Looking at the development here in Iloilo City, it is clear where the investment is pouring in. Based on Megaworld’s latest master plan for Iloilo Business Park, the Commercial Business District in Iloilo and in the region, It is boasting of 15 lots allocated for Business Process outsourcing. And how sound can it be? Where should money come pouring in to Festive Malls new line of shops but payments teleported from greasy cash from the first world centers: London, New York, Australia and Canada. They will set up shop and fund a new breed of yuppies into kingdom come.
Even the news of Trumps rant at American jobs being exported to third world nations did not stop the big developers as news of SM, yes, the Retailing Giant is getting in on the cash with its 19 storey BPO along Diversion road.
The Global Outsourcing Cities
Let us look at how outsourcing grew around the world. Taipei, Perth and Davao City were the biggest movers in Asia Pacific region. Taipei moved 3 places up from 73th to 70th while Perth and Davao now ranked 75th and 66th in the list, respectively. Being one of the Philippines next wave cities, Davao City, is growing to be one of the destinations outside Metro Manila. Davao City, the largest City by land area, does not concern with saturation issues of Metro Manila, having enough space to expand around the city. Other advantages that highlight Davao are its geographic advantages (i.e. almost devoid of flooding, earthquakes, and other natural calamities). Davao City is boosted by the development of IT infrastructure such as the recently completed Matina IT Park. Large BPO providers such as Convergys and Teleperformance are already in Davao City.