Information Technology-Business Process Outsourcing (IT-BPO) is the fastest growing industry in the Philippines today. It boasts a steady growth in revenue with an average of 9% yearly and covers about 10-15% market share of the global outsourcing market.
Filipino and Israeli businessmen aim to triple bilateral trade amid glowing partnership prospects. During a business forum on Monday, Philippine Chamber of Commerce and Industry (PCCI) President Miguel B. Varela said two-way trade between the Philippines and Israel amounted to the maximum amount $250 million as of last year.
The Business Process Outsourcing sector will continue to create majority of the demand for real estate, supported by a wide market of residential buyers, property consulting company CBRE Philippines said on Wednesday.
The Business Process Outsourcing (BPO) industry in the country is continuing to rise, and demand for commercial and office space is also growing.
Based on ABS CBN news, the appeal of Philippine investment is actually growing for property investment and development. This are from the results of just recent study, Emerging Trends in Real Estate 2013, accomplished by PricewaterhouseCoopers (PwC) along with the Urban Land Institute (ULI).
It is a fact that in today’s business world, offshore outsourcing is a trend now which is very possible for companies who want to develop their business or simply reduce their overhead.
The country’s business process outsourcing (BPO) sector is batting for a higher growth target as the global economic conditions become more conducive to the subcontracting of work by companies in developed markets.
Considered one of the most dynamic sectors in the world, the Philippine market BPO should continue on a positive trend this year.
Because of the last economic downturn, many companies continue to seek an outsourcing company that will meet their requirements, flexibility and cost effective. The choices have expanded to consist of many procedures that have not previously been off-site, including staffing offshore.
Outsourcing to Philippines may be a new effort for some companies, but to those who were in outsourcing before, outsourcing to Philippines has helped a lot.