Cristina Coronel, president of the Philippine Software Industry Association (PSIA), said this was based on the robust annual growth of 30 percent the industry has been enjoying in recent years.
Currently, local companies have been targetting US firms. To further promote the Philippines as a major player in the global software outsourcing industry, in July the PSIA and the New York-based office of the Department of Trade and Industry conducted a roadshow in Los Angeles, San Francisco, Chicago and New York. Similar efforts are lined up to tap other markets such as Europe, Japan, New Zealand, and other countries in the Asia-Pacific region.
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Driven by increased subscription of its wireless landline service, first half revenues of Bayan Telecommunications (Bayantel) grew 18 percent to P3.07 Billion from Php2.6 Billion during the same period last year.
Lower revenues pulled down the net income of Globe Telecom Inc, the country's second-largest cellular service company, for the year's first six months.
