WASHINGTON, D.C.–Acknowledging the continued confidence of PricewaterhouseCoopers (PwC) in the Philippines, Department of Trade and Industry (DTI) Secretary Fred Pascual welcomed PwC Philippines’ planned Global Acceleration Center project, set to generate at least 5,000 new jobs for Filipinos. This meeting was one of the DTI chief’s sideline engagements during the US-Japan-Philippines trilateral meeting in the United States on April 12.
The PwC Global Acceleration Center in the Philippines underscores the country’s growing role as a prime destination for innovative business process outsourcing (BPO) operations.
The project will focus on high-value BPO in consulting spaces, including artificial intelligence (AI), cloud computing, and cybersecurity, slated to create 5,000 new jobs within a three- to five-year timeframe.
An additional 1,000 to 2,000 workers are also projected by Isla Lipana & Co., the Philippine member firm of the PwC network, to support the manpower needed for the project, translating to an estimated PHP 2 billion in additional revenue for the Philippines annually.
PwC Managing Partner and Platform Leader Principal and Acceleration Centers Leader Hari Kumar; (from the Philippine side) PTIC Washington D.C. Commercial Counselor Kenneth Yap, DTI Secretary Fred Pascual, and PTIC New York Commercial Counselor Benedict Uy
“We are deeply grateful for PwC’s decision to launch this new project in the Philippines and their continuing confidence in our country as a global BPO partner,” Secretary Pascual stated.
He emphasized the critical role of the Information Technology and Business Process Management (IT-BPM) sector for the Philippines, aligning with the Technology, Media, and Telecommunications Cluster identified in DTI’s Science, Technology, and Innovation (STI) industrial strategy.
“The DTI recognizes the transformative potential of AI for the Philippine economy. Hence, we strongly advocate for building AI capabilities to meet the evolving needs of businesses, such as PwC’s Global Acceleration Center,” he added. The Secretary also extended an invitation for PwC to collaborate with DTI for the National Innovation Hub.
In encouraging PwC to support the government’s workforce development programs aimed at further enhancing the skills of Filipinos, Secretary Pascual reiterated that the DTI and its agencies stand as steadfast partners to PwC and are fully dedicated to bolstering the company’s business growth in the Philippines. ♦
Date of release: 13 April 2024
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