Phl seen as next 'dragon' in BPO industry

Monday, 06 June 2011 08:40

By Danny B. Dangcalan, The Philippine Star

BACOLOD CITY, Philippines – The information technology – business process outsourcing (IT-BPO) industry in the Philippines is growing by about 25 percent a year, and investors see the country as the "next Asian dragon," Commissioner Ivan John Enrile Uy of the Commission on ICT (information and communications technology) said last week.

Uy said many of the world’s largest companies operate the biggest services centers in the Philippines, which is why the IT-BPO industry here continues to grow.

As of last year, the industry employed about 525,000 people and had generated more than USD9.1 billion in export revenues, he added.

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