Here’s one more reason why SEM agencies are setting up shop here: BPO companies that operate contact centers in the evening are looking for businesses that can use the office during the morning shift. Because a good number of companies aren’t running call center campaigns during the day, there’s an oversupply of under utilized, fully fitted offices that SEM agencies can rent out to host their 10-man or 100-man teams.
So that’s call center agents at night, SEOs/copywriters/link builders in the morning. And it looks like somebody’s doing it already. Look up username: globalsky in the SEO Philippines Forums.