The Philippines has the potential for e-commerce growth, with a projected annual increase of 15.8 percent in transaction value from 2022 to 2025. This is due to the increasing demand in information technology-business process management (IT-BPM).
"The Philippines is a powerhouse in the IT-BPM sector, driving economic growth and innovation. Accounting for 15 percent of the global market, we are the second-largest player, thanks to our talented workforce with critical technological and people skills," said Peñaranda.
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