Page 1

www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

The Manila 2012 Dispatch is an e-newsletter shared to all delegates to the 45th Annual Meeting of the Board of Governors of the Asian Development Bank. The e-newsletter is designed to give guests quick updates on the ADB Annual Meeting events and activities, particularly information about the host country initiatives at the Philippine Corporate and Investment Pavilion (PCI Pavilion). See you all in Manila this May! Mabuhay!

n i u o S ee y in a M a n i l a d ay s ! f e w ay ! Mabuh

WHAT’S NEW IN THE PHILIPPINES

PARTNERS’ THOUGHTS

Read on industry updates and key developments about the Host Country.

Learn insights from industry decision makers and key stakeholders of the Manila 2012.

About Manila 2012

• • •

Manila 2012 refers to the Philippine hosting of the Annual Meeting of the Board of Governors of the Asian Development Bank. About 4,000 delegates from various countries are expected to participate in the event.

• • •

 hilippine IT-BPO Industry Grows by 24%; Targets US$25-Billion P industry revenues in 2016 What’s next for the IT-BPO Industry? ADB Meeting Boosts Governance Bid

 BMW is the Official Premium Mobility Sponsor of Manila 2012 A Vibrant Private Sector Awaits ADB Delegates Creating Shared Value in Today’s Economy

THE ROAD TO MANILA 2012

PCI PAVILION PROGRAM

Find out how the stage is being set for the ADB Annual Meeting of Board of Governors and get a sneak peek of the exciting host country initiatives that the Philippines has in store for you.

See the schedule of events and activities to be held during the Philippine Corporate and Investment (PCI) Pavilion at the SMX.

• • •

S howcase planned as Manila prepares to host ADB meet Philippines to mount PCI Pavilion Exhibit World renowned Filipino performers to take the center stage at Manila 2012

MANILA ATTRACTIONS • Nightlife • Catholic Churches

• Tourist Attractions • Shopping

The Annual Meeting of the ADB Board of Governors is a globally anticipated and attended event, calling over finance ministers from 67 ADB member countries, who also serve as ADB Governors. The ADB Governors are joined by key policymakers such as Central Bank executives and other topranking government officials, representatives of multilateral development community and civil society, investment bankers, business leaders, the academe, and the media. The Philippines is one with the ADB in working for a poverty-free region. Hosting the 2012 ADB Annual Meeting is a confirmation of the country’s commitment to achieve sustainable and inclusive growth for its people.

PAGE 1


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

WHAT’S NEW IN THE PHILIPPINES Industry Focus: IT / BPO

Philippine IT-BPO Industry Grows by 24%; Targets US$25-Billion industry revenues in 2016 The Philippine information technology and business process outsourcing (IT-BPO) industry ended 2011 with US$11 billion in revenues—24% higher than in 2010— said the Business Processing Association of the Philippines (BPAP). The industry was also able to employ 638,000 employees, a 22% increase compared to last year. At a compounded annual growth rate of 20%, the Philippine IT-BPO sector is set to become a US$25billion industry in 2016. With this, the sector will capture a full 10% of the global demand and will contribute to about 9% of the country’s GDP. “We hit the targets projected in our Road Map 2016,” said new BPAP president Benedict Hernandez. “This is a good start to our five-year plan to grow at an average of 20% a year—above the projected global annual growth rate of 1015%.”

The Manila 2012 Dispatch | WHAT’S NEW IN THE PHILIPPINES

Philippines is the contact hub capital of the world The Philippines is attractive to international business outsourcing given its well-educated workforce, strong work ethic, and English language competence. Global corporations describe Filipinos to be largely competitive, flexible, and productive. True enough, according to the Contact Center Association of the Philippines (CCAP), the Philippines is further strengthening its status as the largest contact center hub in the world. Voice services remained the largest sub-sector of the Philippines’ IT-BPO industry, accounting for 65% of the total industry. It posted a 21% growth in 2011, providing US$7.4 billion worth of services.

At a compounded annual growth rate of 20%, the Philippine IT-BPO sector is set to become a US$25billion industry in 2016. With this, the sector will capture a full 10% of the global demand.

PAGE 2


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

WHAT’S NEW IN THE PHILIPPINES Industry Focus: IT / BPO

What’s next for the IT-BPO Industry? Fueling the recent growth spurt in the outsourcing industry in the Philippines are new outsourcing services such as Web design, software development, animation, and even health-related outsourcing services.

Information Technology outsourcing increased by 37% in revenue while the game development segment grew by 13%. The non-voice business process and knowledge process services grew by 24%, generating over US$2 billion in revenue.

Companies engaged in healthcare information management outsourcing provided a total of US$277 worth of services to global end-users.

Meanwhile the expansion of the so-called “Next Wave Cities” – the next generation IT-BPO hubs in the country being developed by the government

Ten reasons to consider the Philippines as an outsourcing destination: Global leader in voice BPO (over 340,000 employees) No. 2 destination for non-voice IT-BPO services (over 200,000 employees) Low infrastructure and labor costs (up to 80% less than in developed countries) Large pool of college graduates each year (over 400,000 graduates) Good English-speaking skills (over 70% of college graduates speak English) Young and fresh talent pool (one of the youngest and fastest growing workforces in the world) Large developed Central Business Districts suitable for BPOs (2 million square kilometers leased to BPOs) Customer-centric, warm, and hospitable culture (positive customer feedback) Strong government and academe support (training and curriculum support) Various investment incentives available (4 to 8 year income-tax holiday)

and industry partners—is also underway. In a 2009 report, the BPAP has identified these cities/ areas as follows: Laguna, Cavite, Pampanga, Bulacan, and Lipa in Luzon; Iloilo and Bacolod in the Visayas; and Davao and Cagayan de Oro in Mindanao.

Nightlife Have a taste of the city nightlife! Relax, unwind, and discover for yourself why night parties in the Philippines are considered as one of the most vibrant in the region. Republiq Club www.republiqclub.com Opus Restaurant and Lounge www.opusmanila.com 70s Bistro www.70sbistro.com 7th High www.7thhigh.com

Source: Business Processing Association of the Philippines

The Manila 2012 Dispatch | WHAT’S NEW IN THE PHILIPPINES

PAGE 3


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

WHAT’S NEW IN THE PHILIPPINES

ADB Meeting Boosts Governance Bid Promoting good governance to further improve the competitiveness level of the country will be the central goal of the government when it hosts the 45th annual governors’ meeting of the Asian Development Bank (ADB) from May 2 to 5 in Manila. The ADB event, which is expected to assemble more than 4,000 of the most prominent names in world business, is expected to reinforce the Aquino administration’s committed drive for governance reforms as it carries as its theme “Inclusive Growth through Better Governance and Partnerships.” The Philippines has lately been making major inroads in improving its competitiveness ranking in various global surveys, the latest of which, the US think tank Heritage Foundation’s (HF) Index of Economic Freedom released last March 6, ranked the Philippines 107th in its 2012 survey, an eightnotch improvement from 115th in 2011. Of the 41 Asia-Pacific countries in the HF index, the Philippines ranked 19th, surpassing other emerging economies such as Indonesia, India, China and Vietnam. The Manila 2012 Dispatch | WHAT’S NEW IN THE PHILIPPINES

The US survey reported that the economy under the Aquino administration “has been on a steady path of economic expansion.” The HF report is an affirmation of the bold, resultsoriented reforms this administration has initiated and continues to pursue in the economy and its institutions, according to Presidential spokesman Edwin Lacierda. Also recently, the Philippines’ ranking in the 2011-2012 World Economic Forum Global Competitiveness Report posted a ten-point jump, from 85 to 75, which was the biggest improvement in the country’s ranking in the annual survey report and one of the biggest gains posted by a country in the latest ranking. Finance Secretary Cesar Purisima said the upgrade in the country’s competitiveness ranking is proof that the Philippines is indeed open for business under a new management and another evidence of the positive changes happening in the Philippines under the Aquino administration.

Catholic Churches Step into the pages of spirituality and history combined. Gain a deeper perspective on a nation shaped by a deep spirituality as can be gleaned through some of the more popular church structures in the country. San Agustin Church http://sanagustinchurch.org/ Malate Church www.malatecatholicchurch.org/ Manila Cathedral www.manilacathedral.org/ Quiapo Church www.quiapochurch.com/

Complete article first published in Manila Bulletin on 1 April 2012

PAGE 4


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

THE ROAD TO MANILA 2012 The stage is set for the ADB Annual Meeting of Governors

Showcase planned as Manila prepares to host ADB meet The upcoming 45th Asian Development Bank (ADB) Annual Meeting of the Board of Governors is an unparalleled opportunity for the Philippines, as the host country, to showcase the reforms it has implemented to spur the economy and encourage investor confidence. “This is the chance for the country to present its new administration and the progress it has achieved so far,” said Finance Undersecretary Rosalia V. de Leon, who is the Head of the Manila 2012 Hosting Secretariat. The theme of the ADB Annual Meeting on May 2-5, “Inclusive Growth through Good Governance and Partnerships,” also reflects the platform of the Aquino government and the country strategy of the ADB in the Philippines, she said. In the past, the country lost out investments to neighbors like Thailand and Singapore due to rampant allegations of corruption. “But now, we can show the new Philippines,” Ms. de Leon said. The hosting of the ADB meeting also holds a special significance for the country, she said. “We are the home of ADB, and we last hosted the

The Manila 2012 Dispatch | THE ROAD TO MANILA 2012

annual meeting nearly a decade ago. In the early days of the Aquino administration ... we already decided to indicate our interest to host the event,” she said. With international financial market leaders in attendance, the local business community will also have a chance to meet with possible investors.”We have asked the investment banks to bring their clients ... We have also invited infrastructure funds and major conglomerates to attend, since we are presenting the country’s public-private partnership program and the agribusiness sector,” Ms. de Leon said. A Philippine Corporate and Investment Pavilion will be set up during the ADB meeting so that foreign investors can network with local businesses. Seminars to discuss the growth drivers and policy directions the government wishes to take will also be staged. “Foreign investors usually come to the Philippines in trickles or batches, but this is a rare chance to have all of them here at the same time,” she explained.

“We are the home of ADB, and we last hosted the annual meeting nearly a decade ago. In the early days of the Aquino administration ... we already decided to indicate our interest to host the event.” Rosalia V. de Leon Finance Undersecretary, Head of Manila 2012 Hosting Secretary

Published in BusinessWorld in March 2012

PAGE 5


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

THE ROAD TO MANILA 2012 The stage is set for the ADB Annual Meeting of Governors

Philippines to mount PCI Pavilion Exhibit

See The New Philippines in Action through Filipino art and industries! The Philippines’ competence and skills in various key investment sectors will be highlighted in the Philippine Corporate and Investment (PCI) Pavilion exhibit titled “The New Philippines in Action,” to be mounted at the SMX Convention Center from 2-5 May 2012. Delegates to the ADB Annual Meeting and guests of the PCI Pavilion can have a first glimpse of the exhibit after Manila 2012’s Formal Opening on 2 May 2012 at the SMX Hall 3. Philippine Vice President Jejomar C. Binay will lead the ceremonies. A celebration of a nation in its daylight, the exhibit reflects how far the Filipino has come as a people and as a nation. It uses a mixed and multi-media approach – with creative executions ranging from sculptural architecture, film executions to visual installations. This is the first time that a Philippine pavilion exhibition structure is being artistically created and handcrafted with sculptural structures designed by nationalist and internationally renowned Filipino sculptor Eduardo Castrillo. Created in the sculptor’s characteristic abstract The Manila 2012 Dispatch | THE ROAD TO MANILA 2012

style, the structures are used as entrance and accent pieces, and are made of metal and colored plexiglass where image projections can be done.

The industries to be featured in the different exhibit pods include tourism, agriculture, creative industries, energy, information technology, business process outsourcing, and infrastructure.

Tourist Attractions Manila is a repository of exciting stories well-kept by its century-old streets; mix of modern and colonial-period structures; intriguing cuisines, and warm people. Explore the city and discover fun! Rizal Park. A 60-hectare garden with the monument of Philippine National Hero Jose Rizal. Intramuros. Within its walls are national treasures such as the San Agustin Church, Fort Santiago, and Casa Manila. Binondo. Manila’s Chinatown featuring ethnic Chinese and Filipino-Chinese establishments..

PAGE 6


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

THE ROAD TO MANILA 2012 The stage is set for the ADB Annual Meeting of Governors

World renowned Filipino performers to take the center stage at Manila 2012

Join the host country reception and find out why it’s more fun in the Philippines! Some of the country’s premier dancers, singers, fashion designers, artists, choreographers, and directors have recently found themselves all gearing up for one of the most important international events to happen in the Philippines this year – the Manila 2012.

Exhibiting local talent and visual artistry renowned the whole world over, the Host County Reception is a statement on the wealth of tradition and more importantly, the diverse directions that the Filipino people have taken as the nation moves forward.

Rehearsals and other preparations are ongoing as the Philippine Government is leaving no stone unturned to make the Host Country Reception on 4 May 2012 at the SMX Convention Center a memorable event for all ADB Annual Meeting delegates. Led by the Department of Finance (DOF), the organizing team for the Host Country Reception promises all delegates an event where they can experience the meaning of true fun in the Philippines.

Among the performances to look forward to are the traditional Southern parade-like dance known as Kariala Tausug; a taste of the famous Dinagyang revelry dances; a musical take on the Global Filipino to be performed by top Filipino singers Leo Valdez, Bituin Esacalante and The Company; and a ballet reinterpretation of the traditional “Pangalay” by internationally-renowned choreographer Max Luna.

Beyond featuring the country’s best artists and performers, the Host Country Reception will also attest to the Philippines’ vibrant sense of hope, renewal, and optimism. The event, which features distinct performance suites, revolves around the constructs of tradition and innovation and how they meld seamlessly to create the Philippines of today.

The Manila 2012 Dispatch | THE ROAD TO MANILA 2012

A resort wear collection featuring a selection

of indigenous textiles will also be one of the highlights of the Host Country Reception.

Shopping Manila offers a wide range of shopping selection, from the luxurious and highend brands to great local bargains. Make sure to bring home Filipino products made of indigenous materials, with unique and intricate craftsmanship. Check out the following: 1. SM Mall of Asia http://smmallofasia.com 2. Greenbelt Mall http://ayalamalls.com.ph/ mall/greenbelt 3. Greenhills Shopping Center http://www.greenhills.com. ph/ 4. Tesoro’s http://tesoros.ph/estore/ 5. Kultura http://kulturafilipino.com PAGE 7


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

PARTNERS’ THOUGHTS Insights from sponsors and key stakeholders

BMW is the Official Premium Mobility Sponsor of Manila 2012 Asian Carmakers Corporation (ACC), the official importer and distributor of BMW cars in the country, is pleased to announce its participation in Manila 2012, the 45th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB). During the event, ACC will provide a fleet of BMW 5 Series vehicles for the Heads of State who will join the Manila 2012 Annual Meeting.

the core of its momentum. The BMW 5 Series is testament to BMW’s thrust in leadership by providing luxury without compromising efficiency, safety, and driving experience. The diesel engine of the BMW 520d exemplifies the pinnacle of engineering. Extremely economical,

strong, and smooth running, they perfectly embody the BMW EfficientDynamics strategy. With these innovations, the BMW 520d further solidifies its role as the best choice for leaders worldwide.

“BMW is proud to partner with the Philippine government and the Asian Development Bank. We salute the ADB and the Philippine government in this effort to address the issue (of ) and come up with solutions for the Asia Pacific Region,” says Maricar Parco, President of Asian Carmakers Corporation. For BMW, their support to Manila 2012 is a demonstration of their commitment to serve the communities and the regions in which they operate. BMW prides itself in being the undisputed leader in the premium luxury segment for almost a decade and attributes its products as The Manila 2012 Dispatch | PARTNERS’ THOUGHTS

PAGE 8


www.manila2012.ph

v

The Manila 2012 Dispatch Issue 2| Vol. 1

PARTNERS’ THOUGHTS Insights from sponsors and key stakeholders

A Vibrant Private Sector Awaits ADB Delegates

The Philippine hosting of the ADB Annual Meetings comes at an opportune time as the Philippines enjoys a resurgent economy buoyed by a strong consumer sector, beneficial trade and investment initiatives, and more effective public-private partnership programs, among many others. One of the stalwarts and an exemplar of private sector growth is SM. SM is in a watershed, with its core businesses namely, retail; shopping malls; banking; property development; and hotels and conventions delivering betterthan-expected results in 2011 and steadfastly sustaining growth and expansion in 2012. The Manila 2012 Dispatch | PARTNERS’ THOUGHTS

One of SM’s flagship projects is the Mall of Asia (MOA) Complex in Pasay City. The MOA Complex houses the SMX Convention Center, the venue of the Philippine Corporate and Investment (PCI) Pavilion. The PCI Pavilion represents the Philippines’ pride in hosting the ADB Annual Meeting and will be featuring seminars, industry networking activities, an exhibit, and socials. Just a leisurely five-minute drive from the Philippine International Convention Center (PICC), the 60-hectare mixed-use property development project showcases the essence of SM’s successful business model, which takes full advantage of the vigorous synergies created by and between the company’s five core businesses. At the heart of the complex is the iconic SM Mall of Asia (smmallofasia.com). With a huge gross floor area of over 406,900 square meters, it is currently SM’s and the Philippines’ second

largest integrated shopping and entertainment complex. The SM Mall of Asia is considered as a “mall of firsts”. When it opened in 2006, it offered mall goers a number of highly innovative offerings such as the country’s first and only Olympicsized ice skating rink and possibly the largest IMAX theater in the world with a 700-square meter movie screen. Added to that are ten other regular movie theaters, with a combined seating capacity of more than 5,600. There are bowling lanes, a science museum, and a cyberzone for hi-tech gadgets and gizmos. The mall also has a wide array of dining options to choose from - Filipino cuisine, to Asian to Mediterranean - the SM Mall of Asia has it all. Shopping choices are endless, as the mall houses close to 800 retail outlets including the locally famous SM Department Store and SM Hypermarket. Banking, foreign exchange, and other financial services are also available within the mall. Other personal services such as spas, health and fitness centers, and beauty salons are also offered.

Come and visit the SM Mall of Asia! Discounts from participating stores await the ADB delegates, as well as a host of entertainment activities that will showcase the best that the Philippines has to offer.

PAGE 9


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

PARTNERS’ THOUGHTS Insights from sponsors and key stakeholders

Creating Shared Value in Today’s Economy The theme of the Philippine hosting of this year’s Annual Meeting of the ADB Board of Governors - “Inclusive Growth through Good Governance and Partnership,” reflects the cornerstones of the new Philippines. The government’s strong commitment to transparency and integrity in running the country has yielded positive gains for the nation and its people. Shared value and inclusive growth are not only the cornerstones of the current administration; they also serve as the guiding precepts of one of the leading business conglomerates in the Philippines - Ayala Corporation. “We cannot, as businesses operating in an emerging economy, ignore the needs of the broader population, the majority who belong to lower income groups and with poor access to basic goods and services,” explains chairman and CEO Jaime Augusto Zobel de Ayala. ” As businesses, we are in a unique position to be able to put resources to work to address the needs of this broader market effectively, while simultaneously generating new growth for our own businesses.” The Manila 2012 Dispatch | PARTNERS’ THOUGHTS

Ayala’s vision of the future does not only create value for its shareholders, businesses and partners; it also adds value to the lives of individuals and communities it serves. It shares the belief that businesses must create economic value in a way that also creates value for society by addressing its needs and challenges Ayala Corporation’s real estate arm, Ayala Land, having firmly established its reputation and track record in the higher-end segments of the market, is expanding its presence in more urban and provincial locations and at more accessible price points. It has also placed investment on the privatization of the water system of Metro Manila in 1997, driven by a desire to create value for capital while solving the acute water problems in parts of the city. Today, 100% of the population in its concession zone have uninterrupted water service and the poorest customers pay a fraction of what they used to pay to middle men.

infrastructure development. From barely 1% phone penetration before the sector was opened up, it has improved to nearly 100% penetration today. Globe Telecom, a partnership with Singapore Telecom, now serves over 30 million customers. Ayala, Globe Telecom, and Bank of the Philippine Islands also established BanKo, the first mobile microfinance institution in the country. BanKo is a cost-effective but powerful way of reaching previously unbanked communities and promoting “shared value” in a broader constituency.

At 178 years, Ayala Corporation is the oldest and one of the largest business houses in the Philippines. Ayala Corporation is one of the Manila 2012 gold sponsors.

Ayala’s recent investment in the power generation and transportation infrastructure sectors is also believed to contribute to the country’s infrastructure development while enhancing the value proposition of its existing businesses.

Ayala’s entry into the telecommunications industry, meanwhile has contributed to national PAGE 10


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

PCI PAVILION PROGRAM PHILIPPINE CORPORATE AND INVESTMENT PAVILION The Philippine Corporate and Investment Pavilion (PCI Pavilion) is one of the event highlights of the Philippine Hosting of the 45th Annual Meeting of the Board of Governors of the Asian Development Bank, also known as Manila 2012.

Indicative Program Day 1 – May 2, 2012

Day 2 – May 3, 2012

09:00 AM - 10:00 AM

Opening of the Philippine Corporate and Investment Pavilion

SMX Hall 3

09:00 AM - 06:00 PM

Exhibit

10:30 AM - 12:00 PM

PPP as a Catalyst for Transformation Build to Grow: Investing on Urban Development through Infrastructure

SMX Function Room 1

10:30AM - 01:30 PM

Asia’s Role in a Changing World: Challenges and Benefits to the SMX Function Region Room 2 Financial Executives Institute of the Philippines and Standard Chartered Bank

Public-Private Partnership Center and Philippine Constructors Association 11:30 AM - 02:00 PM

Why Asia? Asia’s Prospects and How Emerging Markets Shall Shape the Region’s Future

01:30 PM - 4:30 PM

SMX Function Room 2

PPP as a Catalyst for Transformation Build to Promote: PPP as Driver of Tourism

SMX Function Room 1

Public-Private Partnership Center 02:15 PM - 03:30 PM

PPP as a Catalyst for Transformation Build to Develop: The Impact of Social Infrastructure Investments

SMX Function Room 1

Public-Private Partnership Center 01:30 PM - 04:00 PM

The Game is On! Gaming Business in Asia and Integrated Resorts for Tourism

07:00 PM

Manila 2012 Welcome Cocktails

SMX Meeting Rooms 7-9

Tomorrow’s Tourism: Harnessing Growth Potentials in the Tourism SMX Function Room 1 Sector Philippine Department of Tourism

Management Association of the Philippines 01:00 PM - 02:15 PM

SMX Halls 3-4

Day 3 – May 4, 2012 09:00AM - 06:00 PM

Exhibit

SMX Halls 3-4

6:30 PM

Host Country Reception

SMX Function Rooms 3-5

09:00 AM - 06:00 PM

Exhibit

SMX Halls 3-4

02:00 PM - 05:00 PM

Manila 2012 Food Strip

Day 4 – May 5, 2012

Credit Suisse

The Manila 2012 Dispatch | PCI PAVILION PROGRAM

SMX Hall 1

PAGE 11


www.manila2012.ph

The Manila 2012 Dispatch Issue 2| Vol. 1

OUR SPONSORS & PARTNERS Diamond

Official Premium Mobility Sponsor

Special Partners

Media Partners

Lead Private Sector Partner

Official Broadcast Media Partners

Official Airline Sponsor

Print Media Partners

Gold

Official Animation Sponsors

Official Mobility Partner

Silver

Bronze

The Manila 2012 Dispatch | OUR SPONSORS & PARTNERS

PAGE 12

Manila 2012 DISPATCH Issue 02  

The Manila 2012 Dispatch is an e-newsletter shared to all delegates to the 45th Annual Meeting of the Board of Governors of the Asian Develo...

Read more
Read more
Similar to
Popular now
Just for you