No less than President Gloria Macapagal-Arroyo graced the grand opening of the Teletech Business Process Outsourcing, Inc. in Bacolod City, this province in her recent visit in the province.

Teletech is just one of the four call centers now existing in the city providing employment for thousands of Negrenses.

To date, since it started operation in Bacolod, Teletech has more than a thousand employees serving the company.

According to XMG global, an Information and Communication Technology (ICT) research in its recent study, the Philippines’ overall revenue in the outsourced ICT services is $ 2.54 biillion in 2006 higher by 41 percent in 2005.

By the end of this year, XMG predicted that the global market share of the country could reach approximately $3.5 billion.

XMG Chief Executive Officer Lauro Vives said the Philippines is still considered as a “green field” site for IT services.

XMG also said that 94 percent of the Philippines' business is combined business process outsourcing and call center revenues while another five percent is from ICT services.

With the booming BPO and call center industries, 79,400 IT professionals and 120,000 call center agents are employed both serving the local and offshore markets.

Malacañang statement said that this stream of positive news on the economy is the effect of President Gloria Arroyo’s tough decisions.

Infrastructure is a main driver of investor confidence in the same way that a balanced budget has the same effect; and both are in the top rung of the Government’s priorities, the statement added.

 Source :pia.gov.ph