RP an attractive offshore destination, but not for IT - INQ7.net: "THE PHILIPPINES now ranks second in the world’s top 14 destinations for business process outsourcing (BPO), next to India. However, the country ranks poorly when it comes to information technology outsourcing (ITO), a recent study by NeoIT shows.

In its recent Mapping Offshore Markets Update 2005, NeoIT (www.neoIT.com) indicated that the Philippines remains a contender in the global offshore BPO market. The Philippine offshore BPO market size is estimated to be about 800 million dollars in 2004. India's offshore BPO market size is worth 5.2 billion dollars in the same year.

The Philippines' IT outsourcing market size, on the other end, is about 330 million dollars in 2004, measly compared to India's 12.2 billion dollars, the study noted.
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