Cebu’s IT-BPM industry to sustain growth
Cebu continues to maintain a high level of competitiveness thanks to the expansion of the existing information technology-business process management (IT-BPM) industry. Cebu IT-BPM Organization (CIB.O) managing director Wilfredo Sa-a Jr. said Cebu still managed to grow even more than Manila despite the challenges the IT-BPM industry faced this year. Growth in human resources is among the ways stakeholders gauge industry growth. Sa-a said one company grew its headcount by almost 100%. He added that they expect the industry in Cebu to end the year with at least 160,000 workers, up from last year’s 150,000. Although some companies experienced contractions and registered flat growth, he said others posted growth. Cebu fared even better compared to Manila, where the growth rate has significantly gone down. According to Sa-a Cebu’s strong brand as a trade and tourism destination, coupled with the presence of highly-educated, English-speaking workers continues to attract investors to the province.
Related news
- Stricter security for BPO hubs · 26 Dec
- Philippine economy will maintain growth – central bank · 21 Dec
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
