Globe Dominates Postpaid Business Anew, myLifestyle Plan Propels Postpaid Revenues to P15.8B

Wazzup Pilipinas!

Globe Telecom remains the dominant player in the country’s mobile postpaid segment after posting postpaid revenues of P15.8 billion during the first half of the year on the back of its innovative myLifestyle Plan which set a global standard in postpaid plan offerings.

The phenomenal growth in revenues gave Globe the upper-hand in terms of revenue market share, a global metric used in determining market leadership across telcos worldwide.

Postpaid customer base likewise grew by 12% to 2.3 million in the same period from 2.1 million in the previous year. These positive gains are derived from the success of the myLifestyle Plan that helped boost gross acquisitions to reach a new record-high of 477,608 for the first six months of the year, up 23% from last year. Year-to-date net incremental postpaid subscribers stood at 60,776, 14% higher than 2014 level.

With the myLifestyle Plan, customers get a base postpaid plan that already comes with built-in unlimited calls and texts to Globe and TM for only P499 monthly. With an additional P99, customers get data access and a free smartphone. Globe has also made available various lifestyle packs suited for their entertainment, social media or productivity needs. The more services they add on top of the base plan, the better the handset they can get.

Northpine Land Meets Increasing Demand For Horizontal Development In The South

Wazzup Pilipinas!

As the demand for horizontal developments outside of Metro Manila increases, one of the major players in the country’s real estate industry is focusing its efforts in the South.

For almost 20 years, NorthPine Land, Inc., (NLI) has been building quality yet affordable suburban communities in areas where there is a strong combination of accessibility and opportunity. NLI’s President Alan R. Cruz noted that the South, particularly the CALABARZON region, is one such area.

Mr. Cruz further stressed that, “In terms of accessibility, the South is an ideal place to raise a family, especially for professionals who work in cosmopolitan areas like Makati and Bonifacio Global City. This is why NorthPine Land made a firm commitment to change the landscape of the South to fit people’s lifestyle needs.”

Accessibility to Metro Manila will be further enhanced with the ongoing development of the Skyway extension and other infrastructure projects such as the Intermodal Transport System (ITS), the LRT 1 Cavite Extension and the LRT6 Project, among others.

These infrastructure projects are also expected to significantly decrease rush hour traffic in the near future, providing another reason why establishing a home in the South is such an appealing proposition.

How To Get Started In Office Rentals

Wazzup Pilipinas!

Office spaces are quickly becoming the next attractive investment in Metro Manila’s real estate. Data from Colliers International show that as of the last quarter of 2014, the Philippines’ office market boasts a stock of 6.99 million sqm worth of inventory, which will surge 36 percent to 9.52 million sqm by 2018.

Prices and rental rates of office spaces, especially in the metro’s key central business districts (CBD), are poised to increase over the next year, thanks to healthy demand and tight supply, while vacancy rate is expected to decrease further as more companies (BPOs, corporate offices, and small and medium-sized enterprises) open and expand, providing savvy investors another option to diversify their real estate portfolio.

However, just like any business venture, office rentals have potential pitfalls if one is not sufficiently informed. Global property portal Lamudi Philippines (www.lamudi.com.ph) lists down several steps to get started on renting out office real estate.