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Saturday, October 02, 2004
Pearl2 funds mission to study outsourcing
THE Private Enterprise Accelerated Resource Linkages (Pearl2) project has helped finance the Cebu Investment Promotions Center’s (CIPC) mission to North America to know more about the outsourcing trend, specifically business process outsourcing (BPO).
CIPC managing director Joel Mari Yu told Sun.Star that he will attend two important events—the Outsourcing New York Convention in New York from Oct. 5-7 and the Asia Pacific Investment Forum in Vancouver, Canada.
On the sidelines of the opening of Pearl 2’s Visayas Regional Office in Cebu yesterday, he said the Canadian International Development Agency (Cida) had already arranged for him to do a presentation on Cebu during the Asia Pacific Forum in Vancouver.
Yu will also be visiting six BPO companies in Silicon Valley in San Francisco, USA.
“BPO is a very broad sector. We have to understand what BPO is all about and what is our (Cebu’s) niche in the BPO market. It is only in studying BPO firms that we are able to know what we can do in order to attract BPOs to Cebu,” he said.
Yu said Pearl2 is shouldering part of the cost of CIPC’s business mission.
Beneficiary
CIPC is one of the beneficiaries of the capacity development for investment promotions (CDIP) component of Pearl2, a project funded by the Cida.
CDIP is focused on strengthening the capability of investment promotion agencies (IPAs) such as CIPC, including the Philippines’ Board of Investments, to promote investment and facilitate strategic links between Philippine small and medium enterprises and firms outside the Philippines.
CDIP program manager Angie Barrios said CDIP’s support to IPAs includes preparations and promotions for business missions, domestic and international trade exhibitions and conferences for business support organizations.
The program will also use training curricula highlighting international best practices in investment promotion, based on the World Bank Multilateral Investment Guarantee Agency investment promotion toolkit.
The P400 million Pearl2 project was launched in 2002 through a bilateral agreement between the governments of Canada and the Philippines. Pearl2 is Canada’s flagship project for private sector development in the country. (JBN)
(October 2, 2004 issue)
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