BPO group pouring in $1M in NegOc-A A +A
Wednesday, February 12, 2014
BUSINESS processing outsourcing (BPO) group Ubiquity Global Services Inc. president Matthew Nyren said Tuesday that their company is pouring in at least $1 million (P45,065,000) during its first year of operations in Negros Occidental.
The BPO organization, which is located in New York City, also has offices at the Bonifacio Global City in Taguig, and will soon start its operations outside Metro Manila at the Negros First Cyber Center in Bacolod City.
It is the first locator to have signed a contract of lease with the Provincial Government for a 1,200-square meter space at the Cyber Center.
Nyren and Gov. Alfredo Maranon Jr., during a ceremony at the Governor’s Office on Tuesday, signed the lease agreement.
"We've been very impressed with the professional talent available in Bacolod and in Negros Occidental," Nyren said.
He said they plan to hire more than 200 employees in Bacolod over the next 90 days and will continue their operational expansion throughout 2014.
Marañon said the signing of the contract with Ubiquity Global is just the beginning of the arrival of BPO locators that have signified their intentions of leasing space at the Cyber Center.
"Many more are coming, this is just the beginning. In fact, we already have overbooking for spaces,” he said.
The governor said the first floor has 120 rentable spaces, but 260 firms have already applied for lease. The awarding of the spaces will be determined through bidding.
He said the cyber center is expected to be completed before June after delays in its completion due to the delayed approval of the Bangko Sentral ng Pilipinas (BSP) monetary board of the province's loan for the second phase of construction.
“We are hoping for the approval of the loan soon so it's not a problem anymore,” the governor said.
The Cyber Center, worth P630 million, would be able to pay for itself in eight to nine years, Marañon said.
The Provincial Government took a loan of P450 million from the Development Bank of the Philippines (DBP) for the first phase of the Cyber Center.
The second phase, which costs P180 million, includes a P157.5-million from the Land Bank of the Philippines and a P22.5 million sourced out from the unrestricted funds under the General Fund.
Published in the Sun.Star Bacolod newspaper on February 12, 2014.