Australian investors remain attracted to the Philippines

The Philippine Institute for Development Studies (PIDS) said the country will remain an attractive destination for Australian investments. PIDS visiting research fellow Peter K. Ross and entrepreneur Mike O’Hagan said Australia’s small and medium enterprises can be a potential market for micro-offshoring services offered by Philippine-based business process outsourcing (BPO) firms. The expected continuous growth of the Australian SME sector should provide entrepreneurial opportunities for local Filipino SMEs looking to enter and tap the market, Ross and O’Hagan said. The PIDS report noted that that the Philippines’ location also favors Australian firms because there is only a two-hour difference to the Australian Eastern Standard time.