Jul

8

Cebu’s creative sector gains a foothold to maximize its world-class potential as visual artists are encouraged to help the industry establish connections with concerned agencies.

The Center for International Trade Expositions and Missions (CITEM) of the Department of Trade and Industry in the Philippines has included the visual arts in its budget, through inviting visual artists to participate in the world trade fairs, and promote their works to the international market.

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Jul

2

Business process outsourcing (BPO) firms in the Philippines target new markets in the Asia Pacific region, like China, India and Sri Lanka.

Philippines can enter these markets as it remains competitive in both the voice and non-voice services, establishing a brand that could help promote the Philippine BPO services.

Aside from these new markets, the Business Process Association of the Philippines continues promoting the BPO sector in the United States, Europe and Australia markets where more investments are expected.

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Jun

28

A number of companies in Russia explore possibilities of investments in the Philippines. Already, some organizations conduct feasibility studies for possible joint venture projects in tourism, infrastructure, energy and telecommunications.

Russia’s private sector and government are also interested to learn the success story of economic zone facilities, the key of Philippines’ premiership among the world’s BPO (Business Process Outsourcing) market.

The active move of Cebu local government units (LGUs), both the Cebu Province and Cebu City to strengthen ties with Cities in Russia also fueled the strong interest of Russian investors and tourists to come to Cebu.

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Jun

26

Small and medium enterprises (SMEs) can outsource some business functions and save costs, focus on core and strategic areas in their businesses. SMEs can use the growing outsourcing trend in business as an advantage, to become more efficient in operations and stay ahead of their competition.

Companies have long tapped third parties for services such as security and maintenance. Outsourced activities have now grown to include operations, service support, accounting and human resource functions.

Companies can tap other parties who can do these functions for them, who can deliver faster services and help keep track of their developments.

Outsourced functions help the company save as it no longer has to hire more employees to do company functions.
When hiring employees, the company needs to consider their incentives and benefits. In outsourcing, however, the company only considers the provider’s ability to deliver service.

SMEs must take care in selecting a service provider. It is important that companies should carefully check their chosen service provider to avoid unclear deliverables and unmet expectations. It is also helpful to have an established coordination and in-house support.

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