More BPO and IT-related jobs are set to surge for Filipino job-seekers as three companies from Israel have expressed their interest in expanding their operations in the country.
According to Economic Attaché and Head of the Economic Mission of the Israel Embassy Tomer Heyvi, the companies that submitted Letters of Intent (LOIs) to the Department of Trade and Industry on Friday are software development company Amdocs, agro-business firm LR Group, and information technology and business process outsourcing (ITBPO) company Maroonz Holdings (DTI).
As per DTI Secretary Ramon Lopez, the early harvest from these enterprises could be $150 million this year. Amdocs’ growth will create 1,000 jobs, while Maroonz’s investments will create 100 jobs.
Heyvi remarked that the Israeli government’s aim is to grow economic activity with the Philippines in addition to increasing commerce in products. Heyvi also stated in an interview that BPO services are used by the most successful technological firms in Israel today.
Moreover, the Philippine workforce of these Israeli BPO companies is constantly expanding. Apart from IT and BPO, Israel seeks to expand into other service areas such as software development, finance, electronics manufacturing services, and cybersecurity.
Meanwhile, with the rising number of overseas Filipino workers (OFWs) in Israel, Heyvi said that a Philippine bank will open a branch in Israel to assist with remittances between the two countries. Ilan Fluss, Israel’s ambassador to the Philippines, stated that Israel has almost 30,000 OFWs, the majority of whom are carers.
In a government-to-government arrangement, the Philippines and Israel recently deployed the first group of hotel workers to the Holy Land after Israel opened its hotel industry to Filipino workers.