Sat.May 02, 2015 - Fri.May 08, 2015

article thumbnail

Philippines Outsourcing Sector to Lower Poverty Levels – World Bank

SourceFit

Revenues from Philippines Outsourcing – the country’s booming information technology and business process outsourcing (IT-BPO) sector – along with strong foreign remittances and higher government spending, are expected to boost Philippine economy in 2015 and 2016 and slash the country’s poverty incidence, according to a World Bank report. .

Banking 40
article thumbnail

Business Process Outsourcing Philippines Drives M-Commerce Boom

SourceFit

M-commerce (mobile commerce) in the Philippines is rapidly growing due to the increasing penetration of smartphones among a young, digitally-connected population, according to Euromonitor International. The London-based market intelligence firm expects m-commerce to reach US$9 million in the Philippines and Thailand by 2018. Analysts said the booming industry that is business process outsourcing Philippines is also driving the growth of m-commerce in the country.

article thumbnail

Philippines No.3 in the World for Business Confidence

SourceFit

The Philippines is ranked third in the world and number one among the Association of Southeast Asian Nations (ASEAN) for business confidence, according to a recent report by consulting and market intelligence firm Grant Thornton International. . Despite a drop of 2 percentage points from last year, the overwhelming majority (86 percent) of Philippines business leaders are optimistic about the economic climate in the next 12 months.