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Why Outsource to the Philippines
Outsourcing has become a strategic advantage for
businesses to keep up with the fast-paced and technology-driven
competition. Philippines has now stepped out of India’s shadow
as the new emerging, competitive Business Process Outsourcing (BPO) provider.
Within a short span of time, Philippines has
established itself as one of the top BPO destinations. The revenues effectively doubled from less
than USD 100 million in 2001 to USD 3.3 billion in 2006. The Philippines achieve continuous and
rapid growth following several intrinsic strengths in its labor market,
infrastructure and business environment.
As an outcome of this growth, Philippines is undeniably the Southeast
Asia market leader and one of the leading countries in providing offshore
business processes globally.
Skilled Labor Force
Philippines produces nearly 500,000
college graduates annually across a broad range of disciplines. The Philippines is competitive as one
of the few countries in Asia that boasts a
large number of English-speaking college graduates every year. This sizable and skilled labor force that
makes it easier to sustain the increasing needs of offshore BPO
industries.
This top quality talent pool is competent and cost competitive.
Subsequently, the low costs for telecommunications and real estate have placed Philippines an
attractive BPO destination. The Philippines
is considered more favorable than China, India and Malaysia for
telecommunication and greatly more attractive than China or India for real estate.
Incentives and Government Support
The incentive package offered
through Philippine Economic Zone Authority (PEZA) includes an income tax
holiday of six to eight years, a 5 percent marginal tax rate thereafter, and
duty-free importation of capital equipment.
The government supports the BPO industry by developing investment
incentives as well as expediting visas and permits.
The Philippines is on its way to
become the premier E-services Hub of Asia supported b y low cost of doing
business, competent workforce, liberalized and business-friendly economy,
developing infrastructure for global growth.
Think of maximized revenues and minimized costs for your business. Think
of outsourcing to Philippines.
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