THE onslaught of Covid-19 pandemic saw a paradigm shift on how people work.
The 9 to 5 office work routine has been replaced by ideas like flexible working, work-from-anywhere, social distancing, virtual seminars and online gatherings. As a result, people and organizations have to think of new concepts so people can be productive and efficient.
Hong Kong-based The Executive Centre’s (TEC) entry into the Philippine market is timely despite the prevailing challenges in the economy. It is bullish because it offers options for the new work environment. Moreover, it has provided an add on to investors looking for premium flexible workspaces that can foster collaboration, creativity and communication.
“We see the Philippines definitely as an active growth market, something we had our eye on. What many don’t know is actually we opened our first center two years ago in RCBC Plaza through an enterprise solution, which is a tailor-fit solution for our client, Cielo Philippines. Because it was such a successful move for us, it really gave us an insight on how attractive the Philippines is for multinational companies and therefore, we ventured into launching our flagship center which is in Ayala Triangle Gardens Tower 2 in Makati,” said Josh Alfafara, country manager, Philippines.
Established in 1994 in Hong Kong, TEC has more than 150 centers across 32 cities and 14 countries. TEC opened its first center in the Philippines on May 17 this year.
Right now, Alfafara and his team are busy promoting the flagship center to ensure they get as many people interested in their services and product offerings as well.
Alfafara said 76 percent of their client portfolio is composed of multinational companies and high-net worth small, medium enterprises as well. He added some major local business organizations expressed interest to locate there.
Alfafara said the main advantage of having a presence in the TEC is its location. Just like all TEC officers around the world, TEC Makati will be based in premium, grade-A buildings across the network. “It’s a landmark in core CBDs, and where multinational companies want to establish their business as well. We situate ourselves where our members wanted to do business.”
Aside from the pricey location of the building, TEC also offers a premium level of service to its members. “We listen to our members, we cater or renew the experience of that business class section of the plane. Everyone is in the same plane, right? But those in business class have a different level,” he said.
As the third-largest serviced office business in Asia with annual turnover of $237 million, TEC has a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Privately owned and headquartered in Hong Kong, TEC provides first class private and shared workspaces, business concierge services, and meeting and conference facilities to suit any business’ needs.
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