Oct

11

New York-based and NASDAQ-listed business process outsourcing (BPO) service provider ExlService Holdings Ltd. expands to Cebu by 2013.

The company plans to add at least 1,000 seats to its local operations; which are two offices in the Mall of Asia Complex in Pasay City that have a total of 1,722 seats and 1,800 employees.

The company started operations in the Philippines in 2008.

 

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Oct

4

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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.

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Sep

24

In the United States, healthcare reforms such as the Patient Protection and Affordable Care Act (PPACA), the Health Care and Education Reconciliation Act of 2010 (HCERA) and allied reforms such as the American Recovery and Reinvestment Act of 2009 (ARRA) are transforming the business climate for healthcare and insurance providers.

These reforms are projected to add at least 30 million members to the US healthcare insured population, the healthcare providers will need to modify the way they operate to maintain acceptable profitability in order to meet the required mandatory implementation of electronic health records and changes to existing medical coding standards.

The Philippines responds to this demand for more innovative healthcare information management services.

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Apr

30

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A Regional Competitiveness Committee (RCC) sets up in eight different provinces and key cities in the country, including Cebu, to gather economic data about provincial communities, and how these fare when compared other Association of Southeast Asian Nation (ASEAN) cities.

The committee is a public-private sector body created to develop strategy for the long-term competitiveness of the Philippines through policy reforms, project implementation and monitoring performance among others.

The RCC network—which includes Cagayan de Oro, Tacloban City, General Santos City, Davao City, Batangas City, Legaspi City, Iloilo City and Cebu— is expected to be in place by June.

The creation of the RCC paves way for the country to be more competitive as each region, city or province would become aware of their strengths and weaknesses. The information of each region, city or province can guide improvements on their individual competitiveness and the whole country’s competitiveness.

The RCC would benefit Cebu because it would become a venue for the stakeholders to work together and gather the economic data according to indices which include basic economic information like population, wage rate, infrastructure, and quality of life, education, safety and health, cost of doing business, and the human resources available here.

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