Over a thousand jobs for FIlipinos will be open if three (3) Israeli companies will push through with their interest in expanding their business operations in the Philippines.

Economic Attaché and Head of the Israel Embassy’s Economic Mission Tomer Heyvi stated Amdocs, LR Group, and Maroonz Holdings submitted Letters of Intent to the Department of Trade and Industry (DTI).

DTI Secretary Ramon Lopez said early harvest from these enterprises could be $150 million this 202. Amdocs’ growth will create 1,000 jobs, while Maroonz’s investments will open 100 jobs.

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Heyvi noted that in addition to expanding trade in goods, the Israeli government has the goal of expanding business activities with the Philippines. In an interview, Heyvi told that the BPO services are utilized by the most successful technology businesses in Israel today.

Furthermore, the workforce of these Israeli BPO enterprises in the Philippines is continuously growing. Apart from the information technology and business process outsourcing industry, Israel wants to maximize its potential in other service industries such as software development, fintech, electronics manufacturing services, and cybersecurity.

Source: PNA



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