by: Karen Cayamanda
Monday, June 6, 2011 | Outsourcing News |
Investors consider the Philippines as the “next Asian dragon”, taking note of the 25-percent-a-year growth rate of the country’s IT-BPO industry.
According to Commissioner Ivan John Enrile Uy of the Commission on Information and Communications Technology (CICT), this growth rate is attributed to the world’s biggest firms that establish business operations in the Philippines. Based on last year’s data, approximately 525,000 workers were part of the IT-BPO workforce and US$9.1 billion in export revenues were posted.
Meanwhile, Uy praised Bacolod in Negros Occidental for being ranked as the 3rd Next Wave City in the country, and 100th city globally according to Tholons International. He added that CICT aims to further prepare cities and areas outside Metro Manila to meet the needs of IT-BPO companies to “decongest Metro Manila, spread economic growth opportunities to other parts of the country, and capitalize on the abundant and globally competitive workforce available in many parts of the country."
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