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Monday, December 24, 2012

Philippine outsourcing industry to post double-digit growth

The Philippine outsourcing industry will post a 15.7-percent growth in revenues this year to $12.7 billion (P537 billion) from $11 billion last year, says consulting firm XMG Capital.
  In a mid-year review released in August, it says the Philippines is among the top beneficiaries  of outsourcing, along with Indonesia and BRIC countries Brazil, Russia, India and China.
  But it says India remains the "pre-eminent outsourcing power," with revenues seen growing to $63.2 billion this year from $59 billion in 2011.
  Close second is China, XMG Capital says, with revenues projected to grow to $58.3 billion in 2012 from $45.7 billion in 2011.