IBPAP remains optimistic about growth prospects
The Information Technology and Business Process Association of the Philippines (IBPAP) remains positive about the outsourcing industry’s growth prospects and its “multiplier effects” on other sectors in the coming years.
According to IBPAP President and CEO Jack Madrid, “There is no denying the resilience of Philippine IT-BPM, its driving power on the demand for office real estate across the country, and its role as an indispensable economic pillar…”
Citing the latest figures from Leechiu Property Consultants (LPC), the sector remained the largest demand driver for office space in the country in Q2, accounting for 43% of total office transactions worth 107,000 square meters (sq.m.)
“We will sustain this growth in the years ahead while leading the charge on hybrid work models, as global demands from clients and service providers dictate,” Madrid added.
This statement was released during IBPAP and LPC’s roundtable discussion about the long-term implementation of hybrid work and its effect on the real estate market.
LPC founder and CEO David Leechiu said that LPC has been an integral part of Roadmap 2022, which saw IT-BPMs move up the value chain, expand to more countryside locations, and thrive despite a global pandemic.
“We want to continue on this journey with the industry and IBPAP in the next six years, and we look forward to the milestones we will achieve together,” Leechiu added.
