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PEZA Cites Eastwood City as Top IT Hub in 3 Categories

by: Sarah Joson

Saturday, March 31, 2012 | Outsourcing News |

Eastwood Cyberpark Philippines cited as Top IT-BPO Location

Eastwood City Cyberpark, the Philippines’ first registered information technology (IT) park, was recently cited as the leader in three key categories by the Philippine Economic Zone Authority (PEZA): export revenues, salaries and wages, and number of direct employees.

Out of US$5.85 billion worth of exports, Eastwood City’s outsourcing and offshoring locators contributed US$486.29 million in export revenues for 2011, a 37.27 percent increase from US$354.19 million recorded in 2010.

Salaries and wages of employees amounted to P10.42 billion, a 31.4 percent increase from 2010’s P7.93 billion. Eastwood City Cyberpark’s PEZA-registered locators also employed the most number of direct workers, providing 31,044 jobs last year. This is a 60-percent increase since 2010. Meanwhile, real estate giant and developer of Eastwood City Cyberpark Megaworld said if non-PEZA locators were included, nearly 40,000 jobs would be reported by the IT park.

Jericho Go, Megaworld’s FVP for Business Development said Eastwood City Cyberpark has made an impact to the lives of numerous Filipinos by providing job opportunities. He is confident about the future of the IT park which is predicted to contribute US$500 million in revenues this year.


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