By: Eden Lorren Pabalan
Subic Bay, Philippines is flanked on the east side by the mountains
of Zambales and surrounded by the bay and the South China Sea on the
western end. It is known for its beaches and natural beauty. Subic has
also been a gateway for transporting goods through its ports and a hot
diving spot in the Philippines. Despite the nature-friendly features of
this paradise, technology has also improve the standards of this
community. Real estate and BPO companies doing business in the
Philippines are fast-rising in the province.
SCTEx
(Subic Clark Tarlac Expressway) is one of the leading avenues for the
progress of Olongapo, specifically Tarlac. It is a 94-kilometer four
lane expressway which actually costs P36 billion pesos and helped bridge
the three cities which is Tarlac, Subic, and Clark.
Investments in office space and residential infrastructure are also growing in
Subic. Subic Bay Gateway Park is a commercial hub which is home to
mostly Taiwanese companies doing business in the Philippines. It offers
around 300 hectares of prime industrial land. Meanwhile, top real estate
developers are also starting to invest in the area.
Ayala
Land Inc. has signed a 50-year lease with the government in developing a
7.5 hectare potential commercial hub along Rizal Highway within the
Subic Bay Freeport. An estimated P3 billion pesos are on the gamble for
this investment in this venture. The proposed plan for the vicinity is
to establish a shopping mall, hotel, and a Business Process
Outsourcing building. BPO companies continue to set up their
businesses in the area.
PLDT Corporation is also eyeing Subic
as a BPO hotspot in the Philippines. They already inked a 17 hectare
development project with Subic Bay Metropolitan Authority and
prioritizes it as an ICT hub to bring the freeport to the frontline of
ICT infrastructure development in the country. Other call center
companies are already open for business in the area such as Sutherland
Call Center, an American Call Center company, and TeleTech has also
expanded business to Clark.
According to Gregory Kittelson of Kittelson and Carpo Consulting, a Makati-based
firm, "We are now seeing more interest from foreign investors in Subic.
Each year we place more and more of our clients in Subic involved in
outsourcing, shipping, importing and exporting goods and services."
The growing BPO business in Central Luzon is continually creating jobs
and growth for Filipinos. Subic will soon be known not only as a beach
and diving paradise, but also as a busy and prosperous economic zone in
the country.
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