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2009 ASEAN starts

The 2009  summit of the Association of Southeast Asian Nations (ASEAN), and related meetings with key regional partners will begin Friday at the beach resort town of Hua Hin, Thailand.

The region’s immediate rebound from the global recession compared with Western economies is expected to set the mood for talks on further freeing up trade, investment and people across Asia. Another matter on this year’s agenda is regional integration, a key action to maintain economic resilience and unlock economic potential. Read more here

Asia to dominate global BPO

India, China and the Philippines, are touted to dominate the global outsourcing industry, according to Dr. Ganesh Natarajan, vice chairman and chief executive of India’s Zensar Technologies, who believes the future of outsourcing belongs to Asia as it captures between 80 to 85 percent of the industry.

Outsourcing giant India provides  higher-end services, second-rank Philippines expands into vertical or domain services and China focuses on low-cost products for clients, both global and domestic. Read more on Dr. Natarajan’s insight on this matter here

The Philippines to get on the Cloud

Netsuite, a US-based software firm specializing in “cloud computing”, intends to double its local operations over the next two years, as part of a strategy to groom the Philippines as a hub for cloud computing services worldwide.

Read more on this development here

IT staff shift off-shore equals better savings

Research firm Forrester reports that companies that shift more staff off-shore derives more savings than the 5 to 10 percent rate reductions they have been seeking from their IT vendors.

Read the IT offshoring report here

Boom in Cebu

As the United States and other Western economies are recovering, Cebu City-Philippines are receiving investors’ inquiries for big-ticket Business Process Outsourcing (BPO) companies. Read more about this development here

Also, Cebu City once again clinched the top spot in the 2009 Global Services and Tholons survey on the top 50 “emerging global outsourcing destinations” worldwide,  based on scale and quality of workforce, infrastructure, business catalyst, risk profile, cost and quality of life. Read more about this here


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