Philippines Badly Need 3rd Telco – ICT Davao
FEB 23 – The Philippines, despite being the world’s top outsourcing services destination, badly needs a third telecommunications company to break the duopoly of two existing telco giants, according to Information and Communications Technology (ICT) Davao president Samuel Matunog. However, he cited several obstructions to the entry of the third telco player, including the 60-40 foreign ownership rule and concerns on profitability.
Department of Information and Communications Technology (DICT) Davao director Alimbzar P. Asum also said that the third telco will be useful to provide a service to the “unserved and underserved areas” in the country, he also expressed concern that it may be difficult for the third telco player to recover its investment because of the duopoly of the two giant telco firms.
Modern E-jeeps to Serve BPO Workers in Cebu
FEB 22 – Business process outsourcing (BPO) workers in Cebu City will be the first to be served by the zero-emission and environment-friendly electric and solar-powered jeepneys that the city government will soon roll out. The e-jeeps will serve missionary routes, covering areas with no regular public jeepney routes.
Each route will pass by most of the BPO offices in the city, said Land Transportation Franchising and Regulatory Board Regional Director Ahmed Cuizon. The e-jeep in Cebu City is part of the Philippine government’s jeepney modernization program, which will be implemented three months from now. Cuizon said that aside from BPO offices, the second missionary route will also give commuters access to hospitals.
ICT investments to Hit USD4tr Globally This Year – IDC
FEB 20 – Worldwide spending on ICT will be nearly USD4tr this year, with enterprise investment in cloud services, software, and hybrid IT infrastructure driving the growth. The latest global market study by International Data Corporation (IDC) forecasts that consumer market will account for more than USD1.5tr in ICT spending this year.
The consumer market will also deliver more than one-third of all worldwide spending in the sector for 2018. The US will account for USD1.3tr in ICT spending in 2018 making it the largest geographic market this year with spending expected to grow at a CAGR of 3.6%. China will be the second largest market for ICT spending at USD499bn this year with solid growth forecast through to 2021.
BPO Property Market Expected to Rebound – Leechiu
FEB 19 – Property demand from business process outsourcing companies is likely to rebound this year, while the growth from gaming companies will exceed expectations, property consulting firm Leechiu Property Consultants said. Outsourcing companies are expected to add 485,000 square meters of office space this year, after 357,999 square meters in 2017, the slowest expansion on record, CEO David Leechiu said.
Demand from the gaming sector is expected to grow 15 percent annually until 2020 after a 412-percent expansion in 2017 to 233,902 square meters, he said. Growth in BPO, however, will likely be flat at around 485,000 square meters every year until 2020 in a “cautiously optimistic” scenario, he added.