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Philippine Real Estate Buying Guide
Why the Philippines - ICT Outsourcing Location of Choice
Source: Business Process Association of the Philippines
Several factors make the Philippines a global ICT outsourcing location of choice:
- Low-cost and Quality Human Resource
A META Group research ranked the Philippines No. 4 worldwide in availability of knowledge workers. Every year, around 390,000 graduates from western-patterned college institutions join the workforce. Recent statistics from the Department of Trade and Industry estimates the Philippines' skilled labor at 29 million, all of whom are IT-enabled, highly trainable, and English-proficient. Historical and cultural factors have also made Filipino workers generally receptive to western business practices and work standards.
- Strategic Location for Global Trade
A vital entry point to the 500-million-strong ASEAN market, the Philippines is an ideal venue for international trade. It is also the gateway of international shipping companies and airlines like FEDEX and UPS. Outsourcing hubs, IT parks and economic zones are spread all over the country, particularly in Laguna, Clark, Subic Bay and Manila in Luzon; Cebu and Dumaguete in Visayas; and Davao in Mindanao.
- Robust Telecommunications and Reliable Infrastructure Support
The Philippines' open economy is supported by efficient and redundant international connectivity. Fixed line, cellular, cable TV, over-the-air TV and radio, and VSAT platforms are available, and communication costs are among the lowest in the region.
Additionally, the Philippines has 85 proclaimed economic zones across the country and boasts the presence of dedicated IT parks right in the center of business districts. Superior quality office space is available at low rates and reasonable lease agreement terms, and is mostly administered by international property management companies.
- Investor-friendly Government Programs and Incentives
To ensure a good investment climate for ICT outsourcing companies, the Philippine government has created the Commission on Information and Communications Technology(CICT). For more Informations about click here .
- Hospitable Lifestyle
World-class beaches and resorts, residential and commercial real estate developments, prestigious international schools for expatriates' children, entertainment and recreational spots, and other lifestyle hubs lure expatriates into making the Philippines their second home.
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