Try GOLD - Free
IT-BPM industry eyes 1.84 M jobs this year
The Philippine Star
|January 23, 2024
The Information Technology and Business Process Management (IT-BPM) is targeting to exceed 1.84 million jobs this year.
According to Information Technology & Business Process Association (IBPAP) president and CEO Jack Madrid, the ITBPM closed 2023 with 1.7 million direct employment, an eight percent increase from the previous year.
In addition, the industry generated over $35 billion worth of revenues for the economy last year.
"And in 2024, I have more good news, we project to grow another seven to eight percent.
So we should cross 1.8 million jobs, in fact 1.84 million, and $39 billion in revenue for 2024," Madrid said.
Madrid added that the industry is expected to cross the two million jobs level in 2025.
"And, you know that's quite significant. It took over 10 years or maybe almost 20 years to hit one million jobs and we're attempting to do the second million in less than six. So it's really quite a feat," he said.
This story is from the January 23, 2024 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
LOVE IT OR HATE IT, 'QUEZON' ISN'T A FILM YOU CAN EASILY IGNORE
Jericho Rosales' portrayal of Manuel L. Quezon, the first president of the Philippine Commonwealth, is powerful, nuanced and brimming with conviction. He inhabits the role with intelligence and emotional honesty, showcasing his depth and maturity as an actor. No surprise if he takes home multiple Best Actor awards next year.
4 mins
November 03, 2025
The Philippine Star
Gibo to Asean: Condemn nature reserve declaration
Defense Secretary Gilbert Teodoro has called on his counterparts in Southeast Asia to condemn the harassment being perpetrated against Filipino fisherfolk in the West Philippine Sea (WPS), who are denied the right to fish in sovereign waters.
1 mins
November 03, 2025
The Philippine Star
Gatchalian wants P49-B medical aid realigned
The government's P49-billion medical assistance fund for indigent patients may be realigned to strengthen the zero-balance billing program, under a proposal by Sen. Sherwin Gatchalian, who said health care access should not depend on politicians’ discretion.
1 min
November 03, 2025
The Philippine Star
'BEAUTY AND THE BEAST' IS SET TO ENCHANT YOU IN SINGAPORE IN DECEMBER
The world has been enchanted by Disney's Beauty and the Beast for over 30 years now, starting with the original animated film that hit theaters in 1991 and became the first animated movie to receive a Best Picture nomination at the Oscars.
6 mins
November 03, 2025
The Philippine Star
BBM meets with Chile, South Korea leaders
President Marcos arrived in Manila yesterday following his participation in the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea.
3 mins
November 03, 2025
The Philippine Star
CHAD BORJA MAKES MEDELLIN IN CEBU BENEFICIARY OF COMEBACK SHOW
The September 30 earthquake, which had Bogo, Cebu as the epicenter, killed a number of people, destroyed hundreds of houses and devastated thousands of individuals.
5 mins
November 03, 2025
The Philippine Star
Xi delivers veiled warning to nations not to take the US' side
Chinese leader Xi Jinping, the de facto geopolitical heavyweight at an Asia-Pacific economic summit, on Friday courted countries for trade and investment, but also implicitly warned them not to join the United States in reducing the world's reliance on Chinese supply chains.
1 mins
November 03, 2025
The Philippine Star
'Inflation stays below 2% in Oct'
Price growth seen below target for 8th straight month
2 mins
November 03, 2025
The Philippine Star
Raps vs anti-Discaya protester junked
Environmental activist Jonila Castro did not lead or organize the Sept. 4 protest at the Discaya-owned St. Gerrard Construction office in Pasig, according to the city prosecutor's office.
1 min
November 03, 2025
The Philippine Star
Left behind, again!
According to reports from Kuala Lumpur where the ASEAN Summit conference was held last week, the US granted a zero percent import tariff exemption to three outheast Asian countries — Thailand, Malaysia and Cambodia — under new trade agreements approved directly by US President Donald Trump.
4 mins
November 03, 2025
Translate
Change font size