Offering little to no experience or expertise prior to 2003, the meteoric growth of the Philippines’ business process outsourcing (BPO) industry has largely been due to the availability of good infrastructure alongside a large and trainable talent pool with a unique cultural affinity with the US and other Western markets. Recognising the catalyst for national development...
In 2003 the Philippines’ potential as a business process outsourcing (BPO) centre was fully realised after a five-year trial phase. The industry had a compound annual growth rate (CAGR) of 30% from 2006-10, surpassing the 15% global average, according to the Business Processing Association of the Philippines (BPAP).
With a substantial portion of domestic production focused on the internal market, the retail and wholesale sector remains a crucial driver of the economy. According to statistics from the country’s central bank, Bangko Sentral ng Pilipinas, total expenditure on personal consumption has shown steady growth over the past seven years. In 2010 personal...
Two of the most effective mechanisms developed by the government for boosting investment in the industrial sector are the Philippine Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). For 2010 the BOI and PEZA attracted a total of P302.1bn ($6.86bn) and P204.39bn ($5.66bn), respectively, in approved investments by...
Like many of its neighbours, the Philippines’ economy has been evolving towards a more value-added economic model, following in the path of Japan, South Korea and Taiwan. Unfortunately, a number of factors have so far limited the pace of this transition and the country still lags behind many of its regional peers, despite the benefits of increasing...
As attention swirls around the renewable energy push and political haymakers are thrown over the future of oil and gas deposits in the West Philippine Sea, proven and reliable coal quietly maintains its place as the country’s single-most-utilised fuel source. Cheaply and plentifully available in the Philippines, coal was responsible for generating...
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