The Philippines' booming business process outsourcing (BPO) industry will employ one million Filipinos by mid-2014—and the number could reach 1.5 million by 2016, the Department of Trade and Industry said. "We see continued strong growth [in BPO] of 15 to 20 percent yearly. The 1.5 million [jobs] target in 2016 might be a bit stretched, but I see that it is achievable," Trade Secretary Gregory L. Domingo told reporters Monday. The number of jobs in BPO reached 750,000 in 2012 and is expected to reach 920,000 by the end of this year. BPO revenues are expected to hit $27. ...
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