Sun.Star Economic Forum

AN EXECUTIVE of a business process outsourcing (BPO) company admitted that the companies in the industry are partly to blame for misconceptions about the kind of work in a BPO company.

Yogesh Malhotra, lead for Accenture’s Philippine Delivery Center Network for BPO, said “glamorizing” the work of a BPO employee is one of the reasons that many leave the industry.

Most of the recruitment advertisements posted by BPO companies usually highlight “fun at work.” (more)

AMID the lack of qualified people who meet the labor demands of business process outsourcing (BPO) companies, an official of a Cebu-based foundation remains bullish about Cebu’s potential to be a Silicon Valley or an “innovation island” and contribute to the country’s economic growth through technological entrepreneurship.

Bonifacio Belen, executive director of the Cebu Educational Development Foundation for Information Technology (Cedf-it), explained that Cebuanos possess the creativity and entrepreneurship skills that are waiting to be tapped by industry players. (more)

SUN.STAR Publishing Inc. President Jesus B. Garcia opened Wednesday’s Sun.Star Economic Forum on Business Process Outsourcing with the identification of challenges and issues confronting the industry.

This year’s economic forum is focused on the prospects and challenges of BPO.

Garcia, who was former transportation and telecommunications secretary, said Cebu being a limestone island couldn’t grow in terms of agriculture and industry.

“The only way for Cebu to grow is to grow through the services sector, “ Garcia added.

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DESPITE reported losses in the export sector, particularly among furniture exporters and seaweed processing companies, the National Economic and Development Authority (Neda) identified the two industry segments as promising investment areas in Cebu. (more)

CEBU CITY (Updated 5:04 p.m.) — In response to President Gloria Macapagal-Arroyo’s target of making Central Philippines as a tourism mega-region, the Tourism department drafted a program for Cebu to garner one million foreign visitors in 2012. (more)

SUN.STAR Publishing Inc. is staging its 4th Sun.Star Economic Forum on Aug. 23 at Marco Polo Plaza Cebu.

The Sun.Star Economic Forum (SEF) is an annual presentation and discussion of economic issues and business opportunities in Cebu.(more)