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OUTSIDE of Metro Manila, Cebu has remained the top choice of outsourcing firms and multinational companies, capturing more than 50 percent of the total transactions recorded in 2023. Of the 208,800 square meters of office transactions recorded outside of Metro Manila, Cebu accounted for 112,900 square meters of deals or 54 percent of total transactions, according to Colliers Philippines’ recent market report. Outsourcing firms dominated, covering nearly 75 percent of total deals in Cebu. Among the notable transactions included spaces occupied by Concentrix, OfficePartners 360, Avant, TOA Global and Optum. These firms took up spaces at the Cebu IT Park (CITP).In 2023, Colliers recorded the delivery of 60,200 square meters of new office space with the completion of Johndorf Tower at the Cebu Business Park (CBP), Faustina Center at the CBP Fringe and Skyrise 3B at the CITP.This year, Colliers projects the delivery of 107,900 square meters of new office space. Among the buildings due to be completed in 2024 are Astra Corporate Center, Excelsior Corporate Tower, Filinvest Cebu Cyberzone Tower 3, Grand Tower Cebu Condo Office, Il Corso, Mahi, Patria de Cebu and Northwing Tower 1. From 2024 to 2026, there will be an annual delivery of about 73,500 square meters of new office space at the CITP and at the reclamation area cornering a combined 58 percent of the new supply.In terms of vacancy rates, Cebu experienced a slight improvement, dropping to 20.4 percent from the 21.7 percent recorded in 2022. This decrease can be attributed to the ongoing trend of demand outpacing new supply in the market.However, in 2024, vacancy is expected to rise to 21.3 percent, given the delivery of 107,900 square meters of new office space.Dom Fredrick Andaya, head of Tenant Representation/Office Services department for Colliers International Philippines, believes that shared services, healthcare companies and other multinational firms are likely to occupy these new office spaces.In terms of space take-up, Cebu logged 65,800 square meters in 2023, down from 109,200 square meters in 2022. In 2024, net absorption is expected to reach 72,000 square meters. Andaya said they expect greater absorption of office space from third-party outsourcing and shared services firms looking to set up and expand their operations.Flexible workspaceMoreover, in 2023, flexible workspace vacancy in Metro Cebu dropped to 20 percent, significantly lower than the 27 percent vacancy posted in 2022. Flexible workspace operators such as BPO Seats, Avant Offices and Regus have capitalized on the demand for flexible workspaces by adding new sites to their portfolio. Profiles of notable flexible workspace occupiers include multinational companies, contact centers, accounting and financial services firms.“With the market’s increased preference for non-traditional leases in Metro Cebu, Colliers encourages landlords to seize this opportunity by incorporating flexible workspaces in their leases. Landlords may also look into joint venture agreements with serviced office providers,” said Andaya. / KOC Where was the first Women's World Cup? Philippines PRESTIGE Warehousing and Logistics (PWL) and JBY Equipment and Impex Logistics Inc. both signed contracts with Aboitiz InfraCapital Economic Estates to expand their operations in the West Cebu Estate in Balamban, Cebu. Their presence is said to ensure efficiency and convenience for manufacturing companies operating within the economic hub.PWL president Merlina Cayanong and Joseph Beltram Ybanez, president of JBY Equipment and Impex Logistics Inc., see their expansions as catalysts for creating new job opportunities within the surrounding communities. “Choosing West Cebu Estate was a strategic decision for JBY Equipment and Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital support system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” said Ybanez in a statement.According to Aboitiz InfraCapital Economic Estates, the industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market. Various entities have already secured their land parcels, and with construction nearing its final stages, the company anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.West Cebu Estate is a 540-hectare mixed-use development in the midwestern town of Balamban in Cebu’s third district that was first incorporated in 1992.“Shipbuilding capital”It is anchored by the 283-hectare Philippine Economic Zone Authority-registered zone tagged as the “Shipbuilding Capital of the Philippines.” Hosting 11 locators from medium to heavy industries, the township has complementary residential, commercial and industrial components, and offers future development areas for commercial centers, dormitories and residential communities. Earlier this year, West Cebu Estate embarked on a 39-hectare industrial expansion, supported by an P800 million investment. This strategic initiative, expected to create 14,000 new jobs, signifies the evolution of the estate from a primary shipbuilding hub to an industrial estate catering to a wider array of industries, including automotive, electronics, manufacturing and logistics.In addition to the industrial expansion, West Cebu Estate is developing a 3.3-hectare central business district (CBD) within the economic estate, slated for launch in 2025. This CBD will encompass commercial lots for sale, food outlets, retail shops, essential services, a supermarket and a transportation hub.West Cebu Estate is operated and developed by Cebu Industrial Park Developers Inc., a joint venture project of Aboitiz InfraCapital with Tsuneishi Holdings of Japan. (KOC)

PRESTIGE Warehousing and Logistics (PWL) and JBY Equipment and Impex Logistics Inc. both signed contracts with Aboitiz InfraCapital Economic Estates to expand their operations in the West Cebu Estate in Balamban, Cebu. Their presence is said to ensure efficiency and convenience for manufacturing companies operating within the economic hub.PWL president Merlina Cayanong and Joseph Beltram Ybanez, president of JBY Equipment and Impex Logistics Inc., see their expansions as catalysts for creating new job opportunities within the surrounding communities. “Choosing West Cebu Estate was a strategic decision for JBY Equipment and Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital support system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” said Ybanez in a statement.According to Aboitiz InfraCapital Economic Estates, the industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market. Various entities have already secured their land parcels, and with construction nearing its final stages, the company anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.West Cebu Estate is a 540-hectare mixed-use development in the midwestern town of Balamban in Cebu’s third district that was first incorporated in 1992.“Shipbuilding capital”It is anchored by the 283-hectare Philippine Economic Zone Authority-registered zone tagged as the “Shipbuilding Capital of the Philippines.” Hosting 11 locators from medium to heavy industries, the township has complementary residential, commercial and industrial components, and offers future development areas for commercial centers, dormitories and residential communities. Earlier this year, West Cebu Estate embarked on a 39-hectare industrial expansion, supported by an P800 million investment. This strategic initiative, expected to create 14,000 new jobs, signifies the evolution of the estate from a primary shipbuilding hub to an industrial estate catering to a wider array of industries, including automotive, electronics, manufacturing and logistics.In addition to the industrial expansion, West Cebu Estate is developing a 3.3-hectare central business district (CBD) within the economic estate, slated for launch in 2025. This CBD will encompass commercial lots for sale, food outlets, retail shops, essential services, a supermarket and a transportation hub.West Cebu Estate is operated and developed by Cebu Industrial Park Developers Inc., a joint venture project of Aboitiz InfraCapital with Tsuneishi Holdings of Japan. (KOC) The Best Online Tennis THE House of Representatives has adopted a resolution denouncing the “confrontational stance” being staged by the Senate against them amid its ongoing investigation on the People’s Initiative for Charter change (cha-cha).On Monday, February 5, 2024, at least 286 lawmakers from the House voted in favor of adopting House Resolution 1562, to show “unwavering solidarity” to the leadership of House Speaker Martin Romualdez “in the face of intense assault from the Senate in violation of the principle of inter-parliamentary courtesy and undue interference in the performance of its legislative and constituent functions.”"Resolved, furthermore, that this resolution be a formal denunciation of the confrontational tactics used by the Senate, which are detrimental to the spirit of cooperative governance and the public's confidence in parliamentary processes," stated the House Resolution 1562.“While taking criticisms is part and parcel of a healthy and working democracy, the House takes exception to the recent statements and allegations made by the Senate that undermine the independence, reputation and integrity of the House of Representatives and the leadership of the Speaker,” it added.In a plenary session, several political party leaders in the chamber, including Lakas-CMD’s North Cotabato Representative Ma. Alana Samantha Santos, Surigao del Norte Representative Robert Ace Barbers of the Nacionalista Party (NP), Camarines Sur Representative LRay Villafuerte of the National Unity Party (NUP), San Jose del Monte City Representative Rida Robes of the Partido Federal ng Pilipinas (PFP), Palawan Representative Jose "Pepito" Alvarez of the Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban), Camarines Sur Representative Gabriel Bordado Jr. of the Liberal Party (LP), TGP Partylist Representative Jose "Bong" Teves Jr. of the Partylist Coalition Foundation Inc. (PCFI), Pangasinan Representative Mark Cojuangco, and Rizal Representative Jack Duavit of the Nationalist People's Coalition (NPC) delivered their respective speeches to support the resolution and to defend the honor of the institution.Santos said that while taking criticism and engaging in constructive debate are part of democracy, the allegations leveled by the Senate not only challenge the integrity of the institution but also erode public confidence in our parliamentary processes. “Such confrontational tactics are counterproductive to the spirit of cooperative governance,” she said."Speaker Romualdez has exemplified leadership by guiding us in upholding the dignity and honor of our House…It is our duty as representatives of the people to stand united in rejecting these unfounded accusations and to commit ourselves to defend the dignity and integrity of our institution," she added.Villafuerte said the actions of the upper chamber of Congress not only compromise the decorum expected between co-equal branches of government but also impinge upon the honor and autonomy of the House. "We vehemently object to the Senate's contentious methods, which undermine not only the cooperative ethos essential for effective governance but also erode the trust of our citizenry in the democratic process. We advocate for a restoration of dignified discourse and a recommitment to the principles of inter legislative respect, ensuring collaborative and harmonious functioning of both legislative bodies for the greater good of our nation," he said.In response, Senate President Juan Miguel Zubiri denied staging an “intense assault” against anyone.“It is unfortunate that it had to come down to this... I have not said derogatory things about any member of the House of Representatives. All my privilege speeches and statements…have been about the institution, about the bicameral nature of Congress, about checks and balances. I am not targeting any personality,” he said.“They felt assaulted, how? If the [Senate] Committee on Electoral Reforms is just performing its duties, they’re dealing with facts. The facts have been coming out, whether it is for or against the topic at hand. As far as we are concerned, we're back to work,” Zubiri said.He said his office is always open to talk to the House of Representatives.Senator Jinggoy Estrada expressed belief that the House resolution is an “affront” to the Senate, maintaining that they did not violate inter parliamentary courtesy.He also offered himself to make representations with the House of Representatives in order to settle the differences between the two chambers of Congress.Other senators also took exception of the actions of the House of Representatives Senate Committee on Electoral Reforms chaired by Senator Imee Marcos launched last week its inquiry into the alleged irregularities in the People’s Initiative (PI), which seeks to amend the 1987 Constitution such as the gathering of signatures for PI; transparency, integrity, and accountability in constitutional initiatives; and the need to assess the effectiveness in empowering citizens to propose constitutional changes under Republic Act 6735, or the Act Providing for a System of Initiative and Referendum and Appropriating Funds.Imee Marcos urges PBBM to have a clear stand, halt PIMarcos earlier said that she is certain that Romualdez, her cousin, is behind the push for PI for Cha-cha and that he even granted P20 million reward per legislative district in exchange of signatures.Romualdez vehemently denied the accusations linking him to PI but People’s Initiative for Modernization and Reform Action (Pirma) lead convenor Noel Oñate admitted during a hearing that Romualdez supported to boost the signature drive.Marcos: Admin reviewing other modes to amend ConstitutionOn January 23, the Senate unanimously signed a manifesto rejecting the PI for Cha-cha, which the chamber tagged as a “brazen attempt to violate the Constitution, the country and our people.”It noted that the Senate, which has 24 members, will be outnumbered and cannot cast any meaningful vote against the House of Representatives, which has 316 members. (TPM/SunStar Philippines)

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THE House of Representatives has adopted a resolution denouncing the “confrontational stance” being staged by the Senate against them amid its ongoing investigation on the People’s Initiative for Charter change (cha-cha).On Monday, February 5, 2024, at least 286 lawmakers from the House voted in favor of adopting House Resolution 1562, to show “unwavering solidarity” to the leadership of House Speaker Martin Romualdez “in the face of intense assault from the Senate in violation of the principle of inter-parliamentary courtesy and undue interference in the performance of its legislative and constituent functions.”"Resolved, furthermore, that this resolution be a formal denunciation of the confrontational tactics used by the Senate, which are detrimental to the spirit of cooperative governance and the public's confidence in parliamentary processes," stated the House Resolution 1562.“While taking criticisms is part and parcel of a healthy and working democracy, the House takes exception to the recent statements and allegations made by the Senate that undermine the independence, reputation and integrity of the House of Representatives and the leadership of the Speaker,” it added.In a plenary session, several political party leaders in the chamber, including Lakas-CMD’s North Cotabato Representative Ma. Alana Samantha Santos, Surigao del Norte Representative Robert Ace Barbers of the Nacionalista Party (NP), Camarines Sur Representative LRay Villafuerte of the National Unity Party (NUP), San Jose del Monte City Representative Rida Robes of the Partido Federal ng Pilipinas (PFP), Palawan Representative Jose "Pepito" Alvarez of the Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban), Camarines Sur Representative Gabriel Bordado Jr. of the Liberal Party (LP), TGP Partylist Representative Jose "Bong" Teves Jr. of the Partylist Coalition Foundation Inc. (PCFI), Pangasinan Representative Mark Cojuangco, and Rizal Representative Jack Duavit of the Nationalist People's Coalition (NPC) delivered their respective speeches to support the resolution and to defend the honor of the institution.Santos said that while taking criticism and engaging in constructive debate are part of democracy, the allegations leveled by the Senate not only challenge the integrity of the institution but also erode public confidence in our parliamentary processes. “Such confrontational tactics are counterproductive to the spirit of cooperative governance,” she said."Speaker Romualdez has exemplified leadership by guiding us in upholding the dignity and honor of our House…It is our duty as representatives of the people to stand united in rejecting these unfounded accusations and to commit ourselves to defend the dignity and integrity of our institution," she added.Villafuerte said the actions of the upper chamber of Congress not only compromise the decorum expected between co-equal branches of government but also impinge upon the honor and autonomy of the House. "We vehemently object to the Senate's contentious methods, which undermine not only the cooperative ethos essential for effective governance but also erode the trust of our citizenry in the democratic process. We advocate for a restoration of dignified discourse and a recommitment to the principles of inter legislative respect, ensuring collaborative and harmonious functioning of both legislative bodies for the greater good of our nation," he said.In response, Senate President Juan Miguel Zubiri denied staging an “intense assault” against anyone.“It is unfortunate that it had to come down to this... I have not said derogatory things about any member of the House of Representatives. All my privilege speeches and statements…have been about the institution, about the bicameral nature of Congress, about checks and balances. I am not targeting any personality,” he said.“They felt assaulted, how? If the [Senate] Committee on Electoral Reforms is just performing its duties, they’re dealing with facts. The facts have been coming out, whether it is for or against the topic at hand. As far as we are concerned, we're back to work,” Zubiri said.He said his office is always open to talk to the House of Representatives.Senator Jinggoy Estrada expressed belief that the House resolution is an “affront” to the Senate, maintaining that they did not violate inter parliamentary courtesy.He also offered himself to make representations with the House of Representatives in order to settle the differences between the two chambers of Congress.Other senators also took exception of the actions of the House of Representatives Senate Committee on Electoral Reforms chaired by Senator Imee Marcos launched last week its inquiry into the alleged irregularities in the People’s Initiative (PI), which seeks to amend the 1987 Constitution such as the gathering of signatures for PI; transparency, integrity, and accountability in constitutional initiatives; and the need to assess the effectiveness in empowering citizens to propose constitutional changes under Republic Act 6735, or the Act Providing for a System of Initiative and Referendum and Appropriating Funds.Imee Marcos urges PBBM to have a clear stand, halt PIMarcos earlier said that she is certain that Romualdez, her cousin, is behind the push for PI for Cha-cha and that he even granted P20 million reward per legislative district in exchange of signatures.Romualdez vehemently denied the accusations linking him to PI but People’s Initiative for Modernization and Reform Action (Pirma) lead convenor Noel Oñate admitted during a hearing that Romualdez supported to boost the signature drive.Marcos: Admin reviewing other modes to amend ConstitutionOn January 23, the Senate unanimously signed a manifesto rejecting the PI for Cha-cha, which the chamber tagged as a “brazen attempt to violate the Constitution, the country and our people.”It noted that the Senate, which has 24 members, will be outnumbered and cannot cast any meaningful vote against the House of Representatives, which has 316 members. (TPM/SunStar Philippines) The Best Online Tennis OUTSIDE of Metro Manila, Cebu has remained the top choice of outsourcing firms and multinational companies, capturing more than 50 percent of the total transactions recorded in 2023. Of the 208,800 square meters of office transactions recorded outside of Metro Manila, Cebu accounted for 112,900 square meters of deals or 54 percent of total transactions, according to Colliers Philippines’ recent market report. Outsourcing firms dominated, covering nearly 75 percent of total deals in Cebu. Among the notable transactions included spaces occupied by Concentrix, OfficePartners 360, Avant, TOA Global and Optum. These firms took up spaces at the Cebu IT Park (CITP).In 2023, Colliers recorded the delivery of 60,200 square meters of new office space with the completion of Johndorf Tower at the Cebu Business Park (CBP), Faustina Center at the CBP Fringe and Skyrise 3B at the CITP.This year, Colliers projects the delivery of 107,900 square meters of new office space. Among the buildings due to be completed in 2024 are Astra Corporate Center, Excelsior Corporate Tower, Filinvest Cebu Cyberzone Tower 3, Grand Tower Cebu Condo Office, Il Corso, Mahi, Patria de Cebu and Northwing Tower 1. From 2024 to 2026, there will be an annual delivery of about 73,500 square meters of new office space at the CITP and at the reclamation area cornering a combined 58 percent of the new supply.In terms of vacancy rates, Cebu experienced a slight improvement, dropping to 20.4 percent from the 21.7 percent recorded in 2022. This decrease can be attributed to the ongoing trend of demand outpacing new supply in the market.However, in 2024, vacancy is expected to rise to 21.3 percent, given the delivery of 107,900 square meters of new office space.Dom Fredrick Andaya, head of Tenant Representation/Office Services department for Colliers International Philippines, believes that shared services, healthcare companies and other multinational firms are likely to occupy these new office spaces.In terms of space take-up, Cebu logged 65,800 square meters in 2023, down from 109,200 square meters in 2022. In 2024, net absorption is expected to reach 72,000 square meters. Andaya said they expect greater absorption of office space from third-party outsourcing and shared services firms looking to set up and expand their operations.Flexible workspaceMoreover, in 2023, flexible workspace vacancy in Metro Cebu dropped to 20 percent, significantly lower than the 27 percent vacancy posted in 2022. Flexible workspace operators such as BPO Seats, Avant Offices and Regus have capitalized on the demand for flexible workspaces by adding new sites to their portfolio. Profiles of notable flexible workspace occupiers include multinational companies, contact centers, accounting and financial services firms.“With the market’s increased preference for non-traditional leases in Metro Cebu, Colliers encourages landlords to seize this opportunity by incorporating flexible workspaces in their leases. Landlords may also look into joint venture agreements with serviced office providers,” said Andaya. / KOC

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OUTSIDE of Metro Manila, Cebu has remained the top choice of outsourcing firms and multinational companies, capturing more than 50 percent of the total transactions recorded in 2023. Of the 208,800 square meters of office transactions recorded outside of Metro Manila, Cebu accounted for 112,900 square meters of deals or 54 percent of total transactions, according to Colliers Philippines’ recent market report. Outsourcing firms dominated, covering nearly 75 percent of total deals in Cebu. Among the notable transactions included spaces occupied by Concentrix, OfficePartners 360, Avant, TOA Global and Optum. These firms took up spaces at the Cebu IT Park (CITP).In 2023, Colliers recorded the delivery of 60,200 square meters of new office space with the completion of Johndorf Tower at the Cebu Business Park (CBP), Faustina Center at the CBP Fringe and Skyrise 3B at the CITP.This year, Colliers projects the delivery of 107,900 square meters of new office space. Among the buildings due to be completed in 2024 are Astra Corporate Center, Excelsior Corporate Tower, Filinvest Cebu Cyberzone Tower 3, Grand Tower Cebu Condo Office, Il Corso, Mahi, Patria de Cebu and Northwing Tower 1. From 2024 to 2026, there will be an annual delivery of about 73,500 square meters of new office space at the CITP and at the reclamation area cornering a combined 58 percent of the new supply.In terms of vacancy rates, Cebu experienced a slight improvement, dropping to 20.4 percent from the 21.7 percent recorded in 2022. This decrease can be attributed to the ongoing trend of demand outpacing new supply in the market.However, in 2024, vacancy is expected to rise to 21.3 percent, given the delivery of 107,900 square meters of new office space.Dom Fredrick Andaya, head of Tenant Representation/Office Services department for Colliers International Philippines, believes that shared services, healthcare companies and other multinational firms are likely to occupy these new office spaces.In terms of space take-up, Cebu logged 65,800 square meters in 2023, down from 109,200 square meters in 2022. In 2024, net absorption is expected to reach 72,000 square meters. Andaya said they expect greater absorption of office space from third-party outsourcing and shared services firms looking to set up and expand their operations.Flexible workspaceMoreover, in 2023, flexible workspace vacancy in Metro Cebu dropped to 20 percent, significantly lower than the 27 percent vacancy posted in 2022. Flexible workspace operators such as BPO Seats, Avant Offices and Regus have capitalized on the demand for flexible workspaces by adding new sites to their portfolio. Profiles of notable flexible workspace occupiers include multinational companies, contact centers, accounting and financial services firms.“With the market’s increased preference for non-traditional leases in Metro Cebu, Colliers encourages landlords to seize this opportunity by incorporating flexible workspaces in their leases. Landlords may also look into joint venture agreements with serviced office providers,” said Andaya. / KOC, check the following table to see what categories most online casinos in the Philippines fit in.

PRESTIGE Warehousing and Logistics (PWL) and JBY Equipment and Impex Logistics Inc. both signed contracts with Aboitiz InfraCapital Economic Estates to expand their operations in the West Cebu Estate in Balamban, Cebu. Their presence is said to ensure efficiency and convenience for manufacturing companies operating within the economic hub.PWL president Merlina Cayanong and Joseph Beltram Ybanez, president of JBY Equipment and Impex Logistics Inc., see their expansions as catalysts for creating new job opportunities within the surrounding communities. “Choosing West Cebu Estate was a strategic decision for JBY Equipment and Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital support system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” said Ybanez in a statement.According to Aboitiz InfraCapital Economic Estates, the industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market. Various entities have already secured their land parcels, and with construction nearing its final stages, the company anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.West Cebu Estate is a 540-hectare mixed-use development in the midwestern town of Balamban in Cebu’s third district that was first incorporated in 1992.“Shipbuilding capital”It is anchored by the 283-hectare Philippine Economic Zone Authority-registered zone tagged as the “Shipbuilding Capital of the Philippines.” Hosting 11 locators from medium to heavy industries, the township has complementary residential, commercial and industrial components, and offers future development areas for commercial centers, dormitories and residential communities. Earlier this year, West Cebu Estate embarked on a 39-hectare industrial expansion, supported by an P800 million investment. This strategic initiative, expected to create 14,000 new jobs, signifies the evolution of the estate from a primary shipbuilding hub to an industrial estate catering to a wider array of industries, including automotive, electronics, manufacturing and logistics.In addition to the industrial expansion, West Cebu Estate is developing a 3.3-hectare central business district (CBD) within the economic estate, slated for launch in 2025. This CBD will encompass commercial lots for sale, food outlets, retail shops, essential services, a supermarket and a transportation hub.West Cebu Estate is operated and developed by Cebu Industrial Park Developers Inc., a joint venture project of Aboitiz InfraCapital with Tsuneishi Holdings of Japan. (KOC) Where was the first Women's World Cup? . TALA888 Games Cebuano ✔️ Safe & Secure Online Casinos in PH ✔️ 100+ Expert Casino Game Reviews ▷ Take Your Pick from the Top Player! here is how to register at an online casino site in the Philippines:

OUTSIDE of Metro Manila, Cebu has remained the top choice of outsourcing firms and multinational companies, capturing more than 50 percent of the total transactions recorded in 2023. Of the 208,800 square meters of office transactions recorded outside of Metro Manila, Cebu accounted for 112,900 square meters of deals or 54 percent of total transactions, according to Colliers Philippines’ recent market report. Outsourcing firms dominated, covering nearly 75 percent of total deals in Cebu. Among the notable transactions included spaces occupied by Concentrix, OfficePartners 360, Avant, TOA Global and Optum. These firms took up spaces at the Cebu IT Park (CITP).In 2023, Colliers recorded the delivery of 60,200 square meters of new office space with the completion of Johndorf Tower at the Cebu Business Park (CBP), Faustina Center at the CBP Fringe and Skyrise 3B at the CITP.This year, Colliers projects the delivery of 107,900 square meters of new office space. Among the buildings due to be completed in 2024 are Astra Corporate Center, Excelsior Corporate Tower, Filinvest Cebu Cyberzone Tower 3, Grand Tower Cebu Condo Office, Il Corso, Mahi, Patria de Cebu and Northwing Tower 1. From 2024 to 2026, there will be an annual delivery of about 73,500 square meters of new office space at the CITP and at the reclamation area cornering a combined 58 percent of the new supply.In terms of vacancy rates, Cebu experienced a slight improvement, dropping to 20.4 percent from the 21.7 percent recorded in 2022. This decrease can be attributed to the ongoing trend of demand outpacing new supply in the market.However, in 2024, vacancy is expected to rise to 21.3 percent, given the delivery of 107,900 square meters of new office space.Dom Fredrick Andaya, head of Tenant Representation/Office Services department for Colliers International Philippines, believes that shared services, healthcare companies and other multinational firms are likely to occupy these new office spaces.In terms of space take-up, Cebu logged 65,800 square meters in 2023, down from 109,200 square meters in 2022. In 2024, net absorption is expected to reach 72,000 square meters. Andaya said they expect greater absorption of office space from third-party outsourcing and shared services firms looking to set up and expand their operations.Flexible workspaceMoreover, in 2023, flexible workspace vacancy in Metro Cebu dropped to 20 percent, significantly lower than the 27 percent vacancy posted in 2022. Flexible workspace operators such as BPO Seats, Avant Offices and Regus have capitalized on the demand for flexible workspaces by adding new sites to their portfolio. Profiles of notable flexible workspace occupiers include multinational companies, contact centers, accounting and financial services firms.“With the market’s increased preference for non-traditional leases in Metro Cebu, Colliers encourages landlords to seize this opportunity by incorporating flexible workspaces in their leases. Landlords may also look into joint venture agreements with serviced office providers,” said Andaya. / KOC The Best Online Tennis . It’s always a good idea to take your time and make sure you’ve found the best online casino in the Philippines on the online gambling market that can give you what you want.

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PRESTIGE Warehousing and Logistics (PWL) and JBY Equipment and Impex Logistics Inc. both signed contracts with Aboitiz InfraCapital Economic Estates to expand their operations in the West Cebu Estate in Balamban, Cebu. Their presence is said to ensure efficiency and convenience for manufacturing companies operating within the economic hub.PWL president Merlina Cayanong and Joseph Beltram Ybanez, president of JBY Equipment and Impex Logistics Inc., see their expansions as catalysts for creating new job opportunities within the surrounding communities. “Choosing West Cebu Estate was a strategic decision for JBY Equipment and Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital support system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” said Ybanez in a statement.According to Aboitiz InfraCapital Economic Estates, the industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market. Various entities have already secured their land parcels, and with construction nearing its final stages, the company anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.West Cebu Estate is a 540-hectare mixed-use development in the midwestern town of Balamban in Cebu’s third district that was first incorporated in 1992.“Shipbuilding capital”It is anchored by the 283-hectare Philippine Economic Zone Authority-registered zone tagged as the “Shipbuilding Capital of the Philippines.” Hosting 11 locators from medium to heavy industries, the township has complementary residential, commercial and industrial components, and offers future development areas for commercial centers, dormitories and residential communities. Earlier this year, West Cebu Estate embarked on a 39-hectare industrial expansion, supported by an P800 million investment. This strategic initiative, expected to create 14,000 new jobs, signifies the evolution of the estate from a primary shipbuilding hub to an industrial estate catering to a wider array of industries, including automotive, electronics, manufacturing and logistics.In addition to the industrial expansion, West Cebu Estate is developing a 3.3-hectare central business district (CBD) within the economic estate, slated for launch in 2025. This CBD will encompass commercial lots for sale, food outlets, retail shops, essential services, a supermarket and a transportation hub.West Cebu Estate is operated and developed by Cebu Industrial Park Developers Inc., a joint venture project of Aboitiz InfraCapital with Tsuneishi Holdings of Japan. (KOC) licensed online casinos THE House of Representatives has adopted a resolution denouncing the “confrontational stance” being staged by the Senate against them amid its ongoing investigation on the People’s Initiative for Charter change (cha-cha).On Monday, February 5, 2024, at least 286 lawmakers from the House voted in favor of adopting House Resolution 1562, to show “unwavering solidarity” to the leadership of House Speaker Martin Romualdez “in the face of intense assault from the Senate in violation of the principle of inter-parliamentary courtesy and undue interference in the performance of its legislative and constituent functions.”"Resolved, furthermore, that this resolution be a formal denunciation of the confrontational tactics used by the Senate, which are detrimental to the spirit of cooperative governance and the public's confidence in parliamentary processes," stated the House Resolution 1562.“While taking criticisms is part and parcel of a healthy and working democracy, the House takes exception to the recent statements and allegations made by the Senate that undermine the independence, reputation and integrity of the House of Representatives and the leadership of the Speaker,” it added.In a plenary session, several political party leaders in the chamber, including Lakas-CMD’s North Cotabato Representative Ma. Alana Samantha Santos, Surigao del Norte Representative Robert Ace Barbers of the Nacionalista Party (NP), Camarines Sur Representative LRay Villafuerte of the National Unity Party (NUP), San Jose del Monte City Representative Rida Robes of the Partido Federal ng Pilipinas (PFP), Palawan Representative Jose "Pepito" Alvarez of the Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban), Camarines Sur Representative Gabriel Bordado Jr. of the Liberal Party (LP), TGP Partylist Representative Jose "Bong" Teves Jr. of the Partylist Coalition Foundation Inc. (PCFI), Pangasinan Representative Mark Cojuangco, and Rizal Representative Jack Duavit of the Nationalist People's Coalition (NPC) delivered their respective speeches to support the resolution and to defend the honor of the institution.Santos said that while taking criticism and engaging in constructive debate are part of democracy, the allegations leveled by the Senate not only challenge the integrity of the institution but also erode public confidence in our parliamentary processes. “Such confrontational tactics are counterproductive to the spirit of cooperative governance,” she said."Speaker Romualdez has exemplified leadership by guiding us in upholding the dignity and honor of our House…It is our duty as representatives of the people to stand united in rejecting these unfounded accusations and to commit ourselves to defend the dignity and integrity of our institution," she added.Villafuerte said the actions of the upper chamber of Congress not only compromise the decorum expected between co-equal branches of government but also impinge upon the honor and autonomy of the House. "We vehemently object to the Senate's contentious methods, which undermine not only the cooperative ethos essential for effective governance but also erode the trust of our citizenry in the democratic process. We advocate for a restoration of dignified discourse and a recommitment to the principles of inter legislative respect, ensuring collaborative and harmonious functioning of both legislative bodies for the greater good of our nation," he said.In response, Senate President Juan Miguel Zubiri denied staging an “intense assault” against anyone.“It is unfortunate that it had to come down to this... I have not said derogatory things about any member of the House of Representatives. All my privilege speeches and statements…have been about the institution, about the bicameral nature of Congress, about checks and balances. I am not targeting any personality,” he said.“They felt assaulted, how? If the [Senate] Committee on Electoral Reforms is just performing its duties, they’re dealing with facts. The facts have been coming out, whether it is for or against the topic at hand. As far as we are concerned, we're back to work,” Zubiri said.He said his office is always open to talk to the House of Representatives.Senator Jinggoy Estrada expressed belief that the House resolution is an “affront” to the Senate, maintaining that they did not violate inter parliamentary courtesy.He also offered himself to make representations with the House of Representatives in order to settle the differences between the two chambers of Congress.Other senators also took exception of the actions of the House of Representatives Senate Committee on Electoral Reforms chaired by Senator Imee Marcos launched last week its inquiry into the alleged irregularities in the People’s Initiative (PI), which seeks to amend the 1987 Constitution such as the gathering of signatures for PI; transparency, integrity, and accountability in constitutional initiatives; and the need to assess the effectiveness in empowering citizens to propose constitutional changes under Republic Act 6735, or the Act Providing for a System of Initiative and Referendum and Appropriating Funds.Imee Marcos urges PBBM to have a clear stand, halt PIMarcos earlier said that she is certain that Romualdez, her cousin, is behind the push for PI for Cha-cha and that he even granted P20 million reward per legislative district in exchange of signatures.Romualdez vehemently denied the accusations linking him to PI but People’s Initiative for Modernization and Reform Action (Pirma) lead convenor Noel Oñate admitted during a hearing that Romualdez supported to boost the signature drive.Marcos: Admin reviewing other modes to amend ConstitutionOn January 23, the Senate unanimously signed a manifesto rejecting the PI for Cha-cha, which the chamber tagged as a “brazen attempt to violate the Constitution, the country and our people.”It noted that the Senate, which has 24 members, will be outnumbered and cannot cast any meaningful vote against the House of Representatives, which has 316 members. (TPM/SunStar Philippines)

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