IBPAP, SEIPI forge strategic alliance for jobs, revenue generation
The IT and Business Process Association of the Philippines (IBPAP) and the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) signed a Memorandum of Agreement (MOA) last Oct. 9 to strengthen the country’s efforts to generate additional jobs and revenues.
Together, the information technology and business process management (IT-BPM) and the semiconductor and electronics industries contribute significantly to the Philippine economy in terms of jobs and revenues, accounting for more than 20 percent of the country’s gross domestic product (GDP).
The partnership is geared towards amplifying the positive impact of their respective sectors in driving economic progress, fostering innovation, and promoting environmental, social and governance (ESG) initiatives in the country.
Outlined in the MOA are five key areas of cooperation to help accelerate the growth of both industries in the Philippines. These are ease of doing business, ESG (environment, social, government) agenda), industry development, investment promotion and job creation, and technology and AI (artificial intelligence).
On ease of doing business, both parties seek to create a more business-friendly environment through consistent engagement with the national and local governments and by advocating for policy reforms that simplify and streamline business processes for investors.
For ESG, the agreement aims to collaborate on initiatives that address current and emerging social, environmental, and corporate governance issues.
To promote industry development, the MOA also seeks to foster higher value Business Process Outsourcing (BPO) services in the Semiconductor and Electronics sector for Research & Development and Integrated Circuit Design .
To address investment promotion and job creation, both parties agreed to attract and retain investors through comprehensive marketing and communication strategies, which enhance job opportunities.
On technology & AI, the MOA stipulates the need to leverage new technologies like Artificial Intelligence (AI) to improve the inventory of practices of both industries, encourage knowledge sharing, and implement projects to promote the use of other emerging tools.
“This historic collaboration marks a pivotal milestone in the Philippine business landscape, uniting the country’s leading commodity exporters in a strategic effort to bolster exports and propel the nation’s economic growth,” SEIPI President Dan Lachica said.
“The partnership is poised to harness the collective strengths of SEIPI and IBPAP, heralding a new era of innovation, efficiency, and global competitiveness for the Philippine export industry,” he added.
For his part, IBPAP President and CEO Jack Madrid said, “This reaffirms IBPAP’S commitment to drive the sustained growth of the IT-BPM sector, generate more employment opportunities for Filipinos, and enable our economy’s upward trajectory.”
“Guided by the Philippine ITBPM Industry Roadmap 2028 and in line with the IT-BPM ESG Program, we will continue to engage with our stakeholders in the government, academe, and allied sectors such as the semiconductors and electronics industry,” Madrid added.