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Americans to invest here due to crisis, says US ambassador |
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Sunday, 30 March 2008 |
The Manila Times - March 10, 2008 By Likha C. Cuevas-Miel, Reporter AMID the slowdown in the world’s largest economy, more American firms are investing here to take advantage of local growth prospects, according to the US ambassador to the Philippines. Amb. Kristie Kenney told reporters during a visit to the Philippine Stock Exchange last Friday that the US slowdown has fueled investment interest in the Philippines. Many American firms may continue to do business here if the government would continue its economic reforms, she said. “It’s a difficult time [in the US] as you know. There are certain issues that need to be addressed and Congress has passed an important stimulus package which I think will allow for things to turn around. And I think for countries like the Philippines [it is important] to keep moving with your economic performance. It’s a global world but there is a lot of competition for where to invest or where to go. The Philippines has a strong economic growth last year and you want to keep focusing on the things that happen to attract investors,” she said. |
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Last Updated ( Sunday, 30 March 2008 )
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Energy and Agriculture Secretaries Hold Joint Press Conference at Embassy; Discusses Agri-Business |
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Sunday, 30 March 2008 |
Following their participation at the 2008 World International Renewable Energy Conference (WIREC) in Washington D.C. on 4-5 March 2008, Energy Secretary Angelo Reyes and Agriculture Secretary Arthur Yap hold a joint press conference with Manila and Washington D.C. based media to brief them on their activities at the conference and to discuss Philippine pursuit of bio-fuel and the possible impact of the implementation of the Philippine bio-fuels law, developments in agribusiness, the pursuit and development renewable energy sources and its impact on the Philippine economy, and other related issues.
PHOTO: Energy Secretary Angelo Reyes with Agriculture Secretary Arthur Yap to his right fielding questions from Manila and Washington D.C. based media at a joint press conference held at the Philippine Embassy on 04 March 2008. |
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Philippines emerging as top choice for outsourcing |
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Sunday, 30 March 2008 |
MANILA, Philippines -- The Philippines is giving India a run for its money in the booming call center industry, according to the latest Asian Contact Center Benchmarking Report. Callcenters.net president Catriona Wallace said in a news briefing Friday that call center seats in the Philippines would increase 23.4 percent this year from the present 129,000, which would make the Philippine industry the fastest-growing in countries covered by the report.
India’s 500,000-strong contact center sector grows at an average of 10 percent a year, Malaysia’s 33,000 by 17 percent, Thailand’s 28,000 by 15 percent, and Singapore’s 20,500 by eight percent, Wallace said. “We noted that there is a shift to the Philippines from India as the top-of-mind choice for outsourced services,especially in customer-related work,” she said. |
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