Tax incentives will counter headwinds in IT-BPO – IBPAP
DEC 6 – The retention of tax incentives will counter headwinds faced by the information technology – business process management (IT-BPM) industry, according to the Information Technology and Business Process Association of the Philippines (IBPAP).
IBPAP President and CEO Rey Untal said the industry has been facing a number of hostile market conditions, which have a dampening effect on inbound IT-BPM investments in H1. IBPAP, he said, supports lawmakers who are pushing to keep tax incentives for the IT-BPM sector, as it believed these are necessary for the industry to further expand. Untal added that sustaining an attractive business environment through industry and government partnership is critical in overcoming industry challenges.
Global 3D animation market could hit USD28bn by 2025
DEC 6 – A new report claims that the value of the global 3D animation market could reach USD28.31bn by 2025 on the back of growing demand for animation in most industries. The report, released by Grand View Research, showed that the 3D animation market will be significantly driven by growing applications of animation in media & entertainment, healthcare & life sciences, manufacturing, and education & academia.
Traditionally concentrated in the developed countries, the 3D animation market is now migrating to emerging economies such as India, China, and the Philippines owing to the increasing popularity of outsourcing animation activities to these countries, the report said.
Metro Manila’s rental growth is highest in Asia
DEC 7 – Strong, continued demand in the office market in Metro Manila makes office rental growth in the Philippine capital the highest in Asia, according to property firm Santos Knight Frank. The Makati central business district (BCD) is the most expensive place to rent office space, where rental rates stand at P1,263.15 (about USD25) per square meter.
Bonifacio Global City (BGC) breached the P1,000 per square meter mark as of the third quarter in 2017, making it the second most expensive place to rent office space. More than three-quarters of the total office supply projected to come online in 2018 will be located in BGC. Still, investors continue to favor the central business district, despite rising leasing rates, according to Santos Knight Frank.
Demand for tech talent in PH shows slight improvement
DEC 5 – The Philippines reported a slight improvement in online hiring demand for IT and tech talent in October, according to the latest Monster Employment Index (MEI). The Philippines posted growth of 3% year-on-year in October in the IT, Telecom/ISP and BPO/ITES industries in October, according to MEI, a monthly gauge of online hiring activity monitored by Monster.com.
Malaysia displayed a steady growth while Singapore also reported a slight improvement. The demand for hardware, software, and telecom professionals in the Philippines rose 7% in October, falling back slightly from the 12% year-on-year growth reported in September. The MEI records industries and occupations that show the highest and lowest demand.
Cebu City eyes modern jeepneys for BPO employees
DEC 5 – Cebu City Mayor Tomas Osmeña is pushing for modern public utility jeepneys to service employees of business process outsourcing (BPO) firms in the city. The Cebu Integrated Transport Service Multi-Purpose Cooperative (Citrasco), the largest transport group in Metro Cebu, has applied for a permit to operate 20 new air-conditioned jeepney units as a result.
Land Transportation Franchising and Regulatory Board (LTFRB) 7 Regional Director Ahmed Cuizon said their agency has accepted the permit application. Cuizon said the proposed passenger jeepney units will also have to have free access to Wi-Fi, GPS, dashboard cameras and closed-circuit TV cameras among other features. The jeepneys also need to operate on a 24-hour basis to keep up with the work shifts of BPO employees.