Mall of Asia Complex, Pasay City
11 January 2012
President Benigno S. Aquino III expressed his optimism for this year’s economic growth during his attendance at the EXL Service Philippines’ Site II Inauguration in Mall of Asia, Pasay City.
According to the President, starting the year to lead an inauguration promises a boost of economy and job generation. He also announced that the Department of Labor and Employment generated 2.1 million new net jobs last year and a week ago the stock market has reported that the country received a dollar-bond offering of 1.5 billion dollars which was oversubscribed by eight times. He added that in contrast to triple-A rated countries in Europe which received a 7% interest with 10 years maturity loan, our country was well favored with 5% interest rate and 25 years maturity loan. President Aquino said that this positive news from the Department of Finance and stock market is indicative of the growing confidence of other countries to invest in our economy.
EXL CEO Rohit Kapoor announced their company’s plan to expand operations in the country by 70% with additional services on financial accounting and legal service on top of its specialized services on insurance, health care, travel and transportation.
President Aquino assured CEO Kapoor that the government will ensure that Business Process Outsourcing companies investing in the country will be able to hire qualified personnel with the help of government programs such as the Training for Work Scholarship Program (I-TWSP) under the Technical Education and Skills Development Authority (TESDA).
EXL Services is one of the leading and fast-growing global BPO companies operating in seven countries with 25 sites worldwide, with its key operation in the Philippines.