The Daily Tribune
Outsourcing will endure U.S. count
The IT and Business Process Association of the Philippines (IBPAP) anticipates that the upcoming US presidential election will not negatively impact the demand for outsourcing services in the Philippines.
IBPAP Chief Operating Officer Celeste Ilagan stated that US investors are consistently expanding their operations in the Philippines, irrespective of the political party in power.
The industry is confident in its continued growth, with aggressive targets set for employment and service export revenue.
The IT-BPM sector is projected to generate between $38 billion and $40 billion in revenue and employ 1.82 million to 1.84 million people this year.
A report by the Center for Strategic and International Studies (CSIS) highlights the IT-BPM sector as a key area offering opportunities for US investors.
The CSIS report also acknowledges the significant role of US investment in the development of the Philippine IT-BPM sector over the past decades.
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The IT and Business Process Association of the Philippines (IBPAP) is confident that the IT-BPM industry will continue to grow irrespective of the outcome of the US presidential elections.
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Philippine Ambassador to the US Jose Manuel Romualdez stated that the alliance between the Philippines and the United States will remain strong irrespective of the outcome of the US presidential election.
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