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Sunday, 05 February 2012 00:29h. London UK

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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Eastwood City Cyberpark: Self-contained city for BPOs
Monday, 16 August 2010 09:24    Bookmark and Share PDF Print E-mail

The new Global One Center at Eastwood City will address the expansion requirements of locators as well as the office space requirements of new BPOs.Eastwood City Cyberpark prides itself as the country’s first information technology (IT) park.

It has a reputation of having been buildings for "business process outsourcing (BPO). The eighth building with a floor area of 34,000 square meters will be competed by the end of the year.

That makes Eastwood City Cyberpark, sitting on a 24.6-hectares area in Libis, Quezon City overlooking the Marikina Valley, the biggest concentration of BPOs in the whole country. After all, the firm, owned by office and condominium developer Megaworld Corp., was specifically designed to be the BPO and IT "capital" of the Philippines.

Among the more prominent locators in Eastwood City Cyberpark are IBM, Dell, Siemens and eTelecare.

The locators are engaged in call center, IT business services, human resource infotech, and animation, among many other activities.

According to Jericho Go, Megaworld’s first vice president for business development, Eastwood City Cyberpark has all the makings of being a BPO capital.

He said the new building "will address the expansion requirements of our locators as well as the office space requirements of new BPOs."

He explained that apart from having all it takes to operate a BPO – wired environment, adequate communications facilities, back-up power and fiber optic cables – the cyberpark also offers BPO officials and employees new residential condominiums for lease. Read more...

By Amado P. Macasaet (www.malaya.com.ph)

 

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