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With well-researched articles and reviews on the latest news and issues on outsourcing business in India and the Philippines, Outsourcing Opinions News Round up is your guide to making informed decisions for outsourcing your business challenges for success.

6 percent drop in world IT spending

Market research firm Gartner predicts that IT spending worldwide heads to a 6 percent drop this year, based on the economic situation and the rise in the value of the U.S. dollar against most currencies in recent months. Learn more about this forecast here

India Inc.’s Response?

As if to deal with the negative projection, major IT companies in India have reduced their client billing rates to high percentages such as 35 to 40 percent. These rates are being offered as introductory rates to new clients as well as to present clients for 1 to 2 years.

Read more about this development here

Such actions may help India’s IT/BPO sector to weather out the worst of the financial storm. Despite the negative forecast by Gartner, certain indicators show that India Inc.’s may be headed to a slightly more prosperous time this year. Read more about this here

Sunny forecast in the Philippines

A similar bright forecast for the economic situation in the Philippines is declared by country’s financial/banking center, the Bangko Sentral ng Pilipinas (BSP). The Philippines will not slip into a recession as domestic demand will be boosted by remittances as well as government efforts.

Read more about this here

The Philippines’ Commission on Information and Communication Technology (CICT) expressed optimism that the country will get more BPO-related investments within this year, particularly in the province of Cebu.

Cebu is the preferred site for open or expand voice-contact service centers as well as for disaster recovery requirement among ICT companies. Learn more about Cebu’s BPO development by this year’s end here


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