Difference between revisions of "Parañaque City, Philippines"

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 ==[[Parañaque City News]]==
 <!--- Note: KEEP ONLY THE CURRENT NEWS HERE --->
-'''DBM: P128m released for school destroyed in Parañaque plane crash'''
+'''Metro Manila and prov'l business districts will continue to grow'''
-*Source: http://www.gmanetwork.com/news/story/242985/news/metromanila/dbm-p128m-released-for-school-destroyed-in-para-e-plane-crash
+*Source: http://www.mb.com.ph/articles/346759/metro-manila-and-provl-business-districts-will-continue-grow
-*By: VVP, GMA News
+*By: www.mb.com.ph
-*''December 29, 2011''
+*''January 02, 2012''
-The Department of Budget and Management has fast-tracked the release of P128 million for the reconstruction of a school destroyed in a plane crash in Parañaque City last December 10.
+New business centers in Metro Manila and key provincial centers will continue to grow up to 2015 as a result of the rapid and sustained growth of the outsourcing and call center industry, according to reports by Jones Lang LaSalle Leechiu (JLLL), the largest international property services firm in the Philippines.
-A news release posted on the Official Gazette website said the amount will cover the reconstruction of 80 classrooms in the F. Serrano Elementary School.
+Phillip Anonuevo, JLLL associate director, said that from two dominant business districts at the end of the 20th century, there are now at least 10 in Metro Manila and 10 more emerging in key Philippine cities – most of them fuelled by the outsourcing and call center industry which was valued as a US$ 9-billion industry in 2010.
-“A thorough evaluation by the DepEd found irreparable damage to the building, which then had to be completely demolished. Given that, we need to quickly allocate funding toward the reconstruction of the whole school. We are now fast-tracking the release of funds to begin the construction as soon as possible,” DBM Secretary Florencio Abad said.
+JLLL represents 10 of the 12 top outsourcing and call center companies operating in the Philippines. It has also handled 90 percent of outsourcing and call center lease transactions in key provincial cities from Baguio to Davao City.
-He said the program will be charged against the 2011 Calamity Fund, since the Quick Response Fund of the Department of Education is already programmed for the reconstruction and rehabilitation of other projects.
+Anonuevo said that over 50 percent of all office space leased in the Philippines since 2006 has been taken up by key players of this bourgeoning industry which generates demand for an average 300,000 to 360,000 sqm of office space annually.
-The entire school building burned down after a "Queen Air" light cargo plane crashed into a crowded residential area.
+In Metro Manila, the fastest growing business district is Bonifacio Global City where JLLL was actively involved in 92 percent of leasing transactions.
-At least 13 people were killed in the incident.
+“Its proximity to Makati and accessibility to most of the labor pools of Metro Manila has fuelled the rapid growth of BGC,” said Anonuevo.
-Once the reconstruction is completed, Abad said the school should accommodate the school’s 2,652 grade school pupils.
+The company was appointed sole leasing agent by nine building owners in Bonifacio Global City who expect their developments to be completed within the years 2012 and 2013. These developments include the NAC Building to be completed in the third quarter of 2012; and in the fourth quarter, Ecotower, W Fifth Avenue, and W Global Center. In the second quarter of 2013, RSB Corporate Center is set to be finished.
-“We will build enough rooms so the school administration can conduct a single-shift program for its students, instead of putting them on the usual double shift. Once the reconstruction is finished, classes will be back to normal and students can have a school environment more conducive to learning,” he said.
+The attractions of Bonifacio Global City are also shared by the adjoining McKinley Hill development with Megaworld boosting development in the area.
-Meanwhile, Abad announced that the DepEd is closing in on its classroom construction target for this year.
+Being the largest business district, Makati remains an attractive location. At least two prominent office buildings including the SLC Building along Ayala Avenue are set to open in the last two quarters of 2012 and to be leased out by JLLL.
-"We are serious in our bid to have a zero backlog of classrooms by 2013. To be able to do this, the Aquino government has been tapping different approaches in constructing school buildings, including an important collaboration with the League of Cities to fast-track the construction of classrooms,” he said.
+Also filling up quickly with tenants related to the BPO sector are Ecoplaza and Southgate Tower in the Chino Roces Avenue area and which were completed earlier and are also represented by the company.
-He added classroom-construction projects will be included in the Aquino administration’s Public-Private Partnership program to build the required number of classrooms in one year.
+In the last few years, the Bay City area anchored by the Mall of Asia development has likewise emerged as a business destination.
+Anonuevo said the success of the E-com center dispelled all misconceptions about the area.
+“Bay City has become accessible to public transportation and call centers and other firms located there easily attract employees from '''Paranaque''' and Las Pinas and even parts of Cavite.”
+JLLL is leasing out Aseana One on Bradco Avenue which is set for completion in the second quarter of 2012.
+Pockets of Quezon City – like the UP Ayala Technohub developed by Ayala Land, Eton’s Centris development, and The Gateway Tower in Cubao – likewise continue to evolve as their respective skylines change with the addition of new office towers occupied by employees of outsourcing and call center firms.
+The same is true with pockets of Muntinlupa including the Madrigal Business Park where Kingston Tower is located. Meanwhile, Anonuevo disclosed that the company continues to actively network with its offices in a number of locations in the US and Europe to attract companies to do business in Metro Manila as well as provincial capitals.
+“Many top BPO corporations have expanded beyond Metro Manila to cities like Baguio, Sta. Rosa in Laguna, Lipa in Batangas, Iloilo, Dumaguete and Davao seeking to tap the services of fresh labor pools. As far as we can see, the industry will continue to provide impetus to the office sector and other related sectors up to 2015,” he said.
 ==Your Story about Parañaque City, Philippines==