PH Seeks to Benefit From EFTA’s IT-BPM Opportunities
JAN 7 – The Philippines stands to benefit from doing business with the countries belonging to the European Free Trade Association (EFTA). Among the industries that the Philippines is looking at benefiting from are in information technology – business process management, shipbuilding, automotive, among others.
As a result, President Rodrigo Duterte has submitted to the Senate for concurrence his ratification of the Free Trade Agreement (FTA) between the Philippines and the four of the states that are members of EFTA: Iceland, Liechtenstein, Norway, and Switzerland. Once concurred by the Senate, the EFTA will be the Philippines’ second comprehensive bilateral FTA after Japan.
Globe Telecom Earmarks USD850m for 2018 Expansion
JAN 06 – Ayala-owned operator Globe Telecom is allocating USD850m for its capital expenditure this year in which a third telecoms player is set to enter the Philippines market. Globe president and CEO Ernest Cu said the company continues to expand its data network and address the surge in customer demand for on-demand video content.
Cu said capital spending for the year will finance the company’s commitment to provide a faster internet service to two million homes
by 2020. A significant portion of the company’s capital expenditure will also be utilized for the deployment of massive MIMO technology to expand and enhance its LTE network.
IT-BPO Jobs Among Most Sought-after in 2018
JAN 02 – The Department of Labor and Employment (DOLE) said IT-BPO workers will continue to be in high demand this year, along with those in tourism and construction.
The latest data released by DOLE said in-demand and emerging jobs in 2018 will include those in the IT and BMP sectors, animators, social media analysts, data science analysts, software developers, website developers, graphics designers among others. Dominique Rubia-Tutay, director of the Bureau of Local Employment of DOLE, said social media-related jobs will also be in demand, especially with the upcoming 2019 elections.
Government Told to Speed up Proclamation of BPO Buildings
JAN 02 – Property consultants have urged the Philippine government to fast-track the proclamation of new buildings as Philippine Economic Zone Authority (PEZA) approved. PEZA-approved buildings are mostly occupied by IT-BPM companies because of the tax incentives, infrastructure, and other government benefits that they bring.
Monique Pronove, CEO of Pronove Tai, said the fast proclamation of office buildings will further attract business locators to move in or expand in the country’s major districts. In the last 14 months, only five out of 22 Peza-building applications were proclaimed in Metro Manila. Given high occupancy, this suggests that slow approval may be acting as a brake on take-up of office space by IT-BPM players.