September, 2013

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PH tops economic growth in Southeast Asia – Standard & Poor’s

SourceFit

The Philippines has now become the leader in economic growth in Southeast Asia, according to American financial services company Standard & Poor’s (S&P). . In a recent report, S&P said that continued economic growth in the Philippines has helped the country surpass Indonesia’s economic performance. . S&P Asia Pacific chief economist Paul Gruenwald added, in an interview with Yahoo!

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$20-billion revenue for PH IT-BPO by next year

SourceFit

The Philippines’ IT-BPO (Information Technology and Business Process Outsourcing) sector expects to hit $20 billion in revenues in 2014 as more outsourcing firms in the country are moving into high value services and generating more revenues. . During the recent quarterly CEO briefing of the Information Technology and Business Process Association of the Philippines (IT-BPAP), IT-BPAP senior executive director Gillian Joyce Virata told the press that achieving the industry’s $20 billi

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PH catching up with India in global BPO market share

SourceFit

Competitive talent and language skills are helping the Philippines, Canada and Poland catch up with India in terms of global business process outsourcing (BPO) market share. According to a report published in financialexpress.com, the $13.3-billion Philippine outsourcing sector posted 15.6% growth in 2013; which is significantly bigger than the 8.9% growth posted by India’s $20-billion outsourcing industry.

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