January, 2015

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Philippine ICT Industry Spending Rises

SourceFit

Spending for information and communications technology (ICT) in the Philippines is projected to rise, as local companies plan to increase spending by 10.1 percent year-on-year, according to international market research group International Data Corp. (IDC). The so-called 3rd Platform composed of the cloud, mobility, big data, and social business will drive increased spending in the Philippine ICT industry in 2015.

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PH BPO Firms Lead Job Creation: Employment to Pick Up in 2015

SourceFit

Employment is expected to pick up in 2015, with the Philippines’ business process outsourcing (BPO), manufacturing and retail sectors continuing to lead job creation, according to the Employers Confederation of the Philippines (Ecop). However, the organization remains cautious about the general job outlook due to slower economic growth in 2014.

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Philippine BPO, Other FDIs to Drive Growth in 2015 – DTI

SourceFit

The Department of Trade and Industry (DTI) expects the Philippine economy to grow at least 7 percent in 2015, with foreign direct investments (FDI) and lower oil prices driving the growth. Foreign direct investments rose 61 percent to $4.8 billion in 2014, with growth centered mostly in the business process outsourcing (BPO) and manufacturing sectors.

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