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“The Philippines rose a notch to rank second among the most attractive global outsourcing locations on the basis of risks, costs and conditions, according to the latest report by global real estate advisor Cushman & Wakefield,” writes Amy R. Remo on Inquirer.net.
Last year alone, the Philippines IT-BPO supported more than 1 million jobs and posted an estimated US$18 billion in revenues. This, the report notes, is one of the biggest changes in the global IPO market.
According to the Cushman & Wakefield report, the country more than met the demand for English proficiency, which a national English proficiency score of 92.5%.
About 30% of Filipino students are regarded as employable compared to the 10% of India. “This gives the Philippines a competitive advantage in enabling companies to reduce investment in their in-house training programs, which can be tantamount to a significant overhead. In addition, it also came 82nd out of 146 in the Forbes ‘Best Countries for Business’ survey, outplacing both India and China,” it added.
The index assessed 36 countries, which were based on cost, risks and conditions.
“The Philippines ranked second in terms of cost; 34th in terms of conditions; and 27th in terms of risk,” the report notes.
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