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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