MANILA, Philippines (Xinhua) – The Philippines is seen to maintain its position as one of the world’s top outsourcing destination, generating an annual revenue of 25 billion U.S. dollars by 2015.
The global business process outsourcing (BPO) revenues meanwhile is expected to reach 250 billion U.S. dollars in 2015 from just 150 billion U.S. dollars this year, data from the Business Processing Association of the Philippines’ (BPAP) showed.
“More companies are expected to sub-contract service to companies in the Philippines as a way to cut costs,” BPAP said.
The country’s BPO industry is seen to end the year with 9 billion U.S. dollars in total revenue. The BPO industry is currently one of the major sources of growth of the Philippine economy.
BPAP said the Philippines is expected to maintain its market share of around 10 percent, despite emerging competitors like Vietnam and other countries in South America also joining the race for more clients.
“The country’s BPO industry currently employs around 600,000 people. We want that to grow to around 1.3 million workers in the next five years,” Danilo Reyes, BPAP director, said in a statement.
He said much of the growth will still come from call centers, which currently make up bulk of the local BPO sector. The Philippines recently displaced India as the world’s leader in call centers.
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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