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The Philippines' English-speaking work force

The Philippines may be best known for its pristine, white sugar sand beaches and Imelda Marcos' shoe fetish, but this island country of 90 million people has one valuable asset that 50% of Fortune 500 companies can't get enough of — its excellent English-speaking work force. The Philippines is taking over the global call-center business and turning what used to be an unproductive and costly service headache into a key profit center. There are dozens of call-center companies operating in the Philippines, but one company is head-and-shoulders above the rest, and its stock just hit a new 52-week high.
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