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Outsourcing Philippines Reached $18.4B Revenue in 2014

SourceFit

The Philippines’ outsourcing industry (information technology and business process outsourcing) recorded S18.4 billion in revenues in 2014 or a growth of 18.7 While contact center services still accounted for the biggest revenue share, healthcare information management was the faster-growing segment in 2014.

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Outsourcing Sector in the Philippines Drives Q4 Growth

SourceFit

Balisacan expects the main growth drivers of the Philippine economy this fourth quarter to be the business process outsourcing (BPO) industry and the manufacturing sector. Many businesses are also hopeful about the economy, and 2014 exports have been stellar especially for higher value products.

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1M Jobs in BPO & Other Sectors Cut PH Unemployment Rate

SourceFit

PSA’s 2014 Labor Force Survey reported that 93.3 million in 2014 from 37.4 percent to 2014’s 64.4 percent to 2014’s 18.3 Balisacan said that the government should maintain a favorable economic climate, with the goal to boost investment and encourage employers to hire more workers.

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BPO Philippines on Track to Meet $25B Goal for 2016

SourceFit

billion in the third quarter of 2014, 11.8 billion revenue from Q4 2014 higher than the $4.7 billion posted in the second quarter of 2014. Meanwhile, total service exports that include non-commercial services are not expected to meet the government target of $24.4 Outcome-Based Outsourcing Solutions to Rise in 2015.

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Philippine President Vows Continued Support for BPO Industry

SourceFit

Philippine President Benigno Aquino III said that the country’s business process outsourcing (BPO) and offshoring sector can grow further with government support. Aquino told business leaders that the BPO sector could employ 1.3 million Filipinos by 2016 from 2014’s 1 million.

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Philippine BPO, Other FDIs to Drive Growth in 2015 – DTI

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billion in 2014, with growth centered mostly in the business process outsourcing (BPO) and manufacturing sectors. billion in 2014. . percent and the government is targeting 7 to 8 percent growth for 2015. percent growth for the country in 2014. Foreign direct investments rose 61 percent to $4.8

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PH BPO Firms Lead Job Creation: Employment to Pick Up in 2015

SourceFit

Employment is expected to pick up in 2015, with the Philippines’ business process outsourcing (BPO), manufacturing and retail sectors continuing to lead job creation, according to the Employers Confederation of the Philippines (Ecop). Ecop expects more jobs in 2015 because of government and private infrastructure projects.

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