Ideaxa Business Solution Inc.

11/04/2022

10/04/2022

18/03/2019

Best Cities to Start a Business in the Philippines

1. Makati - Dubbed as the “Wall Street” of the Philippines, Makati is considered as the country’s center for business and commerce. At the heart of the city, you’ll observe numbers of young professionals, tourists and foreign nationals walking along the busy and dynamic streets of this economically successful locality.

Residential condominiums and offices of multinational and Filipino companies from several industries occupy the highest buildings and business establishments of the city. This is not only because it is a number one choice as a business location for the most ambitious start-ups today, but because of the place’s record of economic stability – making it a magnet for investors and buyers. The proofs of these are the thousands of business enterprises currently thriving in the city.

Makati has a population of approximately 583,000 and is a friendly and safe city for local and foreign residents who have found the interest and excitement in living the fast-paced life of the metro. Business ideas with huge potentials in this busy metropolis are those that can cater to the needs of an international and culturally diverse market with an always “on the go” lifestyle.

2. Quezon City -Recently recognized as one of the Top Asian Cities of the Future and the Most Business-Friendly Local Government Unit in the country by the Philippine Chamber of Commerce, Quezon City holds bright and optimistic promises for new and seasoned business owners.

The city, with a population of 2.9 million (according to the 2015 census) is an ideal location for young entrepreneurs who want to tap into a variety of demographics. Schools, business centers, and residential establishments can be found in this booming metropolis – providing a huge potential for products and services that offer convenience, fun, and culinary adventures.

Most importantly, the local government’s support to business owners can be seen in the policies that they implement to provide a healthy business environment to entrepreneurs and investors. For instance, aspiring entrepreneurs no longer have to go through the long and tiring process of registering their business and getting permits, thanks to a one-stop shop launched by the local government where owners can easily complete the process in just an hour.

3. Cebu City - The “Queen City of the South” is not just a top tourist destination for foreigners and local travelers, but it is also a prime destination for business. Aside from being one of the country’s biggest trading capitals, it’s an ideal commercial spot that can compete against business centers in Metro Manila – with the major advantage of less hassle from the Philippine capital’s annoying traffic jams.

The city is dotted with several business centers like the Cebu Business Park as well as the city’s famous I.T. Park – a home to several international business outsourcing offices in Asia. Moreover, Cebu City has a lot to offer to both local and international markets, with successful sectors from a variety of industry, thanks to the city’s trading accessibility and lower operating costs.

Cebu Province (composed of different major cities like Cebu City, Lapu-Lapu City, and Mandaue City) is considered as the 5th most populated provinces in the Philippines. Moreover, Cebu City is home to the top universities and colleges of the region, so businesses that can answer to the demands of a younger demographic can fully find their success here. As a top Philippine travel destination, owners of goods and services beneficial to the booming travel industry and growing tourist population can accomplish so much in this wonderful locality.

4. Davao City - Davao is the home city of President Rodrigo “Roa” Duterte, but this is not the reason why this peaceful city made it to this list. Recently, Davao has set a new record for the most number of businesses (40,000 businesses) that brought in a whopping business investment value of PhP 270 million to the city.

Davao earned its title as the safest city in the country, thanks to its local government’s ironclad will to impose policies and ordinances that prioritize the safety of their citizens – and this is the main advantage that also benefits future and present business establishments. Needless to say, stability in both the economic and political sectors is a good factor that easily boosts investor confidence.

Several companies and manufacturers have extended their approval to invest in Mindanao, Davao’s home region, not only because of its rich natural resources but also because of the place’s convenient accessibility to trade and transport.

Agriculture, mining, tourism, fisheries, and its abundance in palm oil make Davao and Mindanao as a whole a promising location for business owners who want to venture into these industries.

Source: Businesstipsph

08/03/2019

10 Things to Watch Out for in Philippine Real Estate in 2019

12/02/2019

8 Reasons for Investing in Bulacan

1. Strategic Location

Bulacan is strategically located about 27.5 kilometers from the financial and industrial center of Metro Manila, lying in the southern part of Central Luzon. It is bounded by the Province of Nueva Ecija, Pampanga in the west and in the eastern side by Aurora.

2. Highly Productive Human Resources

Bulacan's most important resources is its people. Bulakenyo's tradition of meticulous craftsmanship and industry is world-renowned. The Province of Bulacan recorded the highest employment figure in the region for the period of five years.

3. Abundant Natural Resources

Bulacan's agricultural area consists of 35.81% of the total land area while the grassland area consists of 22.6%. Its best use can be found in mixed farming diversified crops, irrigated rice paddy and agro-forestry.

4. Well-Developed Infrastructure Support

Access to and within Bulacan is made possible by an extensive network of national and provincial roads complemented by municipal and barangay roads.

5. Reasonable Cost of Doing Business in Bulacan

The Provincial Government encourages economic growth by providing incentives and initiating policies that encourage more investments. It is creating the proper setting to hasten increased economic activities within its capability, such as through the institution of efficiency and effectiveness in government service, maintenance of peace and order, pollution control, and the provision of infrastructure and utilities.

6. Effective Partnership of Government and Private Sectors for Investments

The province created the Bulacan Investment Incentive Board and the Enterprise Development and Investment Promotion Division (EDIPD) in association with the Department of Trade and Industry, Central Luzon Investment Coordinating Council, the Bulacan Chamber of Commerce and Industry and TEAM Bulacan.

7. Favorable Peace and Order Situation

Bulacan is relatively a peaceful province. Order and discipline are the norm. The crime rate of 3.01 incidents per 100,000 population is much lower than the national average.

Source: Bulacan.gov.ph

23/01/2019

13/11/2018

How will Philippines’s real estate market perform in 2019?

Overall, Philippines’ real estate market looks bright for 2019, especially if we look at places like Metro Manilla. The demand is outpacing the supply in almost all major cities, while the office vacancy rate is less than 5%.

Based on recent figures, as well as previous trends, many believe that Manila might be one of the best locations to invest in real estate in Southeast Asia.

There are few countries in the world that had a growth rate of 6-7% in the last decade. The rapidly growing economy is driving the real estate sector, with increasingly more Chinese investors and companies operating in the Philippines.

We also see an increased purchasing power among locals.

-Asia Property

26/09/2018

Did you know that...

One of the most dynamic and fastest growing sectors in the Philippines is the information technology–business process outsourcing (IT-BPO) industry. The industry is composed of eight sub-sectors, namely, knowledge process outsourcing and back offices, animation, call centers, software development, game development, engineering design, and medical transcription. The IT-BPO industry plays a major role in the country's growth and development.

Enrique M. Soriano III, Ateneo program director for real estate and senior adviser for Wong+Bernstein Business Advisory, says the BPO industry, which has seen impressive growth in the last decade, will continue to fuel the demand for office space and even residential units, while remittances of overseas Filipinos would fuel demand in the low- to mid-range residential market.

He adds that the influx of new companies and the expansion of existing ones have resulted in a much faster take-up of office space in central business districts.
The downside of this flourishing sector, he pointed out, is that “BPOs are large tenants that have more influence. They leverage their bigness by securing better deals, and in the process affect a developer’s profitability. Brokers are naturally part of the equation and will pursue the deal relentlessly. It’s time to expand the office development portfolio customized to local entrepreneurs.”