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Next Wave Cities Seen to Boost PH Economy

by: Sarah Joson

Wednesday, October 22, 2014 | Outsourcing News |

According to Department of Science and Technology (DOST) Secretary Mario Montejo, the local economy’s revenues could reach $18 billion through the Information Technology-Business Processing Management (IT-BPM) operations in "Next Wave Cities".

In his speech at the International IT-BPM Summit in Makati, Montejo said the sector only had 525,000 full-time employees back in June 2010. It has recently surpassed the 1-million mark, which means the country is poised to reach the 1.3 million employee target by 2016. He added that the revenue target of $25 billion for 2016 is more achievable if the country is able to reach $18 billion by the end of 2014.

PH provinces included in "Next Wave Cities"

Montejo also pointed out that the DOST-ICT included areas such as Baguio, Iloilo, Sta. Rosa, and Bacolod in the "Next Wave Cities". These areas are being developed to house IT-BPM hubs, and eventually become part of the list of the top 100 IT-BPM hubs globally.

The org body also rolled out programs in various areas within the provinces in hopes of increasing the knowledge of residents about non-voice processes like animation, game development, healthcare outsourcing, and software development.

DOST Deputy Executive Director Monchito Ibrahim touched on key topics such as Rural Impact Sourcing in which individuals are equipped with basic knowledge and skills, as well as how to build start-up companies for ICT processes. He also pointed out that rural sourcing has 300,000 entrepreneurs involved in the IT-BPM segment.

Moreover, he pointed out that nursing graduates and board passers can look for opportunities in the healthcare outsourcing segment of the country. Careers include medical transcriptionists, medical secretaries, medical coders and billers, medical assistants, medical representatives, medical butlers, and clinical research associates.


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