President Arroyo's Visit to Federated Realty IT Park Spurs Economic Growth in Negros Oriental

Strategic Insights -

President Gloria Macapagal-Arroyo's visit to the Federated Realty IT Park in Dumaguete City has sparked excitement among business leaders, who believe it will boost economic growth in Negros Oriental. The Federated Realty IT Park, a hub for business process outsourcing (BPO) and call centers, is seen as a promising alternative to traditional outsourcing destinations in the Philippines. The park's strategic location, with its proximity to educational institutions and a fiber optic cable connecting Negros Island to Subic, makes it an attractive option for companies looking to expand their operations.

Key Takeaways:

  • The Federated Realty IT Park is a 10,647-square-meter facility in Bacong, Negros Oriental, designed to accommodate business process outsourcing (BPO) and call center activities.
  • The park is owned by Federated Realty Corp., an affiliate of U-BIX Corp., and features a fiber optic cable installed by Deutche Telecom linking Negros Island to Subic.
  • The IT Park is within a 3-kilometer radius from educational institutions like Siliman University, Foundation University, Negros Oriental State University, St. Paul's University, and the Asian College of Science and Technology.
  • President Arroyo hailed SPI Technologies, a Philippine-founded company recognized as one of the world's leading content outsourcing service providers, for its aggressive P3-billion expansion program in the Philippines.
  • SPI Technologies plans to expand its operations in Negros Oriental in 2006, creating an additional 600 seats to boost the current copyediting capacity, which supports the production of over 550 journal titles for leading scholarly, scientific, technical, and medical publishers.
  • The company will also build a new facility at the IT Park in Bacong next year, which will create more job opportunities in the region.

Statistics:

  • Timeframe for SPI Technologies' expansion in Negros Oriental: 2006
  • Number of new seats to be created by SPI Technologies: 600
  • Current capacity of SPI Technologies' copyediting operations: Over 550 journal titles
  • Estimated value of SPI Technologies' expansion program in the Philippines: P3 billion
  • Number of staff currently working at SPI Technologies' Metro Dumaguete facility: 115

Sources:

  • "President Arroyo visits Federated Realty IT Park" by Asia Pulse
  • "SPI Technologies to expand ops in Negros Oriental" by Asia Pulse (exact date not specified)