| The Philippines- ICT Hub of Asia |
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The Philippines’ reputation for being the World-Class ICT Hub of Asia, for industries such as finance, telecommunications, utilities, retail, distribution and government, is due to a number of different qualitative and quantitative factors. One of the most definitive advantages over other Asian countries is the quality of the numerous skilled human resources. With a literacy rate of ninety-two point six percent (92.6%) of the total population, and with over eighty-six IT universities and colleges nationwide, the number of Information Technology professionals being produced annually increases constantly, all receiving various extensive training, certifications and specializations.
The Philippines is home to leading professionals and specialists of software services,, applications development, Quality Assurance, business services, human resource management and a multitude of other fields. They all play a major role in the development of the outsourcing industry of the Philippines. With excellent work ethics and high levels of employee loyalty, companies enjoy low attrition rates. Due to the ease of access, The Philippines has become a critical entry point and gateway of international business. The country offers a stable business environment and an established infrastructure, especially in telecommunications, both of which meet the demand of global enterprises. Unlike most Asian countries, The Philippines is very westernized, and is the third largest English speaking nation in the world, which makes the country globally competitive. This makes communication quick, comfortable, and efficient. In fact, the medium of instruction in most universities and colleges is primarily English. Most of the mainstream media is in English. The culture, though distinctly Filipino, is engrained with various western influences; this makes dealing with Filipinos very easy. The lack of a language barrier makes The Philippines a great option for countries such as Japan, the United States, the United Kingdom, China and Europe as their global solutions partner.
Because of these factors, the Philippines has become the one of the leading outsourcing choices for companies from all over the world. |