1988 Post-Martial Law and Peoples Power Revolution, the Philippine Economy was decimated. The growth of Makati Central Business District was choked by ancient landowner height restriction of only 7 floors. Said Financial Center was bereft of phone lines, besieged by coup d’états, multi-day brown-outs and deeply prohibitive international dialing costs. Painfully, the Philippines suffered series of natural disasters: structures-toppling earthquake, Mount Pinatubo eruption and 200 kph typhoons, characterizing the volatility of the nation.
It was a heartbreaking sight to young economist, Judith Duavit Vazquez, who pulled a star from her pocket and hurled it into black sky, breaking convention and heights. “If I can. The Filipino can. Nothing is impossible if you believe.”
1990 Quietly guided by industry giants and public servants, Judith conceived and ground broke the first 24×7 ICT-ready skyscraper breaking the 7 floors height restriction at a whopping 40 stories capped by a 15 story steel communication tower. Fierce legal battle rose to the Supreme Court pitting a fledging entrepreneur and the nation’s oldest business house as the Business Community watched in awe. “Not a commercial, but a nation-building effort, Your Honor.”
1995 When Nations led by the United States passed their coordinated Congressional ‘Telecommunications Act’ from 1995-1996 breaking national monopolies, creating new companies, fostering competition, forcing national interconnections and international submarine landing cable stations, The Peak Tower was ready for occupancy. As the only neutral site permitting neutral access to monopoly PLDT, natural first locators were nascent Telecommunication companies and Carriers, Internet visionaries, Mozcom, first ISP, and Unionbank, first national Internet Bank. The first Call Center among many other FIRSTs.
Much more than that, the development and example of The Peak Tower heralded change fueling economic multiplier effect, creating plethora of communication-rich skyscraper edifices across burgeoning business districts, propelling the Philippines globally as the leading Call Center and Business Processing Outsource Center.
A vision impossible was a mission accomplished.
“The Sun never sets at The Peak.”