The IT and Business Process Association of the Philippines (IBPAP) will be working with the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) to help push Philippine exports.
Citing publicly available figures the two organizations said that the IT-BPM sector and the semiconductor industry account for more than 20% of the country’s Gross Domestic product (GDP).
“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.” said Dan Lachica, president, SEIPI. “The partnership will harness the collective strengths of SEIPI and IBPAP, heralding a new era of innovation, efficiency, and global competitiveness for the Philippine export industry.”
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The partnership hopes to amplify the positive impact of their respective sectors in driving economic progress, fostering innovation, and promoting Environmental, Social & 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:
1. Ease of Doing Business. 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.
2. ESG Agenda. Collaborate on initiatives that address current and emerging social, environmental, and corporate governance issues.
3. Industry Development. Foster higher-value Business Process Outsourcing (BPO) services in the Semiconductor and Electronics sector for Research & Development and Integrated Circuit Design.
4. Investment Promotion & Job Creation. Attract and retain investors through comprehensive marketing and communication strategies, which enhance job opportunities.
5. Technology & AI. 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 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,” said Jack Madrid, president and CEO, IBPAP. “Guided by the Philippine IT-BPM 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.”