Fueled by advancements in computer technology, the Online Gaming industry has become one of the biggest moneymakers in the Philippines today. As responsible online gaming becomes an accepted form of recreation or diversion for a number of Filipinos, the annual profits of online casinos, bingo, and sports-betting companies keep increasing at a tremendous rate. PhilWeb, one of the largest online gaming companies in the Philippines today, posted a profit increase of 52% in the first quarter of 2010 alone.
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Cebu is the oldest city in the Philippines and one of the foremost domestic shipping ports in the country. Rife with historical significance, the city is now home to the largest commercial center outside Manila and one of the fastest growing real-estate markets in the country. Hailed as the “Queen of the South”, Cebu is a developed metropolis with the idyllic charms of an exotic island destination.
Business Process Outsourcing (BPO) is one of the fastest-growing industries in the Philippines today. Since it’s advent, the industry has experienced steady growth in annual revenue, boasting a 23% increase in 2009 alone.
Outsourcing companies in the Philippines can opt for either PEZA or BOI Registration to obtain tax incentives in their respective fields of enterprise.
The Philippine BPO market is expected to continue on a positive trend. Experts at the Business Processing Association of the Philippines project an annual increase of at least 4-10% in global market shares, coupled with an expected revenue of at least $10-12 billion.