Aseana to hold back from developing new BPO buildings

Philippine property developer Aseana Holdings Inc said that while it will continue to develop business process outsourcing (BPO) projects in its pipeline, it will take a conservative approach when it comes to new BPO office projects. Aseana Holdings, a wholly-owned subsidiary of DM Wenceslao & Associates, said the issues hounding the country’s outsourcing industry have made the company more conservative in developing new BPO buildings. Projects in the pipeline, which include a 50,000 square meter of office space, however, will continue to be developed, said Aseana Holdings Managing Director Delfin Angelo Wenceslao. He also noted how a number of BPO companies are now taking a wait-and-see stance to the incoming US administration.