Monday, January 07, 2008

Philippines: The New Destination for IT Outsourcing

In a bid to manage costs, rising salary levels, and attrition, Indian IT-BPO companies are now expanding to other low-cost destinations like the Philippines. In the last eight months, 12 tier I IT-BPO firms have set up shop in the country.

IT giant Wipro Technologies, for instance, opened a business process outsourcing (BPO) center in Cebu, one of the Philippine islands, as a part of its strategy to build global delivery capabilities.


And it is not just Indian firms that are lining up. American-based companies like IBM, Accenture and Citigroup are also present in the country.

Read more here.

2 Comments:

At 1/08/2008 10:33 AM, Anonymous Marko said...

Good for the Philipenes! Should probably start figuring out how to invest in infrastructure there, and luxury item retailers . . .

 
At 5/22/2008 6:28 AM, Blogger Nikki said...

Philippines is now considered one of the best destination to outsource, simply because of the work force it offers. skills, knowledge and dedication are qualities a common Filipino has.

 

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