Eastwood City
Encyclopedia
Eastwood City is a 17 hectares (42 acre) commercial and residential development located in the Libis area of Quezon City
in the Philippines
. It is developed by Megaworld Corporation
. It currently hosts 12 luxury residential condominium towers, with several more being developed.
Eastwood City was launched in 1997. Its newest development is the Eastwood Mall located in the middle of the real estate development.
, permanent reduced rate of corporate income tax, and other incentives.
It was an early leader in business process outsourcing in the Philippines
; out of 37 call centers operating in the country in 2003, 10 were located there. Major tenants include Dell
, IBM Global Services
, Citibank
, Atos
, and eTelecare
. In 2009, the registed BPO employment of the cyberpark was 16,856 jobs, making it the Philippines' leader among PEZA IT parks and buildings. This represented growth of 22% over its 2008 employment figure. Including non-BPO employers, the total number of jobs created in Eastwood City is more than 30,000, claims developer Megaworld Corporation. The total value of exported services for the year was US$348.31 million.
Quezon City
Quezon City is the former capital and the most populous city in the Philippines. Located on the island of Luzon, Quezon City is one of the cities and municipalities that make up Metro Manila, the National Capital Region. The city was named after Manuel L...
in the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
. It is developed by Megaworld Corporation
Megaworld Corporation
Megaworld Corporation is a real estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index.The company is primarily engaged in developing large-scale mixed-use planned communities, incorporating residential, commercial, educational, and leisure components...
. It currently hosts 12 luxury residential condominium towers, with several more being developed.
Eastwood City was launched in 1997. Its newest development is the Eastwood Mall located in the middle of the real estate development.
Eastwood City Cyberpark
Eastwood City Cyberpark is a BPO-targeted office complex forming part of Eastwood City. Its buildings include the 20-story Global One Center and the 10-story 1880 Eastwood Avenue. The cyberpark is listed as an approved IT Center by the Philippine Economic Zone Authority, making export-oriented companies located therein eligible for temporary tax holidayTax holiday
A tax holiday is a temporary reduction or elimination of a tax. Programs may be referred to as tax abatements, tax subsidies, tax holidays, or tax reduction programs. Governments usually create tax holidays as incentives for business investment...
, permanent reduced rate of corporate income tax, and other incentives.
It was an early leader in business process outsourcing in the Philippines
Business process outsourcing in the Philippines
Business process outsourcing or BPO is an emerging industry in the Philippines.-Overview:The business process outsourcing industry in the Philippines has grown 46% annually since 2006. This boom is led by demand for offshore call centers...
; out of 37 call centers operating in the country in 2003, 10 were located there. Major tenants include Dell
Dell
Dell, Inc. is an American multinational information technology corporation based in 1 Dell Way, Round Rock, Texas, United States, that develops, sells and supports computers and related products and services. Bearing the name of its founder, Michael Dell, the company is one of the largest...
, IBM Global Services
IBM Global Services
IBM Global Services is the world's largest business and technology services provider. It has over 190,000 workers across more than 160 countries...
, Citibank
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
, Atos
ATOS
ATOS is a high density railway transport management system of an unprecedented scale. The system has been continuously built up in stages after the online operation of its first station commenced in 1994 and successfully operating since then...
, and eTelecare
ETelecare
eTelecare Global Solutions, Inc , a provider of complex business process outsourcing solutions.eTelecare Global Solutions provides outsourced service through voice, email, and chat for companies in such industries such as consumer electronics, telecommunications, financial services, travel, and...
. In 2009, the registed BPO employment of the cyberpark was 16,856 jobs, making it the Philippines' leader among PEZA IT parks and buildings. This represented growth of 22% over its 2008 employment figure. Including non-BPO employers, the total number of jobs created in Eastwood City is more than 30,000, claims developer Megaworld Corporation. The total value of exported services for the year was US$348.31 million.