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PH Government Eyes $50B Revenues from ICT-BPO

by: Sarah Joson

Wednesday, June 27, 2012 | Outsourcing News |

With the continuous growth of the information and communication technology (ICT) - business process outsourcing (BPO) sector of the country, the government is optimistic that it will reach the revenue target of $50 billion by 2016.

PH ICT-BPO Seen to Generate $50B in Revenues

During the recently concluded Cebu ICT and BPO Summit, ICT Office Executive Director Luis Casambre said with the current growth rate of the sector, the revenue target can be met easily. He added that the projected $50 billion will be able to provide more jobs for Filipinos.

Furthermore, Casambre said the BPO sector is the second largest revenue contributor last year, adding $10.9 billion to the country’s Gross National Product.

During the first year of the ICT Office as an attached agency of the Department of Science and Technology (DOST), it has managed to continue operations and implement projects. These include continuation of the E-government project, creation of a Cyber Security Program, as well as the continued development of industries related to ICT.


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