by: Karen Cayamanda
Friday, January 9, 2015 | Outsourcing News |
Based on a report by the Urban Land Institute (ULI) and PwC, the country’s business process outsourcing industry will continue to be a growth driver for the property market as it calls for more office space and development.
Manila was at the 8th spot in the list of Asia Pacific countries in investment and development prospects, according to the Emerging Trends in Real Estate Asia Pacific 2015 report. This ranking is higher than Singapore, Taipei, and Bangkok.
The study stated that Manila’s popularity will be supported by strong economic growth as well as the ongoing investment in the outsourcing industry. Also, the robust industry resulted to strong growth in retail and housing sectors.
Hans Sicat, President of the Philippine Stock Exchange, said the industry will continue to grow as BPO hubs in the country expand their services to foreign clients. He added that the talent pool and the expansion of various skill sets available in the country are strong growth indicators. There is also an increase in the number of countries where the Philippines offers its services.
Alex Cabrera, Chairman and senior partner at Isla Lipana, said local companies also contribute to the growth of the industry. He added that the educational system must be realigned to include courses that focus on training BPO agents.
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