Global execs to visit RP for BPO summit - Participating countries include Egypt

abs-cbnNEWS.com | 09/04/2009 2:21 PM

MANILA - Top executives from more than 10 countries are set to visit the Philippines next month for this year's International Outsourcing Summit.

Organized by the Business Processing Association of the Philippines (BPAP), the event aims to examine the changing nature of the outsourcing industry, to identify and address challenges to growth, and to build global partnerships to capitalize on increasing opportunities.

As the world's second top offshore BPO center, BPAP President and Chief Executive Officer Sanez said the Philippines is an ideal place to hold this year's outsourcing summit.

“The International Outsourcing Summit allows us to publicly stake out our leadership role in the industry, and to demonstrate our influence on its development,” Sanez said in a statement.

To be held on October 20 and 21, the 2009 International Outsourcing Summit is supported by the Department of Tourism, Department of Trade and Industry, Board of Investments, the Commission on Information and Communications Technology, and strategic marketing communications firm TeamAsia.

Senior executives from several BPO companies are expected to take part in the summit, as well as top officials from aligned industries such as telecommunications and network infrastructure.

Participating countries include Australia, Brazil, Canada, China, Egypt, France, India, Ireland, Japan, Malaysia, Mexico, the United Arab Emirates, Singapore, South Africa, the United Kingdom, and the United States.

"We're seeing major industry personalities sign up as presenters and panelists, as well as a steady stream of delegate registrations. This is an important conversation, and the most influential people in the industry are anxious to participate," Sanez said.

BPAP earlier projected that the country's BPO sector will earn $13 billion in revenues by next year, capturing 10% of the global IT-BPO market. The economic slump, however, has caused the industry group to push back its revenue target by one year, which it also lowered by $1 billion.

Revenues of the country's BPO industry grew 26% last year to $6 billion, which Sanez said is "still quite commendable" given the collapse of major companies worldwide at the onset of the crisis last year.

For 2009, BPAP is expecting a 23% rise in revenues to $7.5 billion.