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.

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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PH startups showcase innovative solutions in CommunicAsia2016

The Philippines recently participated in CommunicAsia2016 at the Marina Bay Sands Expo in Singapore featuring local startups selected by the Philippine Department of Science and Technology – Information and Communications Technology Office (DOST-ICTO).

The line-up includes Advanced World Solutions, Inc., GiftIt, Good Meal Hunting, InnoVantage, Launch Garage, MEDIFI, Orchestrack, ProudCloud and TicketBase which showcased creative and innovative solutions in online food marketplace for home-based cooks, TV and radio advertising monitoring and analytics, web development, social gifting, and remote doctor-patient consultation, among others.

“We are excited to again take the lead in the Philippine participation in CommunicAsia2016. We look at CommunicAsia as an excellent venue for highlighting Philippine digital innovations. This year, we featured several Filipino digital startups who we believe will eventually become big players in the region,” said DOST-ICTO Deputy Executive Director Monchito Ibrahim.

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Philippines Calls for more Singaporean Investments


Over 70 potential investors and business executives in Singapore discovered the investment potential and opportunities in the Philippines, including priority sectors such as Food, IT and BPM Services, Infrastructure and Public-Private Partnerships during a seminar recently organized by global law firm Reed Smith.

"Our country regularly achieves positive results in the growth of the gross domestic product. In recent years, we have done our utmost to improve the business environment. We have a large growing young population and domestic consumption is on an all-time high boosted by the continuous inflow of remittances. Furthermore, the Philippines offers one of the lowest costs of doing business in Asia,” said Philippine Trade & Investment Centre (PTIC) - Singapore Commercial Counsellor Glenn Peñaranda at the seminar.

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Singaporeans urged to invest in Philippine Franchise brands

PTIC-Singapore and the Association of Filipino Franchisers Incorporated (AFFI) recently reached out to the business community and Overseas Filipinos in Singapore to promote investments in Filipino franchise brands.

Armando Bartolome, franchise guru and incumbent chairman of (AFFI), spoke in a Singapore Business Federation seminar to introduce Filipino franchise brands seeking foreign partners. The featured Philippine franchisers were Colonial (Sili or Chili ice cream), Fiorgelato International, Nail It! Salon, Aquasuisse Parfums, Ferino’s Bibingka (rice cake), whose success potential investors can build upon.

Mr. Bartolome shared that the Philippines has the largest roster of franchisors in ASEAN with over 900 franchise concepts operating in the country. Sixty percent of the franchises are in the food sector and 30 percent are foreign brands. Annual industry growth for new franchisors is recorded at five percent.

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