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The Philippines as an Outsourcing Destination




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Investment Incentives

4 to 8 years Income Tax Holiday (ITH)

Special 5% tax rate on gross income after the lapse of ITH (for IT Park / Ecozone locators)

Tax and duty exemption on imported capital equipment (for IT Park / Ecozone locators)

Unrestricted use of consigned equipment

Additional deduction for labor expense up to a maximum of 150%

Additional deduction for training expense up to a maximum of 150%

Exemption from wharfage dues

Employment of foreign nationals

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Government readies trade show to promote RP outsourcing
Wednesday, 13 January 2010 10:56    Bookmark and Share PDF Print E-mail

e-Services 2010The Department of Trade and Industry through the Center for International Trade Expositions and Missions (CITEM) is preparing for the 10th e-Services Global Sourcing Conference and Exhibition as part of its trade promotion program for the ICT/BPO sector.

The event follows the recent win of the Philippines as the “Best Offshoring Destination of the Year” in the recently concluded 6th annual National Outsourcing Association (NOA) Awards in the United Kingdom, edging out shortlisted contenders Egypt, Russia, Malaysia, and Sri Lanka in the event held at the Park Plaza Riverbank Hotel in Central London. It first received the same distinction in 2007.

Held annually, the e-Services Global Sourcing Conference and Exhibition is a 2-day international trade show and conference in the Philippines that serves as the platform for IT and ITES (IT-enabled services) providers from around the globe to network under one venue. For 2010, the show targets over 200 exhibitors and more than 2,000 trade buyers. In the past, e-Services became the meeting point for experts and C-level executives from different countries who are looking to expand in the Philippines.

David Barrett, Chief Executive of Procuritas Limited, an advisory company engaged in engineering sourcing transactions with BPO suppliers and customers, notes the recent e-Services as “a strong endorsement of the partnership between the Philippine government and its BPO industry.”

A testament to the country’s resilience in the face of recession, the Philippine ICT/BPO industry, powered by staunch government support, has continued to grow via the introduction of new services offered to the global market. Traditionally the foremost offshore destination for voice-based services, the sector has expanded to include higher value services such as finance, accounting, architectural and engineering services, software development, animation, game development, and medical and legal transcription, among others.

According to a research done by government-run UK Trade & Investment, the Philippines has jumped 14 spots to land at the 9th spot among key emerging markets for global investors in 2009.

Set on 8-9 February 2010 at the SMX Convention Center in Pasay City, Philippines, e-Services 2010 is geared towards carving a bigger niche for the country in the global offshoring business given the unique possibilities presented by the recession and by such milestones as the NOA award.

Partner agencies include the Board of Investments (BOI), the Foreign Trade Service Corps (FTSC), the Regional Operations and Development Group (RODG), and the Commission on Information and Communications Technology (CICT).

For more information on e-Services 2010, log on to www.e-servicesphils.com or contact the Center for International Trade Expositions and Missions (CITEM) e-Services Project Management Team at tel. nos. (632) 832-5044 / 831-2201 locals 212/251/278/301, or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

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