PTIC invites Singaporeans to explore IT-BPM opportunities in the Philippines

The Department of Trade and Industry’s Philippine Trade & Investment Center (DTI-PTIC) and the Philippine Embassy, both based in Singapore, recently hosted a meeting for Singapore entrepreneurs from the APF Group headed by Chairman Dato Brans Ong, to share information technology-business process management (IT-BPM) opportunities in the Philippines.

During the meeting, IT and Business Process Association of the Philippines consultant Raymond Lacdao presented the industry’s outlook, latest developments and new business prospects for foreign investors. Lacdao also consults for the Contact Center Association of the Philippines and Philippine Software Industry Association.

The gathering offered a great opportunity for face-to-face business discussions and networking among 12 Singapore companies interested in the Philippines’ business process outsourcing space. Some of them expressed keen interest in exploring future partnerships with the Philippines for competitive IT-enabled services to support operations in Singapore and the region.

“The goal is to consistently engage the Singapore business community by updating them of our latest offerings in high-growth industry sectors such as IT-BPM and helping them network with the right contacts from the Philippines. We hope that through the seminar, we were able to promote mutual business growth and further enhance collaboration between Philippines and Singapore,” said DTI-PTIC Commercial Counsellor Glenn Peñaranda.

The Philippine IT-BPM sector has grown at an annual rate of 30 percent over a decade, faster than the growth of the global offshore services market. The industry has diversified significantly in breadth, scale, and maturity of services from contact center to back office, IT, healthcare, engineering, finance and accounting, animation and game development. Over 40 of the 2014 Fortune 1000 and other large global organizations, including those from India have a Global In-House Center in the country. These have built sizeable scale in the Philippines and have been driving the growth of non-voice and complex services.

The country remains to be a competitive provider and destination for IT-BPM services because of its English-speaking and skilled talent pool, competitive cost, government support and record of accomplishments. For Singaporean firms, sharing the same time zone with the Philippines is an advantage.

APF Group was founded by a group of Singapore entrepreneurs envisioned to help the growing businesses in Singapore. It organizes networking events for business owners, such as APF CEO Connects, which is done regularly via roundtable discussions and workshops.

PTIC invites Singaporeans to explore IT-BPM opportunities in the PhilippinesIn photo: AFP Chairman Dato Brans Ong (left) and Raymond Lacdao (right) from IBPAP during the discussion on IT-BPM Industry Outlook and Prospects in the Philippines.

DTI, IdeaSpace launch the QBO Innovation Hub

The Department of Trade and Industry (DTI) through its Export Marketing Bureau (EMB) and IdeaSpace Foundation (IdeaSpace), the leading early stage technology incubator and accelerator in the Philippines, today signed a memorandum of understanding for the establishment and launch of the QBO Innovation Hub at the DTI International Building, Sen. Gil J. Puyat Avenue, Makati City for startups and innovation entrepreneurs on August 8, 2016.

The Hub aims to link innovators, explorers, investors, academic institutions, start-up mentors, funders and enablers as well as a broad spectrum of partners and stakeholders from both public and private sectors to convene in constructive interaction and is DTI’s support to the startup community, particularly targeting startups with viable business propositions.

“This initiative is DTI-EMB’s way of providing relational form of assistance that boosts the climate of collaboration within the startup community, private sector, the academe and the government,” said DTI-EMB Director Senen M. Perlada.

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Philippines highlights Public-Private partnerships in achieving Sustainable Development

Speaking at the recent International Corporate Social Responsibility Summit in Singapore, Philippine Foreign Trade ASEAN Leader and Department of Trade and Industry’s Commercial Counsellor for Singapore, Malaysia and Brunei Glenn Peñaranda emphasized the critical role both government and private sector play in achieving sustainable development. Peñaranda spoke at the summit on behalf of the Philippine National Economic Development Authority (NEDA).

“The strengths and synergies of stakeholders will help in the formulation of better plans and programs that champion sustainable practices. We are committed in working with the private sector and civil society towards achieving green and sustainable development goals,” said Peñaranda.

The Philippines is one of the forerunners of sustainable development in Asia and has been considered one of the pioneers in the Asia-Pacific region in establishing a multi-stakeholder body, with the creation of the Philippine Council for Sustainable Development (PCSD) in 1992 which is currently chaired by the NEDA Director-General. It promotes development by policy integration, establishing indicators and standards in monitoring contributions of government institutions and businesses and continuing education and raising awareness for current and future generations.

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Indian companies explore trade and investment opportunities with PH

The Philippine Trade and Investment Center (PTIC) – New Delhi of the Department of Trade and Industry (DTI) recently held a business round table discussion with top Indian companies to explore trade and investment opportunities in the Philippines last July 7, 2016 at the PHD House, New Delhi, India.

Participated in by 70 Indian businessmen and key industry players, the event was jointly organized with the PHD Chamber of Commerce and Industry. It aimed to explore more business opportunities between India and the Philippines in priority key sectors such as information communication technology (ICT), automotive, agriculture, energy, and chemicals. Some emerging sectors such as pharmaceuticals, electronics and high-end furniture were also highlighted during the discussion.

Among the prominent speakers who delivered successful case studies and testimonials about Philippine-India joint ventures were Sandeep Tewari, Vice President of Field Fresh Pvt. Ltd, a leading food and fruit juice processing company in India with joint venture with Del Monte Philippines and Manoj Sahai, General Manager for Strategic Sales of the global multinational Tata Consultancy Services (TCS). Sahai emphasized the promotion of the Philippines as a top destination for Indian IT companies for those thinking to establish alternative delivery centers. Tata Consultancy Services is India’s number one IT services firm with a revenue turn-over of $16.4 Billion in 2016, with a market capitalization of US$ 80 Billion. TCS operates global delivery centers in the Philippines with about 4,500 employees.

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Investments registered with BOI doubles in first sem of 2016, reaches P186.51B vs. P92B in 2015

Investments registered with the Philippine Board of Investments (BOI) doubled in the first six months of 2016, reaching P186.51 Billion, or higher by 103% from the P92.02 billion posted in the same period last year.

Infographics BOI Approved Investments JantoJune 2016 copyAs the numbers already cover May and June, the growth is indicative of continued investor confidence as the country transitions to the Administration of President Rodrigo Duterte. “Sustained impressive investment performance validates the announced economic policy direction of the new administration” said Trade Secretary Ramon Lopez. BOI-approved investments in June 2016 grew by 254% compared with same month of the previous year. Secretary Lopez further said, “The challenge is ensuring that these investments benefit the poorest of the poor. The administration will be embarking on measures to make investments more inclusive through, among others, providing linkages with Micro, Small and Medium Enterprises (MSMEs), to the agricultural sector, and to the marginalized geographic regions.”

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