December 2016

Season’s greetings, from your One Asia Center family!

December marks the end of another calendar year. For businesses and professionals, this month can get pretty hectic as books are closed, reports are submitted, quotas are tallied, and last minute fixes are done to ensure that the year ends on a great note.

But let not the stress of the season overwhelm you. After all, we’re also celebrating Christmas, and various other holidays, so this month is also a time for reunions, homecomings, parties.

As we bear the heavy workload and the unusually heavy traffic, may we be buoyed by the wonderful warmth of the Filipino holiday spirit, and by the promise of spending Christmas with our loved ones.

Whether you’re enjoying the hustle and bustle of this month, or you can’t wait for this year to finally be over, know that the whole OAC team is just a click or a call away. We can take care of your business and professional needs, so you can focus on the people and things that matter to you.

From serviced and virtual offices, meeting rooms, and training and events facilities; to business support for professionals, business owners, and freelancers, we are your fully serviced business center of choice in the heart of the Philippines’ central business district.

Together, let’s make this the most wonderful time of the year!

When McGrath & Arthur® group (MCGA), a provider of professional and timely solutions for credit management, debt collection, legal, consulting, and accounting services operating in Europe and South America decided to venture into the Philippine market, it needed a fully serviced business center it could trust. Fortunately, it found exactly that in One Asia Center (OAC).

Tim Smith, MCGA’s Country Manager for the Philippines, found OAC via a Google search. Ten months since availing of OAC full roster of services, MCGA has established a solid foundation in the country—its first in Asia. But not only has One Asia Center given MCGA full business support, it has also provided sound business advice.

As a global leader in credit management and collection, MCGA considers its people its greatest asset. The same can be said of OAC, says Smith. While he cited the good price points, and efficiency as contributing factors for their choice of One Asia Center, Smith gives most of the credit to OAC’s people. “It’s the people who make the business”, Smith says, “and OAC has a great team”.

The Philippines adds one more reason to celebrate this December, with its strong economic showing for the final two quarters of 2016.

The Philippine Star reports that the International Monetary Fund (IMF) is set to upgrade its economic growth projection for the Philippines after the country registered a stronger-than-expected expansion in the third quarter, and emerged as the fastest growing economy in the region. The Philippines recorded a 7.1% expansion, ahead of China at 6.7%, Vietnam at 6.4%, Indonesia at 5%, and Malaysia at 4.3%.

The country is further expected to finish strong at the close of the fourth quarter (Q4), based on forecast by local economists, as reported by Rappler. “[The] economy needs to grow by only 3.4% in Q4 to attain full-year growth of 6%, while a Q4 growth of 6.9% would see the country reaching the government's high-end target of 7%.”

“The Philippine economy has performed well in recent years with rising potential growth and strong macro fundamentals,” said the IMF, as quoted in the Philippine Star.

That’s good news for local businessmen, and for those who are thinking of investing in the Philippine market. Let’s hope the upward trend continues in the coming year

In last month’s newsletter, we gave you a step-by-step guide to starting a business in the Philippines. As the year comes to a close, we want to give you one final push toward the big launch that you are hoping for.

So, you’re starting your own business. You have a plan and resources to make it happen. And you’re finally ready to take the plunge.

But at the back of your mind is a niggling voice that is playing to your fears, and feeding your hesitations. What about the state of the economy? Will my business end up like others that have folded? What will happen if I fail?

Hey, relax! While your apprehension is understandable, don’t get paralyzed by it! Not only can we give you plenty of success stories to counter your worst case scenarios, we’re also here to give you the help that you need!

Consider this our holiday gift: a list of six simple tips to hopefully convince you to let go of your inhibitions, and jump into the exciting world of business ownership.

Best of luck!

The Philippines has been said to have the longest Christmas celebration in the world. The start of the -ber months in September is joyfully marked by Christmas carols on the radio and Christmas greetings from loved ones. There are countless other traditions we observe annually.

In Makati, one indicator that the yuletide season is near is the “Festival of Lights” at the Ayala Triangle Gardens.

This year’s festival opened on November 15, and will run until January 8 next year. The lights and sounds show, which promises a blazing spectacle of a million twinkling lights to the beat of three Christmas medleys, is held daily, every 30 minutes from 6PM to 10PM.

Head to the gardens after work if you want to unwind with an audiovisual treat, or simply enjoy the myriad restaurant choices in the vicinity. The Catholic faithful can attend the daily Thanksgiving Masses at the Ayala Triangle Gardens Fountain Area from December 15-23, at 6PM.

Your holiday season may be a busy one, and your loved ones may be away. But that doesn’t mean your December has to be bleak. Experience what the city has to offer on this “the most wonderful time of the year”, and who knows what joys you’ll find. Cheers!

PHILIPPINE HOLIDAYS
Mark your calendars with this month’s holidays! 
•    December 24, 2016, Saturday - Additional special non-working day
•    December 25, 2016, Sunday - Christmas Day (Regular holiday) 
•    December 30, 2016, Friday - Rizal Day (Regular holiday) 
•    December 31, 2016, Saturday - Additional special non-working day