The Philippines' Business Process Outsourcing, or BPO industry earnings are expected to hit US$7 billion in 2008, up from the US$5 billion in 2007, according to the Business Processing Association.

Oscar Sanez, president of the Association told media persons that all BPO sectors are very optimistic and are expected to grow 40% in 2008.

Sanez said the industry is focusing more on the US, Europe, and Australia this year. He however added that an appreciating peso has hit the industry badly last year and remained a downward risk going forward.




(RTT News)