Philippines Digest: Office space in Metro Manila, Maya Kitchen workshop series, and more
September 12, 2011 by Egi SEPTIADI
Here are some interesting startup news from around Philippines, not only in its capital, Manila, but also other startup hubs such as Cebu, General Santos City, Pasay, Quezon City, and many more.
(1) In Metro Manila, the demand for office space developments, along with residential condominiums will continue to grow through the year 2015, according to Jones Lang Lasalle Leechiu (JLLL), a global real estate services firm.
(2) The Maya Kitchen presents Bravo! Ristorante Italiano this September with its Lifestyle Essentials Series and workshops. The restaurant concept was developed by Italian entrepreneur and food connoisseur Antonio Reina.
(3) Agriculture has always been one of the strongest industries that drive the country’s economy. However, there are less and less Filipinos who see agriculture as a business opportunity. To encourage more businesses to enter agriculture, the Department of Agriculture launched a new scheme that will provide farmers with farm machines and equipment. The scheme also reduces the equity of farmers’ cooperatives and irrigators’ associations to only 15 percent.
(4) Luxury real estate developer Shang Properties, the property development arm of the Kuok Group in the Philippines, will spend over P12 billions (US$280 millions) on its current One Shangri-La Place retail and residential project in Ortigas Center.
(5) The Bureau of Internal Revenue (BIR) is extending the filing deadline for building owners from 1st September to 2nd November to make sure that all their tenants as of July 31 are BIR-registered taxpayers.
(6) The Philippines has entered into 1,600 international agreements since 1946 and the Department of Foreign Affairs is now putting them online. Various sectors—from entrepreneurs to farmers and students—can benefit from the agreements on investment, countryside development and educational programs with foreign countries and institutions, the DFA said in a statement.
We thank nordicfactory for the flag image.
Find out more about SGE’s research arm: SGE Insights, providing customized in-depth research reports to help you navigate the business of technology in Asia.
About The Author
Egi SEPTIADI - SGE Alumnus - Intern
Egi is currently pursuing Chemistry at the Nanyang Technological University in Singapore. While not mixing compounds in the lab, the Indonesian is always on the hunt for recommended "makan" (Malay for "eat") places for local food. But the true blue foodie admits that "as long as the food tastes good, he'll go for it".Read other posts by Egi SEPTIADI