Hard work made PH one of fastest economies

MANILA--Hard work and dedication of the Filipinos made the Philippines as one of the fastest growing economies in the world, the Canadian Chamber of Commerce in the Philippines (CanCham) said Monday.

Julian Payne, CamCham president said the IT-BPM industry continues to be one of the strongest industries this nation has produced.

“Employing more than 1.15 million Filipinos and generating a revenue of almost $23 billion, the Philippine IT-BPM industry continues to put the Philippines on the map by providing a unique set of offerings from customer relationship management to technology interventions and service delivery innovations to various geographies all over the world,” Payne told reporters in a press briefing during the 11th ICT Awards Philippines at Marriot Hotel in Pasay City.

“Equally as significant is the ripple effect that our industry creates for the rest of our economy by presenting a multiplier of more than three additional jobs for every direct job created by the industry,” he added.

He said IBPAP recently launched the Accelerate PHL Roadmap 2022 and they project the creation of over 100,000 high-value jobs every year, generating approximately $40 billion in revenue by 2022.

“How is this going to happen? It is through the proper execution of high impact programs identified by the road map, which mandate interventions and initiatives across human capital development, the impact of technology, inclusive growth, SME and startups, government relations, and country competitiveness,” he explained.

Payne also said the road map also provides guidance in terms of establishing best practices in association management and governance, which includes enhancing relationships such as partnership with the Canadian Chamber of Commerce of the Philippines to pursue such impactful collaborations such as the ICT Awards Philippines.

“As we accelerate to higher value and innovative services, the ICT Awards will serve as a platform to recognize companies and teams who will blaze the Roadmap 2022 trail. With everyone’s collective efforts, we are positioned to create a bigger, better ICT-enabled Philippines. What we have to remember is that the road to excellence never ends and technology is ever-evolving. Once you are an inspiration for others, where do you go next? For those who were and who will be nominated, we congratulate you for your tireless efforts in pursuing excellence. For all past winners and nominees, may you continue to be a beacon for the rest of the industry members to follow. Congratulations and thank you once again to the Canadian Chamber of Commerce of the Philippines and the International ICT Awards Committee for the partnership and for your continued support of the Philippine IT-BPM industry,” he said.

“Let us continue to inspire one another to achieve the goals set forth by the Accelerate PH Roadmap 2022 to realize a Digital Philippines,” he stressed.

He also said that as they created direct employment to more than half a million recipients, they contribute more than triple of the number of jobs under indirect employment.

“For example, the BPO offices are located at the upper floors of the building, food chains, restaurant, recreation, transportation and even entertainment are created near the vicinity which generates job to Filipinos,” he noted.

Because of the dedication and hard work of people behind this industry, Payne said he will not be surprised when the time comes that Philippines will need additional manpower outside the Philippines as it becomes the next developed nation in Asia.