September, 2012

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PH Non Voice BPO Rapidly Growing

SourceFit

As the Philippines maintains its position as the leading provider of voice services in the world, it also continues to post rapid growth as a non-voice service provider, according to the Business Processing Association of the Philippines (BPAP). . BPAP figures show that in 2011, the country’s non-voice services – a sub-sector of the business process outsourcing industry – posted 30 percent growth as the entire IT-BPO sector achieved 24 percent growth. .

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Report Names PH the world’s 6th Fastest Economy

SourceFit

A new report places the Philippines at number six among the world’s ten fastest growing economies with an expected average growth of 7.3% over the next 38 years. . The country, according to the Knight Frank and Citi Private Wealth’s 2012 Wealth Report, will be among the most rapidly growing economies in the world as developing markets in Asia become the major sources of growth across the globe by 2050.

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PNoy Signs Data Privacy Act into law

SourceFit

The Data Privacy Act, also called Republic Act No. 10173, has been signed into law by President Benigno Aquino III recently. . The law is seen as a boost to the country’s rapidly expanding information technology and business process outsourcing (IT-BPO) sector. . Business Processing Association of the Philippines (BPAP) president Benedict Hernandez said in an interview quoted on www.interaksyon.com, “Much of our work involves confidential personal and company information, and client

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PH Now Strongest-Performing Economy in Asia

SourceFit

Despite economic uncertainties in Europe and the United States and a weak global economic environment, an economic expert says that the Philippines is now one of the best performing economies in the region. . In a recent interview with Bloomberg, Michael Spencer, Deutsche Bank AG’s chief economist for Asia said that the Philippines is the “strongest-performing economy”?

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The HR Leader’s Workforce Management Guide

In today’s fast-paced business world, effective workforce management (WFM) isn’t just an option—it’s a necessity.