CanCham launches ICT awards
NOV 28 – To recognize the best of the best in the ICT industry, the Canadian Chamber of Commerce of the Philippines (CanCham) launched the 12th International ICT Awards PH. The ICT Awards 2018, which recognizes outstanding players in the country’s ICT industry, will hand out 15 awards, including the most sought-after recognition that will be given by PLDT and Globe.
Globe will announce the Best Employer of the Year while PLDT will give out the Best Company Award. The 12th International ICT Awards will culminate in a Gala Night to be held on 22 March 2018. Other categories include the Best First-Time Nominee-Company of the Year and the Best Company of the Year outside NCR.
Mixed-use projects to help Cebu retain outsourcing hub status
DEC 1 – Introducing mixed-use communities for business process outsourcing (BPO) tenants could help Cebu retain its status as the second largest outsourcing hub in the country, according to Colliers Philippines. Colliers said more BPO firms are now shifting towards mixed-used communities to offer a better living and working environment for their employees.
In its report, Colliers said it sees national developers actively acquiring large parcels of land in Cebu that could be developed into master-planned communities. The national government’s thrust to ramp up infrastructure spending to 5% to 6% of annual gross domestic product could also greatly benefit Cebu, the firm added.
IT-BPM investments show signs of improvement
DEC 03 – Investments in the information technology – business process management (IT-BPM) sector in the Philippines showed signs of improvement, with the decline narrowing into single-digit level in the January-October period. Data from the Philippine Economic Zone Authority (Peza) showed that the contraction in new investments in the industry reached 8.44%, an improvement from the industry’s performance in the January-May period, which was nearly 35%.
In the first 10 months of 2017, the contraction in new investments in the industry dropped from P15.73bn in 2016 to P14.4bn in the comparative months this year. The IT and Business Process Association of the Philippines said the reduction in investments this year should not be considered a “contraction”, but as a slowing in growth.
PH animation industry also seeks tax breaks
DEC 02 – The Animation Council of the Philippines Inc (ACPI) has urged the government for a tax incentive of anywhere from 30% to 40%. ACPI president Miguel del Rosario said the 30% incentive will not only return six times, but it will also come in leaps and bounds. ACPI is composed of 50 local animation studios.
Most animation studios in the Philippines are small and medium-sized enterprises, employing 10,000 to 12,000 animators. Although its growth is slow, the industry is thriving and a government incentive would be most welcome, Del Rosario said. The tax incentives, he added, could also spur the production of local content, which is badly needed by the industry.
US firm Panduit bullish on BPO’s growth in the Philippines
NOV 30 – Panduit, a US-based network solutions firm, says the growth of the business process outsourcing (BPO) sector in the Philippines will fuel demand for its products. Harry Woo, managing director and SVP of Panduit for Asia Pacific, said the BPO sector’s reliance on critical infrastructure will grow because call centers are increasingly being transformed into data centers.
Panduit opened its first office in the Philippines in 1997 and now enjoys a 37% market share. It also now has a strong distribution network propped up by 81 installation partners in 23 cities. The Philippines’ BPO industry is expected to grow at 6.5% to 7.5% by end of 2017.