Apr

11

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The rising cost of space and labor reopen the Philippines’ manufacturing sector as companies look at Cebu, where the economic landscape is friendlier to foreign direct investments (FDIs).

A dozen electronic companies from Japan and the United States have approached Cebu Investment and Promotions Center (CIPC) and expressed interest in locating to Cebu.

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Apr

1

The largest US-based financial holding firm by assets, JPMorgan Chase & Co., will likely transfer more business support functions to its global in-house center (GIC) in Manila, Philippines.

JPMorgan Chase Bank, N.A.–Philippine Global Center has emerged as Manila’s largest GIC of a global corporation. Established in 2005, the center generated almost P10 billion in revenues in 2011, and has a staff of more than 10,000 at The Net Plaza in Taguig City and at The Asiatown IT Park in Cebu City.

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Mar

28

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A partnership between the Information Technology and Business Process Association of the Philippines (IBPAP) and Technical Education and Skills Development Authority (TESDA) with government of South Korea is instituted for training of Filipino animators and game developers to boost the Philippines’ digital outsourcing sectors.

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Oct

15

In less than a decade, the Philippines’ business process outsourcing (BPO) industry has emerged as one of the world’s main destinations for business growth and support.

Even until, the industry shows resilience despite competition from other regions, delivering services that far exceeded most expectations.

 

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