Philippine gov't to invest in BPO projects

03.11.2006
The Philippine government is allotting a total of some P26 billion (US$526 million) on projects that support its Cyber Corridor program, which seeks to attract investments in the field of IT and business process outsourcing (BPO).

In a statement, the Commission on Information and Communication Technology (ICT) several announced several projects under its Medium-Term Public Investment Program (MTPIP).

However, the commission said it has yet to finalize the list of the Cyber Corridor projects including the total amount of all the projects, which it plans to announce soon.

Under the MTPIP agenda, P5.1 billion is intended for the government broadband network; P11.1 billion on ICT education and distance learning; P3.5 billion for Public Access and Postal Program; P3 billion for disaster prevention and preparedness; P4 billion for government mass media and broadcast services; and P221 million for technical assistance projects.