The chairman of Cebu Educational Development Foundation of Information Technology (CEDF-IT), Francis O. Monera, said the information technology and business process outsourcing (IT-BPO) industry of Cebu is at a bullish state as it is “constantly growing” and may outdo its performance in 2011, wherein the sector posted a 20% growth rate.
Monera noted that with the growth of the industry last year, 60,000 jobs were provided at the Cebu IT Park. He added that with the developments amongst BPO companies in the region, rapid establishment of BPO offices in the IT Park, and CAGR of 20 percent, it is possible for the sector to post a higher growth rate this year.
Moreover, Monera stated that several programs for educational institutions in Cebu are being organized by the CEDF-IT. The programs are set to help produce skilled workers and improve the growth rate of the IT-BPO sector in the province.