Investing in the Philippines
A wide range of investment models are available to investors in the Philippine IT-BPO and GIC industry. They include capital conservation opportunities, such as full turnkey build-to-suit opportunities for facilities, hosted and managed technology services, and facilities management
services. These models provide the opportunity for investors to contract facility development to their unique specifications—including technology—for very low capital outlay.
The IT-BPO and GIC industry is primarily served directly by two major domestic telecom firms, Globe Telecom and PLDT, providing business-continuity assurance. Telecom infrastructure is available throughout the archipelago.Globe Telecom, PLDT—and smaller third-party provider, BayanTel—maintain nationwide, high-peed networks and landing stations connecting to international submarine cables. There are 11 international gateway operators in the Philippines and 1 submarine cables with landing points in the country.
Investment climate and regulatory environment
The Philippine government has identified the IT-BPO and GIC industry as among its top-five priority investment areas. Its Contribution to job creation and GDP is acknowledge and valued by the government, as evidenced in a generous and highly competitive investment incentives program. A strong partnership between the government through the ICT Office of the Department of Science and Technology (DOST-ICTO), and BPAP, representing industry players, ensures that the government interventions are aligned with the industry priorities, such as talent development and country promotion.
The Next Wave Cities™
As the Philippines’ IT BPO hubs become saturated, local governments are opening up alternative locations and setting up conducive investment environments with local ICT councils. The Next Wave Cities™ provides alternative locations for sustaining industry growth and company expansions. The DOST-ICTO and BPAP have identified the top-10 Next Wave Cities™ and provide substantial information on indicators such as talent availability, cost, infrastructure and business environment.
It’s more fun in the Philippines
In 2012, the Philippine Department of Tourism launched a global branding campaign, the first Southeast Asian country to do so almost exclusively on social networks and the Internet. The slogan epitomizes the Philippine experience: It’s fun. The Philippines and its service-oriented culture offers an almost unparalleled quality of life for investors. From glittering world-class entertainment and hospitality centers to the finest beaches in the world, The Philippine offers leisure opportunities very nearly as rich as its diverse natural environment— and all at some of the world’s lowest prices. Want to spend the weekend on a prisitine Palawan beach? It’s a 25-minute flight away, followed by a short land and water ride.
The Philippines offers a vibrant night life, including theater, jazz clubs, wine bars, and clubs. For the avant-garde, bustling Makati and Bonifaciio Global City provide modern sights and sounds. Quezon City boasts some of the Metro Manila’s best restaurants, bars, and comedy clubs. The young-at-heart gather all hours of the day in Eastwood City, one of the Philippines’ original IT-BPO and GIC hubs in Metro Manila.
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