Felcris Centrale in Davao City to rise in 2013!

Last September 19, the ground breaking ceremony for Felcris Centrale along Quimpo Boulevard in barangay Bucana was held.

Felcris Centrale is a mall, BPO, Hotel and residential complex which is set to open in the third quarter of 2013. This is another additional mall and investment growth for Davao City.

Covering more than 54,000 square meters of floor area, Felcris Centrale will feature a 12-storey commercial complex with a 10-floor office space and a two-level retail and entertainment center complete with supermarket, boutiques, restaurants, and specialty shops. It will also feature a new mall which offers an exciting and eccentric mix of shops and restaurants that is complemented by a fully-landscaped activity and entertainment area.

Davao City ranked first in a list of 10 “Next Wave Cities” for the BPO industry!

A report by the Business Processing Association of the Philippines (BPAP) showed Davao City ranked first in a list of 10 “Next Wave Cities” for the BPO industry, followed by Sta. Rosa, Laguna.

Davao City was number one in terms of talent availability, infrastructure and cost. Davao has a workforce of 400,000 and about 13,000 new graduates are added every year. In 2010, its IT-BPO sector employed over 7,500 people, and data shows it can grow to 26,000 full-time employees.

Another advantage of Davao is its low wages. The report noted the non-agriculture minimum wage in Davao is P5,390 a month, 8% lower than Metro Cebu and 36% lower than in Metro Manila.

However, IT-BPO locators may face challenges, such as the lack of qualified talent for senior and management positions in the city, as well as the peace and order situation in Mindanao. But the looming power crisis in Mindanao may be the biggest challenge yet for companies.

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