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DOST Targets $18B Philippine Outsourcing, Offshoring Revenue

SourceFit

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 new areas include healthcare outsourcing, software development, game development and animation. million target by 2016.

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Next Wave Cities to Drive Philippine BPO Growth

SourceFit

will drive the growth of the Philippines’ Information Technology-Business Processing Management (IT-BPM) and offshoring sector, according to Department of Science and Technology (DOST) secretary Mario Montejo. The so-called Next Wave Cities are expected to boost the industry’s revenue to $18 billion by the end of 2014.

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