Saturday, November 8, 2008
Business Opportunities
Labour Force
Philippines has a highly trainable labour force as free education are provided from 6 years of primary education to 4 years of secondary education. This allows Filipinos to be equipped with all the necessary basic knowledge and skills and aids them in securing a job in the future. In addition, Filipinos have a strong English language proficiency and they have one of the highest literacy rate in South-east Asia (96.4% - 2007). Moreover, the minimum wage level ranges from PHP 350 - 362 which is relative low makes Philippines a country with inexpensive labour resources.
Booming Call Center & Outsourcing Hub
Philippines also has a booming local call center industry and the country is also a growing outsourcing hub for companies from North America, Europe and Asia due to the availabilty of cheaper alternative work solutions and processes. Companies from USA, Canada, Western Europe and even neighbouring Asian countries are utilizing Philippines' low cost potential.
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