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Information Technology (IT) parks rise in the provinces outside of Metro Manila, providing infrastructure and connectivity to boost the robust growth of the Philippines Business Process Outsourcing (BPO) industry.
The new IT Parks are in the cities of Cebu, Mandaue, Dumaguete,and in other provinces and municipalities.
The rising demand for call center services leads the BPO boom.
The Philippines holds a major portion of the global outsourcing market, due to the English proficiency of Filipinos.
Call centers count among its clients giant multinationals. Pharmaceutical firms outsource their medical transcriptions in the country.
BPO firms are the predominant locators in IT parks registered with the Philippine Economic Zone Authority.
The government offers tax incentives to BPO firms, including value-added tax and income tax exemption.
Source:
"Information Technology Parks to boost Philippine Business Process Outsourcing industry." 28 September 2012. TEMPO. Accessed 2 October 2012. Link Here.
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