The Philippine Economic Zone Authority (PEZA) is betting big on the information-technology business process management (IT-BPM) sector to fuel the next wave of job creation across the country’s ecozones through 2028.
While the global information technology and business process management (IT-BPM) industry trudges along at a modest 2 percent annual growth, the Philippines is quietly pulling ahead.
The Philippine information technology and business process management (IT-BPM) industry is set to notch another banner year, with employment projected to reach 1.9 million and export revenues expected to hit USD40 billion in 2025, according to the IT and Business Process Association of the Philippines (IBPAP).
Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday.
DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.
The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.