Manila is the political, educational and commercial capital of
thePhilippines. The city which is also often referred to as Metro
Manilais a pulsating metropolis which is made of several smaller cities
likeMakati, Passay, Quezon, Caloocan and Pasig. However in spite of
theseglaring contrasts and inequalities, Manila today features
prominentlyas a global outsourcing and business processing hub.
In
2006,the Philippines which has the third largest English-speaking
populationin the world raked in revenues of $2.1 billion from its
outsourcingindustry as it was ranked third behind India and China in a
globaloutsourcing survey. It is estimated that the BPO (business
processoutsourcing) business in the Philippines will earn as much as
US$11billion in 2010 as it will employ more than 900,000 people. This
BPOboom in the Philippines is currently being led by the demand
foroffshore call centers by western companies who are looking to
cutcosts. Manila is at the heart of the outsourcing business in
thePhilippines However the recent growth spurt in the outsourcing
industryin the Philippines has not been fueled by the traditional low
valueadded call centers but more high end outsourcing services like
legalservices, medical transcription, software development, finance
andaccounting, shared services and web design and animation.
ThePhilippine government has also done its part in promoting
thisoutsourcing industry as it has offered several fiscal and non
fiscalincentives to attract foreign direct investment in this industry.
Itslabor quality ranked is fourth among all the Asian nations according
toa survey conducted by the U.S. based Meta Group.
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