Students, teachers in three PHL colleges to gain from $650,000 ADB grant
The Asian Development Bank has forged with the Philippines a $650,000 technical assistance grant to improve teaching and learning in colleges that supply information and communications technology graduates to the business process outsourcing industry.
According to the memorandum of understanding signed between Finance Secretary Cesar Purisima and ADB country director Neeraj Jain, 900 faculty and 3,000 students will benefit in at least three colleges that will serve as ICT hubs funded by the grant.
“The IT-BPO sector has been one of the sunshine industries in the Philippines and sustaining its performance has been the priority of this government as we believe on its potential to generate jobs and in the process, boost demand and growth in the country,” Purisima said.
While, $500,000 of the grant will come from the Republic of Korea e-Asia and Knowledge Partnership Fund by the ADB. The Philippine government will provide the remaining $150,000 in the form of “in kind contributions.”
The ADB said it worked out the grant, because “national competitiveness, moving into knowledge-based services, and achieving and maintaining rapid economic progress, would require an educated workforce equipped with skills that meet the demands of high-growth industries.”
According to the MOU, at least three hubs will be established: one each in Luzon, Visayas and Mindanao. Each hub will be ICT-enabled and provide “online training” to teachers and “digitized learning modules and study guides” for students.
Implementation will be monitored by a steering committee chaired by the Finance Department and with members from the Commission on Higher Education, National Economic and Development Authority, the Business Processing Association of the Philippines, among others.
Citing Board of Investment figures, the ADB said” IT-BPO revenues grew by 24 percent to roughly $11 billion with the industry employing 638,000 people as full-time employees.”
The Aquino administration has set a $25-billion industry revenue goal by 2016. —Earl Victor Rosero, GMA News
According to the memorandum of understanding signed between Finance Secretary Cesar Purisima and ADB country director Neeraj Jain, 900 faculty and 3,000 students will benefit in at least three colleges that will serve as ICT hubs funded by the grant.
“The IT-BPO sector has been one of the sunshine industries in the Philippines and sustaining its performance has been the priority of this government as we believe on its potential to generate jobs and in the process, boost demand and growth in the country,” Purisima said.
While, $500,000 of the grant will come from the Republic of Korea e-Asia and Knowledge Partnership Fund by the ADB. The Philippine government will provide the remaining $150,000 in the form of “in kind contributions.”
The ADB said it worked out the grant, because “national competitiveness, moving into knowledge-based services, and achieving and maintaining rapid economic progress, would require an educated workforce equipped with skills that meet the demands of high-growth industries.”
According to the MOU, at least three hubs will be established: one each in Luzon, Visayas and Mindanao. Each hub will be ICT-enabled and provide “online training” to teachers and “digitized learning modules and study guides” for students.
Implementation will be monitored by a steering committee chaired by the Finance Department and with members from the Commission on Higher Education, National Economic and Development Authority, the Business Processing Association of the Philippines, among others.
Citing Board of Investment figures, the ADB said” IT-BPO revenues grew by 24 percent to roughly $11 billion with the industry employing 638,000 people as full-time employees.”
The Aquino administration has set a $25-billion industry revenue goal by 2016. —Earl Victor Rosero, GMA News
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