SourceFit

SEPTEMBER 30, 2014

The growing BPO industry in the Philippines is spreading outside Metro Manila to help “decongest” the area, said international real estate firm KMC MAG Group. It added that the burgeoning demand for prime space beyond the CBDs (central business districts) was mainly due to a desire for lower attrition rates by companies. KMC MAG Group associate director Gerold Fernando reported to the media that many companies lose “thousands”?

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SourceFit

SEPTEMBER 29, 2014

The Philippines’ business processing outsourcing (BPO) sector now employs 1 million people, increasing nearly tenfold from the 103,500 figure in 2004. According to the IT and Business Process Association of the Philippines (IBPAP), the country’s BPO sector is expected to reach $18 billion in revenue in 2014 and employ about 1.3 million people by 2016.

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SourceFit

SEPTEMBER 26, 2014

U.S. and European investors have expressed keen interest in the Philippines’ Business Process Outsourcing (BPO) market for possible expansion of their operations and other business investments. . The positive news came from Trade Secretary Gregory Domingo during an informal interview with local reporters. He mentioned that during his recent visit to the U.S., a number of American and European firms said that they are eyeing the Philippines for their business expansion ventures.

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SourceFit

SEPTEMBER 25, 2014

The Department of Trade and Industry cited business process outsourcing (BPO) as one of the high-potential services and products that the government plans to further promote in the European market. Other products with potential for strong market demand include marine products, preserved fruits and organic foods, quality garments, gift items, and home furnishings.

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SourceFit

SEPTEMBER 24, 2014

The Philippines’ health care information management services industry is poised to hit the $2.4 billion revenue mark by 2014, according to the Healthcare Information Management Outsourcing Association of the Philippines (HIMOAP). The country’s steady economic growth drives it to become one of the global leaders in health care business process outsourcing (BPO).

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SourceFit

SEPTEMBER 23, 2014

The Philippine capital is fast becoming a top low-cost destination for many multinational companies (MNCs) to set up base, according to global real estate consultants Cushman & Wakefield. The consultancy group published a research paper in August reporting that many MNCs prefer to set up headquarters in India and China. . The MNCs include research and development pharmaceutical firms (China), and information technology (IT) and business process outsourcing (BPO) companies (India).

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