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PH Govt Fully Supports BPO Industry’s Expansion

by: Sarah Joson

Tuesday, July 12, 2011 | Outsourcing News |

Aquino Administration Full Support of PH BPO

President Aquino recently said in a statement during the inauguration of NetworkLabs, Nokia Siemens Network’s (NSN) research and development facility, that the government will fully support the developments in the BPO industry.

The President said that some of the things the administration is looking into are: business registration processes, efficiency of tax ruling procedures, and reduction of required documents for bidding in public works. The government also intends to draw investors by proposing tax incentives like income tax holidays for BPO-related investments, which enabled the BPO sector to gain net margins that are higher than those in India for 2010.

“We want to see more businesses opening, and to see many more skilled Filipinos being employed. More businesses open, the more opportunities our countrymen will have to show what they are capable of," said President Aquino.

NSN NetworkLabs is the first R&D facility in Southeast Asia that services and supports R&D teams globally. He added that it is an honor to be chosen as the facility’s location, because it proves that the Philippines is a leader in the BPO industry.


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