The Philippines has strengthened its position as one of the top destination for BPO and Shared Services in the World. The country was ranked 3rd for 2014 and 2nd for 2015 up by one notch this was according to a report by US-based global real estate adviser Cushman & Wakefield entitled “Where in the World? Business Process Outsourcing and Shared Service Location Index 2015”. The list may look surprising because India took the 20th spot however; the methods used in the rankings were based on the following factors: 1. Conditions 30 % – conditions like IT infrastructure, education and English proficiency. 2. Risk 20% – the risk factors include economic stability, political stability, corruption perception index, and energy security. 3. Costs 50 % - cost of labor, building costs, inflation, and property cost. Below is the top 10 list, lower number is better. Here's the full list. REGION Country RANK CONDITIONS RISK COST 2014 RANK APAC Vietnam 1 15 28 6 5 A