In Q1 2022, the Philippine economy grew 8.3%, a reversal from the 3.8% contraction posted a year ago. This makes the Philippines the fastest-growing economy in the East Asian region during the period. Colliers believes that this level of economic output sets the stage for accelerated GDP growth beyond 2022.

This week, Colliers Research provides insights on three India-based BPO firms expressing interest in setting up operations in Davao City and why this can potentially further boost the city’s office market, and Sonora Garden Residences – a three-tower condo development of Robinsons Land and DMCI Homes – reaching 60% completion as of March 2022.

This week, Colliers Research provides insights on local business groups urging the incoming new administration to continue the policies of President Duterte to attract more foreign investment and sustain economic group; and Blackstone Group subsidiary Mphasis Corp. planning to establish BPO operations in the Philippines, which can potentially create between 1,500 and 2,000 call center jobs.

This week, Colliers Research provides insights on Eton Properties’ plan to expand its commercial and residential portfolio this year, and the results of an IBPAP survey showing that majority of IT-BPM employees prefer hybrid work model.