A selection of the latest news on outsourcing and productivity.

News for October 2014

Senator Rallies Support for Philippine Game App Developers

Philippine Senator Paolo Aquino IV wants the government to support the local game software development industry and hopes to see the industry reach the success of the country's business process outsourcing sector. During the Philippine Game...




Philippine BPO Sector Targets $48B Annual Revenue by 2020

The business process outsourcing (BPO) sector in the Philippines is expected to hit $48 billion in annual revenues by 2020 on the back of sustained growth from the last ten years. The Philippines compounded average growth rate (CAGR) was between 9...




DOST Targets $18B Philippine Outsourcing, Offshoring Revenue

The Department of Science and Technology (DOST) expects revenues of BPO companies in the Philippines to increase to $18 billion by the end of 2014 due to its "Next Wave Cities" program. The program aims to set up Information Technology-Business...




India Losing Business to Offshoring Firms in the Philippines

BPO companies in the Philippines are expected to absorb an estimated $30 billion in BPO earnings from rival India, according to a report by the Associated Chambers of Commerce and Industry of India (Assocham). Assocham said that India has already...




Philippine President Vows Continued Support for BPO Industry

Philippine President Benigno Aquino III said that the country's business process outsourcing (BPO) and offshoring sector can grow further with government support. During the International Information Technology - Business Process Management...




Talented IT-BPO Staff in PH Deciding Factor for Services Firm

Asia Pacific Digital (APD), a global online marketing and digital services provider with headquarters in Singapore and Sydney, plans to set up its information technology (IT) center in Manila. The plan follows the opening of a regional office center ...




Game Developers Consider Outsourcing to the Philippines

Blizzard Entertainment, maker of popular games StarCraft and World of Warcraft, Microsoft Studios (Xbox games) and five other game developers and publishers are considering offshoring to the Philippines. According to a statement by the...




Global Insurance Sector to Invest $3.5B in BPO

The global insurance sector will spend about $3.5 billion in business process outsourcing (BPO) in 2015 for digital consumers and data analysis. According to a report by Everest Group, the insurance sector will also invest more than $700 million for ...




More Big Firms to Boost Investment in BPO

About 75 percent of large international companies will boost their investment in outsourcing and take advantage of offshore delivery models for services like human resources and finance, according to research published by KPMG and HfS. The KPMG ...




Low Rental Rates in PH Attract More Outsourcing Companies

Rental rates in the Philippines remain the lowest in Asia at $29 per square feet per year, a key factor in the continued growth of the country's business process outsourcing (BPO) sector. The Philippines' rental rates are lower than cities in India...




Philippines Hosts 2014 International BPO Summit

The Philippines hosts top executives and key stakeholders from around the globe this October to share insights and address challenges at the sixth annual international IT-BPM Summit (IIS) in Makati. The summit, themed "Drive Change: Shape the...




1M Jobs in BPO & Other Sectors Cut PH Unemployment Rate

The Philippine unemployment rate dropped to 6.7 percent from last year's 7.3 percent, according to the Philippine Statistical Authority (PSA). The cut was mainly due to 1.06 million jobs generated this year by outsourcing companies and other...




PH Outsourcing Industry to Boost Demand for Office Space

The booming business process outsourcing (BPO) industry is expected to drive demand for office space in the country, according to real estate advisory firm CBRE Philippines. CBRE associate director Morgan McGilvray said in a media conference that a...




Maersk Leases PH KPO Site

Maersk Global Service Centers (Philippines) Ltd recently sealed a lease agreement for KPO (knowledge process outsourcing) space in Metro Manila, Philippines. The 8,900 square-meter space is located in Estancia Capitol Commons, a 10-hectare...




PH Offshoring on Track to Reach $25B Revenue

The Philippines' business process outsourcing (BPO) industry is on track to hit an estimated $25 billion in revenue by 2016. The sector also expects to amass a labor force of about 1.3 million employees on the same year. As the country continues to...




BPO Jobs for Nursing Graduates

BPO (business process outsourcing) companies in the Philippines are hiring nursing graduates to provide clinical and medical coding services, according to Pasig City representative Roman Romulo. The "well-paying" jobs are coming from the growing...





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