Cyber City Teleservices to invest Php119 million in Davao

A business process outsourcing (BPO) company is investing up to Php118.6 million for a call center business in Davao City, according to the Board of Investments in Southern Mindanao. Cyber City Teleservices, a US-based call center and BPO company, is opening a call center business in Davao, with a target of generating at least 2,000 jobs. The Cyber City investment was announced in 2015 as one of the big investments in the Davao Region. For the entire 2015, the BOI registered Php13 billion worth of investment in the Davao Region. The region includes Davao City and the provinces of Davao del Sur, Davao Oriental, Davao del Norte, and Compostela Valley. Davao has been beefing up its marketing efforts to attract more BPO firms.