by: Karen Cayamanda
Thursday, March 31, 2016 | Outsourcing News |
The Information Technology and Business Process Association of the Philippines (IBPAP) added 10 new areas to the growing list of locations that will support the growth of the information technology-business process management (IT-BPM) sector. These areas, collectively called 10 Next Wave Cities, are Baguio, Cagayan De Oro, Dagupan, Dasmariñas, Dumaguete, Lipa, Malolos, Naga, Sta. Rosa in Laguna, as well as Taytay in Rizal.
According to IBPAP, out of the 42 cities assessed last year, these 10 Next Wave Cities emerged on top based on factors such as talent pool, infrastructure, good business climate, and cost competitiveness.
IBPAP Chairman Danilo Sebastian Reyes said these new IT-BPM hubs are expected to contribute 40 percent to the total revenues generated by the sector. This is higher than the contribution of next wave cities two years ago which accounted for only 22 percent. Metro Manila and Cebu accounted for the larger share of total revenues.
The 10 Next Wave Cities, identified and evaluated by IBPAP, Department of Science and Technology-Information and Communications Technology Office, and Leechiu Property Consultants (LPC), aim to spread out the development of the country's IT-BPM sector which will further contribute to the growth of the economy. LPC Chief Executive Officer David Leechiu said with sustained growth seen in the sector, industry players look at other areas which are suitable for their operations.
New emerging cities were also identified. These are areas that have the potential and foundation to become next wave cities, said IBPAP CEO and President Jomari Mercado. These emerging cities are Balanga City, Batangas City, Iriga City, Laoag City, Legazpi City, Puerto Princesa City, Roxas City, Tarlac City, Tuguegarao City, as well as Zamboanga City.