong, China— The use of short-term workspaces is gaining momentum in cities all around the world, allowing freelancers, small business owners, and independent workers to rent a working area that is free of long-term commitments and entry barriers. More and more businesses are opting for this kind of office lease over those of the conventional nature for its increased flexibility, convenience and affordability. With the rising popularity of coworking spaces, the preference for short-term solutions is catching on across the globe, and Southeast Asia is no exception.
Having been in the business of flexible work spaces for over 20 years, Regus has provided serviced offices to numerous Fortune 500 companies, and currently operates 2300 business centers across 120 countries worldwide.
Lars Wittig, Regus Philippines Country Manager, spoke to Flyspaces about the recent upsurge in flexible workspaces, paying particular attention to the current trends and unique situation in the Philippines. In the continued evolution of the work landscape, Wittig highlights the critical arrival of the millennial generation into the labor force.
Southeast Asia is a great place to start your business. It has extremely affordable living rates and provides easy access to many goods and services. With a large pool of entrepreneurial opportunities, affordabe costs, and a wonderful community, Southeast Asia is the new frontier for expats around the world. Here is an infographic on the cost of living in Southeast Asia.
The Philippines has gained traction as a dynamic emerging market, with gradual financial developments leading to greater investment opportunities. A known powerhouse in the business process outsourcing industry, the country continues to be a strong performer in Asia, managing upward forecasts of 6% GDP growth for 2016 and 2017, according to both IMF and ADB. Focused investments implemented through the private sector, sensibly budgeted infrastructure, and public-private partnership projects, together with an astutely skilled labor force have contributed to the Philippines’s intensifying global competitiveness.
A steady economic growth and a generally optimistic outlook has put Manila back in place as a favorable investment location. As business activity continues to increase, Manila is able to win back business confidence and opportunities. With the fast-paced developments, central business districts in the metropolis have changed into world-class structures. But even if Manila offers first-class living choices, the cost of living is relatively low as shown in the infographic below.