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In 2010, the Philippines was then declared the world's BPO capital. From this point, the BPO industry continued to grow and generate more revenue, with the industry providing the most job opportunities in the private sector. [2] Since the 1980s, the unemployment rate stayed between 8-11% in the Philippines.
A Teletech BPO site in Cainta, Rizal. Call centers in the Philippines began as providers of email response and managing services then broadened to industrial capabilities for almost all types of customer relations, ranging from travel services, technical support, education, customer care, financial services, online business-to-customer support, and online business-to-business support.
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
The Philippine Competition Commission creates a regulatory framework for market competition in order to safeguard consumers, with the goal of providing them with more alternatives for what goods or services to purchase. It would also have the effect of creating competitive businesses that would encourage economic efficiency and innovation. [1]
The Chamber of Commerce of the Philippines started on July 19, 1903, as the Philippine Chamber of Commerce (PCI). In 1948, Hilarion Henares, Sr. established the Small Industries and Machine Shop Owners of the Philippines (abbreviated as SIMSOP) and after two years of establishment, the Chamber of Commerce of the Philippines changed its name to Philippine Chamber of Commerce on March 4, 1950.
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
After World War II, President Manuel Roxas issued Executive Order (EO) No. 94 on October 4, 1947, creating the Department of Commerce and Industry (DCI). [4] Cornelio Balmaceda, a much sought-after professor of economics and director of the Bureau of Commerce (BOC), was appointed acting secretary of the newly created Department of Commerce and Industry.