Philippines and Singapore top global biz survey for growth

At the Corporate level the Philippines and Singapore have topped a recent survey of growth among the corporate firms increasing in size in 2006. The report carried by many news organizations was a business story I found on the pages of Brunei Times – a very conservative paper based in the Sultanate on Borneo.

[] “…AN international survey shows that the Philippines is among the top 10 countries with the highest proportion of booming businesses.

From the 23rd spot last year, the Philippines catapulted to 8th place this year, indicating the country’s growing share of super-growth companies, according to the Grant Thornton International Business Report.

The report surveyed 7,200 privately held businesses representing 81 percent of global gross domestic product (GDP) and determined which of the respondents are super-growth companies. The survey covered 32 countries, including powerhouses the United States, Germany and Japan, as well as emerging Asian markets like China, India, Hong Kong, Singapore, Malaysia, Thailand and Taiwan. …” [[ THE MANILA TIMES

The figures show the Philippines tied at over 27 per cent corporate growth and among the worlds top in the speed of the rising corporate sector jobs. One can see this on a daily basis in any of Metro Manila's business districts - the majority of the growth is fueled by investment and renewed spending by people in the rapidly growing BPO or Business Process Outsourcing firms existing in the country.

NBN Teledyaryo on YOUTUBE

While conservative estimate put the figure at around 200,000 new jobs created in the sector in the last year – real figures and part employment levels show the figure to be skyrocketing to a level of above 300,000 jobs in the sector mostly seen for ‘call center work’ but missed out are other higher value services like accou8nting, book-keeping, inventory, sales, and technical functions like website and graphic design. One major advantage continued to be held is the growth level in ‘overnights’ where services are rendered between 6pm and 8am eastern time of the USA where Manila is a perfect 12 hour time shift for overnight work – while London is also another point – with a 8 hour toss in time.

Meaning firms in this 24/7 world of business – are able to be ‘up and alive’ at quitting time – savings on overtime alone – make for huge returns and higher efficiency figures on US shores – it also shows in the same survey – that US firms top the list with 4 of t 10 getting high levels of growth. Partly fueled by Outsourcing which has allowed companies to expand domestic services in other areas.

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