Philippines has one of the fastest growing economies in Asia with a high GDP rate of 7.8%. There are millions of highly trained and educated professionals with strong communication skills. As English is the official language of business, government and education in Philippines, the majority of people here communicated fluently in English. It is an ideal outsourcing destination with global reach. As the companies from all over the world have started operating in Philippines, there has been a tremendous increase in demand of professional services and consumer products. Moreover, being strategically located in the center of South Asia, the destinations like Hong Kong, Singapore, Japan, Malaysia China and Korea are just a few hours flight away from the Philippines.
With more than 100 million Filipinos who have high purchasing power, Philippines is seeing the establishment of more and more companies that are looking to target Philippines or South Asian markets.
Also, in terms of quality and reliability of infrastructure and business capabilities, the Philippines is seeing a tremendous progress.
The Philippines is westernized as well as culturally diverse. Thanks to centuries of Asian, American, and Spanish influences.
All this has made Filipinos highly adaptable and easy to work with.
All this has made Philippines a highly adaptable destination for outsourcing the business processes.