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Eastwood City Set to Open New BPO Building

by: Sarah Joson

Friday, August 12, 2011 | Outsourcing News |

Eastwood Cyberpark Philippines to Open new BPO Building

TechnoPlaza Two is the newest addition to Eastwood Cyberpark, the largest IT-BPO hub in the Philippines. The office building has a gross floor area of 34,000 sqm, with seven floors of office space. It will also have a supermarket at the ground floor and various establishments at the second floor. A bridge way will connect TechnoPlaza Two with the Eastwood Mall.

Megaworld FVP for Business Development Jericho Go said, “As the local BPO industry is forecast to generate US$11 billion this year in revenues, up from $9 billion in 2010, the country’s first and largest cyberpark continues to help the industry grow faster.” With this expansion of facilities, Megaworld aims to help the local outsourcing industry in reaching its revenue goal of $25 billion by 2016.

The Philippines, currently the 2nd top business process outsourcing destination, is predicted to surpass India’s $12.4 billion BPO industry this year. Proof of this is the country’s compounded annual growth rate (CAGR) at 27.6% in 2008, compared to India’s 11.92%.

Source:
http://www.philstar.com/

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