May

22

Cebu City vows to be provide highly qualified manpower to the country’s business process outsourcing (BPO) industry at the height of shortage in talent confronting the industry.

The local government will improve its current pool of talents in the wake of recent assessment of the Business Processing Association of the Philippines (BPAP) that the supply of manpower cannot meet the growing industry. This shortage, according to BPAP, continues to increase at the rate of 20 percent even as the country has 500,000 college graduates annually.

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May

19

Auditing firm Grant Thornton International’s 2013 first-quarter International Business Report (IBR) reflects the surge in business optimism in the Philippines.

The Philippines with an optimism “balance” of 90%, ranked world’s 2nd in the list of most optimistic business leaders – up from 4th most optimistic in 2012 first-quarter survey.

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May

17

Cebu City is promoted for expansion of business process outsourcing (BPO) firms, as a next wave city in the Philippines.

BPO is one of the high growth potentials for Central Visayas including Cebu, along with agribusiness, tourism, infrastructure and food processing.

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May

12

Cebu, Philippines – The creative industries are considered as the new driver for economic growth in the Philippines.

To maximize the full potential of the sector, local stakeholders and the Cebu Chamber of Commerce and Industry (CCCI) will conduct the 2013 Cebu Creative Industries Summit and NGO Accreditation One-Stop-Shop and Advocacy Matching at SM City Cinema One on June 14 as one of the highlights of the Cebu Business Month 2013.

Creative industries are those that root from individual creativity, skill and talent and have the potential for wealth and job creation through the generation of intellectual property.

The summit shall serve as a platform for industry stakeholders to promote the sector as a wise strategy to further boost the economy.

The creative industries sector is divided into four segments based on the United Nations Conference on Trade and Development (UNCTAD) classification.

These are the —
I. Heritage group that is composed of traditional cultural expression, arts and crafts, festivals and celebrations, and cultural sites; 

II. the arts group that includes visual arts, and performing arts; 

III. the media group which encompasses publishing and printed media; and the

IV. functional group that covers designs, new media such as software, video games, creative services, architectural, and advertising.

The untapped potential of the creative industries to generate increasing employment and enhanced skills should also be recognized.

The creative industries sector is considered by the chamber as one of the fastest-growing priority sectors and economic pillars of the local economy that should be sustained along with tourism, information and communications technology and business process outsourcing (ICT-BPO), and entrepreneurship.

In 2008, Cebu was dubbed as the Creative City in the Philippines while it was named as the first ever ASEAN City of Culture in Asia in July 2011.

The 2nd Cebu Creative Industries Summit is designed to be a venue for an exchange of creative and innovative techniques for business growth and global competitiveness.

Outsourcing Solutions, Inc. – Your Outsourcing Partner!
Source:
"Phl creative industries to fuel economic growth"
Lacamiento, Grace. The Freeman. 23 April 2013.
Link here.

 

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