The Philippines won the Offshoring Destination of the Year Award by the National Outsourcing Association during the 2010 NOA Awards on October 21 at Park Plaza Riverbank, London. NOA is UK’s only outsourcing trade association.

This is the third time the country has won the award since 2007.

The Philippine outsourcing industry has been enjoying steady growth despite the effects of the economic meltdown experienced in the US and other countries.

In 2009, the industry earned a total of $7.2B in export revenues. This makes the Philippines the second biggest BPO provider in the world, next only to India.

The BPO industry is expected to register $9.5B in revenues, up 26% from the previous year, by end of 2010.

Reference: Philippine Star