Cebu 5th top outsource center
October 27, 2007
CEBU CITY Cebu and Manila have made it to top five out of the 15 spots with good quality of workforce, financial infrastructure, risk environment and quality of life, according to a recent global survey. The others are the Indian cities of Bangalore, New Delhi, and Dublin.
A study by industry publication Global Services and investment advisory firm Tholons put the Indian cities of Chennai, Hyderabad and Pune at the top of a list of 15 emerging outsourcing destinations for global companies. Cebu Investment Promotions Center (CIPC) executive director Joel Mari Yu said he expects Cebu to reach number one, as the business process outsourcing (BPO) industry here is rising compared to that in India. Costs are surging in the prime cities in India, which has earned a reputation as the worlds back office, as property values and rentals rise and wages increase at an annual pace of more than 15 percent amid a shortage of skilled employees.
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