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Cebu Business Park Turns into IT Park for more BPO Firms

by: Karen Cayamanda

Wednesday, May 26, 2010 | Outsourcing News |

Cebu Gov't Proclaims Business Hub as IT Park for BPOs

With the growing interest of BPO companies to relocate operations in Cebu, Ayala-owned 50-hectare Cebu Business Park was proclaimed as an IT park by the government.

“We realized that a number of BPOs have expressed interest to locate in Cebu because Cebu is the number one destination for BPO firms. We have to take advantage of that by putting up facilities and improving our infrastructure,” said Francis O. Monera, president of Cebu Holdings Inc.

Monera said the province attracts investors because of lower costs of salaries and cost of living. These make setting up a BPO center in Cebu less expensive. As an IT park, lot owners no longer have to get individual approval from the Philippine Economic Zone Authority. “All they have to do now is register with PEZA as IT building developer to be able to avail of government tax and fiscal incentives,” he said.




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