Tuesday, June 03, 2008

Philippines seeks to become back office superpower by 2010

MANILA (AFP) — The Philippines aims to make the most of the economic slowdown in the US by capturing at least 10 percent of the world's back office work within the next two years, industry leaders say.

They say the problems in the US and the possibility of recession could be a bonus as more companies based there attempt to save money by outsourcing their operations to the Philippines.

Call centres and back-office operations, such as accounting and financial processes, medical and legal transcription, engineering services and software writing, is one of the fastest growing businesses in the Philippines.

The Business Process Association of the Philippines (BPAP) expects the sector to be posting revenues of 13 billion dollars and employ more than one million people by 2010. To read more click here.

Published Feb 26, 2008