E-service industry – Bohol’s entry to the new economy

By: Manuel Ferdinand de Erio

BRAZING the opportunities brought about by recent technology, the Bohol Chamber of Commerce and Industry, Inc. (BCCI) and the Department of Trade and Industry (DTI) are at the forefront of the province’s efforts to attract potential investors.

The concerted efforts of the BCCI and DTI have consequently yielded a promising turn out for the economic development of the province with the several e-service companies who have shown serious interest in locating their operations in the province.

Two multinational e-service companies, Polytron and Teletech have expressed their interest to put up call center operations in Tagbilaran City.

The trend of development that rooted from the establishment of e-service businesses has proven to exceed the government’s projections.

However, the companies have expressed the need for an upgrade of communication infrastructure by converting the present system into fiber-optics line.

Responding to the concern, BCCI and the province have been vigorously lobbying to PLDT for the upgrading of such infrastructure.

While the country relies heavily on labor export which provided almost a billion dollar a month to the economy, the social cost is high.

With the e-service industry, the Philippines is only exporting services to the world while workers still reside in the country with their families.

Significantly, the opportunity is a better alternative than sending degree holders to work as entertainers or domestic helpers abroad.

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