{"id":42605,"date":"2017-02-02T12:22:12","date_gmt":"2017-02-02T05:22:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-trump-to-blame-for-this-philippine-property-chill\/"},"modified":"2017-02-02T12:29:40","modified_gmt":"2017-02-02T05:29:40","slug":"is-trump-to-blame-for-this-philippine-property-chill","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-trump-to-blame-for-this-philippine-property-chill\/","title":{"rendered":"Is Trump to blame for this Philippine property chill?"},"content":{"rendered":"


\nSigns that \u2018America First\u2019 is putting\u00a0office real estate in the country last
\nAn IT Park in the city of Cebu, Philippines. Kim David\/Shutterstock
\nOnly a week after being sworn into office, US President Donald Trump signed executive orders that impose extreme vetting procedures against citizens of predominantly Muslim nations, begin the dismantling of the Affordable Care Act, and reinstate a ban on American NGOs supporting reproductive rights.
\nNow there are signs that Trump\u2019s protectionist rhetoric is proving to be more than just a hollow threat to the business process outsourcing (BPO) industry in the Philippines. Credit Suisse is reporting that office real estate, a sector massively driven by BPO firms, is at risk of a slowdown.
\n\u201cRisk of slower occupancy ramp-up, or worse \u2013 cancellation of pre-commitments \u2013 for upcoming office space in the country seems to have been escalating in recent weeks,\u201d according to a Credit Suisse note released Tuesday.
\n\u201cAside from our recent channel checks with property agents, there has been a constant flow of negative news citing uncertainties about U.S. President Trump\u2019s protectionist rhetoric about outsourcing, which could slow down and\/or delay expansion plans particularly for U.S. BPOs in the Philippines.\u201d
\nMore: Where does your country stand in a Trump presidency?
\nCredit Suisse went on to report that office supply will have an absorption rate of 30 percent in 2017 and 10 percent in 2018. \u201cWe think the momentum of pre-leasing has been slower,\u201d the agency noted.
\nCharito B. Plaza, director-general of the Philippine Economic Zone Authority (PEZA), sounded the alarm last week, saying that BPO investors are \u201cworried\u201d and putting pledges on hold, pending the US president\u2019s other pronouncements.
\nThe Philippines accounts for 12.6 percent of the global market for business-process outsourcing (BPO), a USD23-billion sector.
\n\u201cIt\u2019s a US-centric business,\u201d Manuel Pangilinan, president of local telecommunications gaint PLDT, told Reuters in December. \u201cTo the extent that Trump compels, persuades or incentivises the BPO businesses to return \u2026 it will impact our business or the industry as a whole.\u201d
\nRead next: The ultimate guide to SE Asian real estate in 2016
\n
\nSource : property-report.com
\nRead more…Is Trump to blame for this Philippine property chill?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Signs that \u2018America First\u2019 is putting\u00a0office real estate in the country last An IT Park...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-42605","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-b5b","jetpack-related-posts":[{"id":18648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-spreading-the-wealth-is-good-for-the-philippines\/","url_meta":{"origin":42605,"position":0},"title":"Why spreading the wealth is good for the Philippines","date":"July 5, 2016","format":false,"excerpt":"\r Duterte\u2019s campaign of decentralisation could reinvigorate the Philippine property market Cebu city, one of the Philippines secondary markets. Image credit: George Parilla (Flickr) With the inauguration of a new president from the provinces, wealth could soon be spreading more evenly throughout the Philippines. In a press briefing early in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21703,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-retail-boom-means-for-the-philippines-industrial-sector\/","url_meta":{"origin":42605,"position":1},"title":"What the retail boom means for the Philippines\u2019 industrial sector","date":"August 2, 2016","format":false,"excerpt":"\r A blossoming retail segment could have a domino effect on the country\u2019s sluggish industrial sector Towers in Makati, the financial district of Metro Manila, rise above a shopping mall. Image credit: Deortiz (Flickr) A booming retail segment could be the lift necessary to buoy the Philippines\u2019 industrial sector, marked\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-golden-growth-opportunities-for-the-philippine-real-estate-sector\/","url_meta":{"origin":42605,"position":2},"title":"3 golden growth opportunities for the Philippine real estate sector","date":"January 28, 2016","format":false,"excerpt":"\r What\u2019s next for the country\u2019s property industry in 2016? Metro Manila | Image credit: TheStandard.com.ph Given the upward trend witnessed in the Philippines\u2019 real estate sector in the past 12 months, industry experts are optimistic that the growth will be sustained this year. The country\u2019s thriving capital, Manila, saw\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Metro-Manila_TheStandard.com_.ph_.jpg?fit=740%2C482&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippine-developer-cashes-in-on-cebus-green-office-market\/","url_meta":{"origin":42605,"position":3},"title":"Philippine developer cashes in on Cebu\u2019s green office market","date":"December 29, 2015","format":false,"excerpt":"\r The \u2018Queen City of the South\u2019 is now the country\u2019s second largest BPO hub Cebu IT Park by Cebu Holdings Manila-based developer\u00a0Arthaland has officially entered the Visayas-Mindanao market with the recent announcement of\u00a0their latest acquisition of a prime office property in the Cebu IT Park in Cebu City, reports\u00a0The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2015\/12\/cebu-it-park-arthaland-845x410.jpg?fit=845%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cebu-and-iloilo-find-increasing-favour-with-young-real-estate-buyers\/","url_meta":{"origin":42605,"position":4},"title":"Cebu and Iloilo find increasing favour with young real estate buyers","date":"May 13, 2016","format":false,"excerpt":"\r Buoyant growth is happening in the Visayas because of the robust BPO sector Iloilo City (Photo by Bernardo Arellano III) In Part Four\u00a0of this\u00a0five-part series, take a look at the emerging real estate industry\u00a0in\u00a0the Visayas region One of the reasons for the current strength of the Philippine real estate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30839,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-townships-are-the-future-of-luxury-living-in-the-philippines\/","url_meta":{"origin":42605,"position":5},"title":"Why townships are the future of luxury living in the Philippines","date":"October 20, 2016","format":false,"excerpt":"\r Pushing back against traffic congestion and gathering strength from the BPO industry, townships are redefining the residential landscape Eastwood City, Megaworld\u2019s first integrated urban township, grew from one of the first IT parks in the country Some cities in the Philippines were founded on the best of plans. There\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42605"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=42605"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42605\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=42605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=42605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=42605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}