ptic london outsourcing briefer

8/14/2019 PTIC LONDON OUTSOURCING BRIEFER

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THE PHILIPPINES: YOUR PREMIER OUTSOURCING PARTNER

Outsourcing &OffshoringBusiness Process

Outsourcing

Finance & Accoun5ng Customer Support

We invite you to take a look at Business Opportunities with the Philippines, asglobalization brings a world of change to todays business realities. Given bothcountries strategic locations in their own mother continents, companies from thePhilippines and the UK may explore numerous joint and highly beneficialopportunities in business process outsourcing, engineering & graphics design,animation, banking and logistics among many others.

R&DHUMAN RESOURCESMedical & Legal

Transcrip5on

ContactCenters

EngineeringDesign

Anima@on


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The Philippines at a Glance


Products and Industries

Industrial Products Electronics Assembly, Garments, Footwear,Pharmaceu5cals, Chemicals, Wood, Products, Food Processing, PetroleumRening, Fishing

Agricultural Products Sugarcane, Coconuts, Rice Corn, Bananas, Cassavas,Pineapples, Mangoes, Pork, Eggs, Beef and Fish and Fishery Products

Export Commodi@es Semiconductors and Electronic Products, TransportEquipment, Garments, Copper Products, Petroleum Products, Coconut Oil,Fruits

Import Commodi@es Electronic Products, Mineral Fuels, Machinery andTransport Equipment, Iron and Steel, Tex5le Fabrics, Grains, Chemicals,Plas5c.

The Philippines is a na5on of almost 90 million people and is a founding memberstate of the(ASEAN) Associa5on of South East Asian Na5ons, with 400 million people.

The country is rich in natural resources and blessed with a tropical climate. It has a highlyskilled labor force, producing 400,000 universitylevel graduates per year and is the worldsfourth largest Englishspeaking na5on. English is the language of business and government.

The Philippines has a common history and close affinity with Europe and the Westernculture, having been a Spanish colony for 300 years. Its strategic loca5on in Asia makes it aperfect hub of opera5ons and entrypoint to Asia for Businesses from the United Kingdom.

The Philippine economy grew at its fastest pace in three decades with real GDP growthexceeding 7% in 2007. Today, it is one of the least affected economies in the world by thecurrent nancial crisis thanks to strict scal and nancial policies implemented by theGovernment since 1997. Higher government spending contributed to growth, but a resilientservice sector and large remi ances from the millions of Filipinos abroad have played anincreasingly important role.

Economic Facts (2007 es@mates)

GDP (Purchasing Power Parity) US$299 BillionGDP (official exchange rate) US$144 BillionGDP (real growth rate) 7.3%GDP (per capita) US$3,400GDP Composi5on per Sector

Agriculture 13.7%Industry 31.4%Services 4.8%

Labor Force 36.22 million


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Winning sectors in PhilippineOutsourcing . . .

business process outsourcing

so ware development medical transcrip5on legal transcrip5on anima5on graphics design engineering & architectural design nancial & accoun5ng services human resource management services among many others


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NOA AWARDS: OFFSHORING DESTINATION OF THE YEAR 2007

As a core selling point, Filipinos are world renowned for their friendly, pa5ent,accommoda5ng nature and unobtrusive a tude. The people are enthusias5c, available and alsohave an excellent knowledge of western culture. This workforce comes at a massively reducedcost when compared to the UK, es5mated at up to 90% less than westerners. As an addedbenet Filipinos have a very neutral Englishspeaking accent with a literacy rate of over 9 %.

The Philippines also boasts an excellent infrastructure as a founda5on for offshoringopera5ons in all elds. The jewel in the crown of this infrastructure is its high quality ber op5cnetwork, which I both robust and highly scalable. The costs of using these systems has alsodecreased steadily to a level of approximately GBP 2 00/month owing to its deregulated

telecommunica5ons industry driving compe55on across the board.

Loca5onwise the Philippines provides nearshore access to the increasingly important anda rac5ve ASEAN market of 0 million people. A maximum four hour plane trip to the key Asiancenters further establishes the Philippines creden5als as a logis5c hub for companies wan5ng togrow their Asian business.

An openmarket orientated government has seen the country ranked 2 nd among 32economies in the Grant Thornton Interna5onal Business Survey Review for business condence.The success of this environment is a ested to by investment from HSBC, Shell and Logica CMG toname but a few. With escala5ng investment and an increasingly impressive economic record, thePhilippines con5nues to develop its claim to the 5tle of a premier offshoring loca5on for the 21 stCentury. (directly quoted from the NOA AWARDS 2007 literature)

. . . The Philippines is truly developing as a global player inthe offshoring marketplace. Its a rac5veness as a des5na5onstems from a combina5on of important offshoringfundamentals alongside some highly valuable offshoringextras. UNITED KINGDOM

PHILIPPINES:ADJUDGED AS OFFSHORING

DESTINATION OF THEYEAR FOR 2007


PHILIPPINE TRADE & INVESTMENT CENTEREmbassy of the Philippines Commercial Sec@on1A Cumberland House, Kensington Court,

W8 5NX London, United KingdomTel.No.: +442079371898/ 7998

Fax: +442079372747Email: [email protected] Website: p5clondon.weebly.com

FOR INQUIRIES CONTACT US NOW AT:

ptic london outsourcing briefer

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