Tourism Press Release

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Wednesday, August 23, 2006

Billions await investors in Ortigas, Philippines!

Investors worldwide looking for investment opportunities in the Southeast Asian region would do well to investigate the goings-on in the Philippines. With its excellent geographic location and English-speaking population, the Philippines has the infrastructure and motivated environment for successful international investments, and billions worth are just waiting to be made in this land of 7,107 islands.

When it comes to selecting where to do business in the Philippines, there are two popular business districts - the Makati Central Business District in Makati City and the Ortigas Business District in Pasig City, Manila – to consider. While Makati City is the traditional choice for international investors and businessmen, the Ortigas Center has come into its own as a premiere business and commercial district in the Philippine metropolis of Metro Manila.

Consider the following reasons why Ortigas, Manila is an ideal choice for your business investments:

Strategic location. The Ortigas business district is only 15 minutes away from the Makati Central Business District, and 30 minutes away from the Ninoy Aquino International Airport. With the Ortigas district only three minutes away from the Epifanio Delos Santos Avenue (EDSA), the Philippine capital's main thoroughfare, Ortigas is readily accessible to most other important cities in the Metro Manila area.

Quality Manpower Resources. Ortigas is an ideal place to source for quality labor providers who provide world-class services at strikingly low cost of labor. Filipinos are world-renowned for their generally positive national attitude and dedicated work ethic.

Quality accommodations. While many hotels in Manila provide comfortable accommodations, it is the distinct mark of hotels in Ortigas, Pasig City, to provide elegant and charming accommodations to which businessmen and international travelers are accustomed. Serviced suites like the Astoria Plaza Suites (http://www.astoriaplazasuites.com), for instance, are renowned for offering meticulous, personalized service, attention to detail, luxury accommodations, and proximity to important destinations in the Ortigas and Makati business districts.

Several hotels in Manila, including the Astoria Plaza, have made it even easier for foreign travelers to stay with them by offering them the ability to instantly and securely reserve rooms. Guests reserving at the Astoria Plaza Suites in Manila, for instance, appreciate receiving guaranteed reservations with instant confirmation, as well as the option to modify their reservations 24/7 online.

Deregulated and liberalized economy, competitive incentive package and attractive business environment. The Philippines has a continuing economic and financial reform program to be more competitive in the international market. The Philippines has deregulated telecommunications, shipping, oil, banking and insurance industries.

Priority for Exports. Ortigas is home to many export-oriented industries, among others. The call-center industry claims its second home in Ortigas.

With the global village coming together even closer, the Philippines is a prime source of blue- and white-collar work, beautiful natural resources, and the appropriate business environment to make it happen, investors would do well to take a slice from the promising economic pie that is the Republic of the Philippines.

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