Jun

30

The Philippines emerges among the best performers in services exports, particularly in business process outsourcing, due to its rich human capital and good telecommunications infrastructure.

The Philippines is currently the third largest player in business process outsourcing (BPO) in the world, accounting for 15 percent of the global BPO market, after India (37 percent) and Canada (27 percent).

“That’s a tremendous achievement in just over a decade. The liberalization of the Philippine telecommunications sector in the early 90s improved the quality and efficiency of telecommunications infrastructure through greater competition.

That’s a very important factor for the success of the industry. But the bigger story is really the rich human capital that the country possesses and which it has to continue to nurture.”

Bert Hofman, World Bank (WB) Country manager.

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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

22

Corporate information is on the target list of cyber criminals.  Just recently, a  hacker group is brazenly ramping its antics through cyber attacks targeting even the US Central Intelligence Agency. This exposes how poorly defended many networks are against Internet marauders.

Cyber criminals capitalize on social engineering techniques to break the weakest link in information security structure, the corporation’s employees. The recent fake Bin Laden execution videos on Facebook is an example of cyber criminals using the social medium as a means of attack. These attacks employ social engineering tactics that trick people into clicking links that directed to malicious websites and software.

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Jun

20

Philippines budget airline Cebu Pacific (CEB) is to acquire 37 new aircraft – the largest single aircraft order ever made by a Philippine carrier – that will double its fleet size by 2021.

The low-cost carrier has placed a new order for 30 A321neo (new engine option) aircraft with options for an additional 10 A321neos. The latter will be a first-of-its-type to operate in the Philippines, being a larger and longer-haul version of the familiar A320. Cebu Pacific has made the largest firm order for the Airbus A321neo aircraft in the world.

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