Philippines To Get More Australian Investments

Philippines to get more Australian investments

Philippines To Get More Australian Investments

The Australian ambassador to the Philippines, Steven Robinson AO, has said he expects the Philippines will see more investments from Australia over the coming years due to its booming economy and efficient workforce. Ambassador Robinson said many Australian firms had partnered with the Philippine government and were supporting the construction of numerous infrastructure projects. Robinson noted that the country’s GDP is projected be at least 6 to 7% annually for the next decade, according to the World Bank and the International Monetary Fund. He added that any country would want to take advantage of this projected growth, and Australia is looking at how it can get its businesses to invest in the Philippines and be part of its transformation.

Robinson said there are currently 300 Australian firms in the Philippines, with some tying up with local firms to contribute to the government’s Build, Build, Build program. The ambassador praised the Filipinos’ service mentality and approach to life, saying Australian companies have many opportunities to utilize the skills of English-speaking, educated and highly-focused Filipino workers. Trade with the Philippines currently stands at AUD5bn a year (USD3.4bn), but it should be bigger than that given where the Australian economy now is and where the Philippine economy is projected to go, said Robinson.

Read more here.

Related outsourcing resources

  • Top 40 BPO companies in the Philippines
    UPDATED: Welcome to the Top 40 BPO Outsourcing Companies In The Philippines.  The BPO (Business Process Outsourcing) industry plays a vital role in the emerging economy of the Philippines, and contributes over 11% to the GDP.  It is the single largest sector, employs over 1.2 million people, spre...  Read more
  • The strong future of outsourcing: White Paper
    A white paper, by Outsource Accelerator, exploring the trends, challenges, and initiatives in the outsourcing sector, and the unrecognized potential of the SME Sector as the potent success factor. Part I. Overview Introduction to outsourcing:  a recent search for efficiency The 1997 Asian financi...  Read more
  • Ultimate guide to outsourcing
    It takes courage and conviction to take your business down the outsourcing road. Outsourcing may include risks; which is why this guide was written to teach you on how to do it as safe as possible and also to maximize returns sooner. These days could be some of the most exciting times in your li...  Read more
  • Business Process Outsourcing (BPO) definition
    What is business process outsourcing? Business Process Outsourcing (BPO) is the engagement of services from a third-party provider. BPO uses various technology-enabled services to hasten the delivery of services. The business activities could be back-office such as, but not limited to, payroll, a...  Read more
  • How outsourcing can cut labor costs by up to 70%
    Outsourcing some of your business’s processes is a smart choice regardless if your company is a small startup that’s well on its track to become a multinational enterprise, or if you’re already there and you’re looking to expand your operations. By contracting work to other companies, your busi...  Read more
  • Mads Singers - Get the most out of your outsourced team
    Mads Singers Mads Singers is a management consultant, trainer and also outsources as well. He has an outsourcing operation down in Davao, Philippines. I had a really good conversation with Mads about how to motivate and run remote teams, and more importantly, how to get the best out of your outs...  Read more

James D. has submitted "3 free quotes"

Start Now

days ago.