BPO among main drivers in Central Luzon’s economic growth
Expansion in the business process outsourcing (BPO) and robust overseas workers’ remittances remain the main factors cited for the economic growth in Central Luzon. According to BDO Unibank Inc chairperson Teresita Sy-Coson Central Luzon is growing faster than the rest of the country, with over 7.2% regional real GDP growth from 2011 to 2016. The main factors in supporting growth are the remittances from overseas workers, the rapid urbanization of the Philippine countryside, particularly Pampanga, and the rapid expansion of the outsourcing industry. Sy-Coson said Central Luzon will play a significant role in helping the Philippines retain its position as Asia’s fastest-growing region.
Related news
- Greenfield tops off high-rise BPO building · 18 Oct
- Socialized housing for BPO workers eyed · 17 Oct
- Retention of tax incentives reinvigorates BPO investors · 17 Oct
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
