PEZA, IT-BPM industry partner to attract investments
The Philippine Economic Zone Authority (PEZA) has teamed up with the Information Technology and Business Process Association of the Philippines (IBPAP) to strengthen efforts to attract investments in the information technology and business process management (IT-BPM) sector.
The Philippine Economic Zone Authority (PEZA) has formed a partnership with the Information Technology and Business Process Association of the Philippines (IBPAP) to boost investments in the IT-BPM sector, as announced by PEZA director-general Tereso Panga and IBPAP president Celeste Ilagan on November 5. This memorandum of understanding aims to attract more investments and strengthen the country's position as a leading IT-BPM destination.
The collaboration will focus on increasing investor confidence, facilitating entry, supporting investors, and coordinating policies to improve the business environment. Both parties will also address investor concerns, expand investment opportunities beyond Metro Manila, and enhance talent development and artificial intelligence (AI) readiness.
PEZA's Advanced AI Tech Academy will be utilized to upskill the workforce and prepare workers for AI-enabled and higher-value services. By joining forces, PEZA and IBPAP aim to reinforce investor trust, attract new and reinvestments, and maintain the country's competitiveness in the global IT-BPM market. IBPAP represents over 400 member companies in the industry.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
