The IT-Business Process Association of the Philippines (IBPAP) and the Semiconductor and Electronics Industry of the Philippine Inc. (SEIPI) signed a memorandum of agreement (MOA) to underscore the positive impact of their respective sectors in driving economic progress, fostering innovation and promoting environmental, social and governance initiatives in the country.
“This historic collaboration marks a pivotal milestone in the Philippine business landscape, uniting the country’s leading commodity exporters in a strategic effort to bolster exports and propel the nation’s economic growth. The partnership is poised to harness the collective strengths of SEIPI and IBPAP, heralding a new era of innovation, efficiency, and global competitiveness for the Philippine export industry,” said SEIPI president Dan Lachica.
Outlined in the MOA are five key areas of cooperation to help accelerate the growth of both industries in the Philippines. On the Ease of Doing Business, both groups intend to create a more business-friendly environment through consistent engagement with the national and local governments and by advocating for policy reforms that simplify and streamline business processes for investors.
The two groups will also collaborate on initiatives that address current and emerging social, environmental, and corporate governance issues as part of the ESG agenda and foster higher value business process outsourcing (BPO) services in the semiconductor and electronics sector for research & development and integrated circuit design.
Both groups aim to pool in efforts to attract and retain investors through comprehensive marketing and communication strategies, which enhance job opportunities, as well as leverage new technologies like artificial intelligence (AI) to improve the inventory of practices of both industries, encourage knowledge sharing and implement projects to promote the use of other emerging tools.
“This reaffirms IBPAP’s commitment to drive the sustained growth of the IT-BPM [IT-business process management] sector, generate more employment opportunities for Filipinos, and enable our economy’s upward trajectory. Guided by the Philippine IT-BPM Industry Roadmap 2028 and in line with the IT-BPM ESG Program, we will continue to engage with our stakeholders in the government, academe, and allied sectors such as the Semiconductors and Electronics industry,” said IBPAP president Jack Madrid.
IBPAP and SEIPI contribute significantly to the Philippine economy in terms of jobs and revenues. Combined, they account for more than 20 percent of the gross domestic product (GDP).
