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DECEMBER 6, 2012

The Philippines is now among the “new darlings of investors” in Asia. . A new CNBC Asia article “Who Is Asia’s New Darling of Investors?” mentioned that the economic growth in the Philippines, boosted by growth in the services sector, has impressed several economists in the region. . The country’s 5.9 percent gross domestic product (GDP) growth for Q2, in particular, is one of the highest posted in Asia – next only to China and Indonesia – and best

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NOVEMBER 27, 2012

The Philippine government will continue to work to expand the Philippine economy and sustain the growth it posted for Q1 of this year. In a statement published in the Philippine broadsheet Manila Bulletin and posted on Yahoo! News, Finance Secretary Cesar V. Purisima said that the administration of President Noynoy Aquino will work to sustain the level of growth achieved this first quarter by continuing the investments made to build the necessary infrastructure that will support the growth of in

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NOVEMBER 19, 2012

Economic growth and resilience in Southeast Asia is “credit positive” according to Moody’s Investors Service, which pointed out that some countries in the region – the Philippines, among them – continue to show growth despite the weaker showing of other economies in the region. . Christian de Guzman, Moody’s Assistant Vice-President, said in the credit rating agency’s report, as quoted by broadsheet Business World, that the “economic resilience in

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NOVEMBER 14, 2012

The Philippines’ Department of Trade and Industry (DTI) is presenting a road show for several cities in the country to roll out the Investment Priorities Plan (IPP) for 2012 and let the public and potential investors know more about opportunities in key areas of the Philippine economy. . Trade Undersecretary Cristino Panlilio said in an interview with the Philippine Star that the roadshow will also explain the general principles of the IPP to the public. .

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NOVEMBER 4, 2012

An industry report shows that the global animation software industry is projected to post 18.1% growth from 2011 to 2015. The report from Research and Markets indicates that the entertainment industry’s growing adoption of animation content is one of the key factors driving the growth of the global animation software market. . Recent increased demand for 3D and 2D animation content for movies worldwide is also a major factor.

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OCTOBER 28, 2012

The Philippine Information and Communications Technology Office, which is under the Department of Science and Technology (DOST-ICTO) in the Philiippine government, will spotlight the country’s Information Technology Business Process Outsourcing (IT-BPO) sector in a coming road show to be held in areas dubbed as Next Wave Cities (NWCs). . NWCs are areas outside Metro Cebu and the National Capital Region that are seen as promising locations for IT-BPO investment and employment.

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OCTOBER 13, 2012

The Philippines’ IT-BPO (information technology-business process outsourcing) industry organization announced recently that it will review the response to calamities and natural disasters to strengthen industry efforts to safeguard the well being of employees as well as lessen service disruption. “We’ll continue to work closely with the government to ensure employee safety, enhance disaster preparedness, and mitigate service disruption,” Business Processing Association of

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OCTOBER 7, 2012

The Philippine economy posted 5.9% growth for the second quarter of 2012. The percentage is significantly higher than the 2011 Q2 figure but is still lower than the 6.3 percent growth posted in 2012’s first quarter. . Last year’s second quarter growth percentage was 3.6. This year’s second quarter figure is said to be closer to what analysts projected. .

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SEPTEMBER 30, 2012

As the Philippines maintains its position as the leading provider of voice services in the world, it also continues to post rapid growth as a non-voice service provider, according to the Business Processing Association of the Philippines (BPAP). . BPAP figures show that in 2011, the country’s non-voice services – a sub-sector of the business process outsourcing industry – posted 30 percent growth as the entire IT-BPO sector achieved 24 percent growth. .

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SEPTEMBER 24, 2012

A new report places the Philippines at number six among the world’s ten fastest growing economies with an expected average growth of 7.3% over the next 38 years. . The country, according to the Knight Frank and Citi Private Wealth’s 2012 Wealth Report, will be among the most rapidly growing economies in the world as developing markets in Asia become the major sources of growth across the globe by 2050.

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SEPTEMBER 15, 2012

The Data Privacy Act, also called Republic Act No. 10173, has been signed into law by President Benigno Aquino III recently. . The law is seen as a boost to the country’s rapidly expanding information technology and business process outsourcing (IT-BPO) sector. . Business Processing Association of the Philippines (BPAP) president Benedict Hernandez said in an interview quoted on www.interaksyon.com, “Much of our work involves confidential personal and company information, and client

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SEPTEMBER 9, 2012

Despite economic uncertainties in Europe and the United States and a weak global economic environment, an economic expert says that the Philippines is now one of the best performing economies in the region. . In a recent interview with Bloomberg, Michael Spencer, Deutsche Bank AG’s chief economist for Asia said that the Philippines is the “strongest-performing economy”?

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AUGUST 25, 2012

The “Bring Jobs Home Act,” also known as the Anti-Outsourcing Act, has been rejected by the US Senate. The bill’s rejection was welcomed by the Business Processing Association of the Philippines (BPAP), the umbrella organization of the IT-BPO (information technology – business process outsourcing) and GIC (Global In-House Center) industry in the Philippines.

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AUGUST 19, 2012

Vocational and training school TESDA (Technical Education and Skills Development Authority) recently announced training programs for near-hires and certification for trainers for business process outsourcing (BPO) companies in the Philippines. The government-run agency encouraged local BPO firms to register their company training programs for “near-hires.”?

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AUGUST 16, 2012

With a goal of $10 billion annually in Foreign Direct Investment the Philippines is working to in increase investment from abroad, particularly in shipyards, factories, and call centers or the voice services sub sector of the business process outsourcing (BPO) industry. . According to Trade and Industry Secretary Gregory Domingo, the country received 24 business teams – from countries such as Japan, Russia, and Turkey – in the first six months of 2012.

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AUGUST 5, 2012

The Philippines’ business process outsourcing (BPO) industry is aiming for $26B in revenue by 2015 as economic conditions across the globe encourage companies in developed countries to outsource more work. . The target revenue is a billion pesos higher than the previous projection of $25 billion for 2015 and is twice the projected revenue for 2012.

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AUGUST 2, 2012

The Data Privacy Act will boost investment in the Philippines’ Information Technology- Business Process Outsourcing (IT-BPO) sector according to the Business Processing Association of the Philippines (BPAP). . BPAP president and CEO Benedict Hernandez said that the proposed data privacy law – which is based on European Parliament standards and is in accordance with the Asia Pacific Economic Cooperation (APEC) Information Privacy Framework – will bring the country up to internat

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JULY 28, 2012

The Philippines’ business process outsourcing (BPO) industry and the information and communication technology (ICT) sector are on target to reach $50 billion revenue by 2016 according to ICT Office (ICTO) Executive Director Luis Casambre. Casambre, who was a guest recently at the Cebu ICT and BPO Conference, said that ICT-BPO added $10.9 billion in revenues to the 2011 gross national product (GNP).

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JUNE 3, 2012

The country’s software services outsourcing sector reached positive growth of 37 percent in 2011 according to a recent study done by the Philippine Software Industry Association (PSIA). This percentage translates to $993 million in revenues. . A growth rate of 11% — which means jobs for about 50,000 information technology (IT) professionals – was also seen. .

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MAY 23, 2012

The Philippines is a good example of a country thatâ’s taking the development path from an agricultural economy to an economy that is supported by services, according to Asian Development Bank (ADB) country director for the Philippines Neeraj Jain, who added that the traditional path of development is from agriculture to industries and then to services.

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MAY 14, 2012

Information technology company IBM is set to expand its business in the Philippines and establish several research and development (R & D) centers in several locations in the country. This will be done through a partnership with the Department of Science and Technology (DOST). DOST Secretary Mario Montejo said in an interview with the Manila Bulletin that the move is a clear signal that technology companies such as IBM really look at the Philippines as a place to go for R & D activities.

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MAY 15, 2012

The Philippines is becoming a favored investment destination for large multinational companies that hope to expand and diversify their manufacturing operations worldwide, according to an official of investment banking giant BofA Merrill Lynch. He cited rising factory costs in China as one of the reasons behind the trend. BofA Merrill Lynch’s New York-based executive vice chairman for international corporate and investment banking James Quigley, said in a press briefing that currently there

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MAY 9, 2012

Citing two global industry reports, Philippine Software Industry Association (PSIA) President Nora Terrado recently said that the Philippines is now considered one of five “mature locations”? providing outsourced software services. The PSIA president said that a report by the Everest Group “a business leader advisor on next generation global services” described the Philippines along with India, China, Poland and Brazil as “mature locations”?

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MAY 10, 2012

The Philippine government, represented by the Department of Finance, and the Asian Development Bank (ADB) signed a memorandum of understanding (MOU) to grant $650,000 in technical assistance to the Philippines’ Information Technology-Business Process Outsourcing (IT-BPO) sector. ADB Country Director Neeraj K. Jain and Finance Secretary Cesar Purisima signed the MOU during the 45th Annual Meeting of the ADB Board of Governors. .

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MAY 2, 2012

The Philippines is nearing a point where the majority of its citizens will be of working age and will have the ability to contribute to the growth of the economy, Bangko Sentral ng Pilipinas (BSP) Gov. Amando M. Tetangco Jr. said. . Tetangco – who was interviewed after he delivered his speech at a forum hosted by Euromoney, a monthly publication – said that the point he is referring to is what demographers call a “sweet spot.”?

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MAY 1, 2012

The National Economic and Development Authority (NEDA) is projecting growth of at least 15% annually for the Philippines’ Business Process Outsourcing (BPO) sector. . According to NEDA Assistant Director General Ruperto Majuca, the estimated 15 percent growth is an average figure for the years 2011 to 2016. He indicated that It could even reach 20 percent if public and private partnerships are strengthened.

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APRIL 26, 2012

There is significant demand for professionals in Information Technology at Business Process Outsourcing (IT-BPO) hubs all over the Philippines, according to Business Processing Association of the Philippines (BPAP) president and chief-executive-officer Benedict Hernandez. That’s one of the reasons for BPAP’s latest campaign – a new career portal called “Work Abroad.

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APRIL 23, 2012

The Philippines’ Information Technology and Business Process Outsourcing (IT-BPO) sector earned $11 billion in revenues in 2011 and is set to hit targets projected in the sector’s Road Map 2016, according to Business Processing Association of the Philippines (BPAP) President and Chief Executive Officer Benedict Hernandez. The revenue figures mark a 24 percent increase over 2010.

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APRIL 21, 2012

The Philippines’ Information Technology Outsourcing (ITO) industry is experiencing tremendous growth and is set to capture twice its current global market share by 2016 according to Alejandro Melchor III, Deputy Executive Director, Industry Development of the Information and Communications Technology Office of the Department of Science and Technology (DOST-ICTO), who made the projection during a recently held membership meeting of the Philippine Software Industry Association (PSIA).

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APRIL 9, 2012

Three animation studios from overseas are eyeing the Philippines for their local units to be established within 2012 according to property consultant David T. Leechiu of real estate services firm Jones Lang LaSalle Leechiu (JLLL). Leechiu, the country head of JLLL, told Business World reporter Franz Jonathan dela Fuente in an interview that the three studios will establish operations in the Philippines and will hire animators.

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