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PHILIPPINES INFRA MODERNIZATION BOOSTS INVESTOR CONFIDENCE

Posted on: Mon, 26 Oct 2009 03:53:00 EDT

Symbols: CVG

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MANILA, Oct 26, 2009 (AsiaPulse via COMTEX) --
CVG | Quote | Chart | News | PowerRating -- The modernization of major
infrastructure facilities that President Gloria
Macapagal-Arroyo has initiated after assuming the presidency in
2001 has bolstered the confidence of American firms wishing to
expand their investments in the Philippines.

Press Secretary Cerge Remonde said US Ambassador to the
Philippines Kristie Kenney made the assessment after she
witnessed the opening of the 12th call center facility of
Convergys at the 8th floor of Glorietta 5 mall on Ayala Avenue
in Makati City yesterday (Thursday).

Ambassador Kenny said the Philippine government, by building
the necessary infrastructure, has bolstered the confidence of
American firms to invest in the country, Remonde quoted Kenny
as saying during the inauguration of Convergys biggest call
center facility in the country.

At the inauguration ceremonies, Remonde noted that Marife
Zamora, Convergys country manager, hailed President
Macapagal-Arroyo for her unwavering support to call center
firms which resulted in the industrys phenomenal growth.

"The word "phenomenal" is very appropriate. Today, the
industry employs more than 400,000 young men and women, college
graduates and even high school graduates," Remonde said in his
regular Friday press briefing.

Since she assumed the presidency in 2001, the Chief
Executive has directed the Department of Public Works and
Highways (DPWH) and the Department of Transportation and
Communication (DoTC) to construct and rehabilitate
infrastructure projects that will have a big impact to the
economy.

Among these infrastructure projects are the rehabilitation
and modernization of the South and North Luzon expressways and
upgrading of the telecommunication facilities.

Meanwhile, Chairman Ray Anthony Chua of the Commission on
Information and Communications Technology (CICT) informed the
President that the number of employees in the BPO industry is
expected to increase by 15 to 20 percent before the end of the
year.

(PNA) cg

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