• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » BPO to save dollar remittance dip

BPO to save dollar remittance dip

BPO to save OFW remittance dip

The Bangko Sentral ng Pilipinas (BSP) admits that dollar remittances this year could shrink due to the COVID-19 pandemic. BSP governor Benjamin Diokno said he would do “whatever it takes” to support the economy. 

Business process outsourcing (BPO) receipts are expected to grow two per cent this year from the previous forecast of five per cent. Diokno said that the BPO industry will partly make up for the decline in remittances. 

Further, according to Diokno, the expected drop in remittances is “not a major blow to our external position,” adding that they’re still expecting a positive balance of payment position. 

Diokno also cited the country’s “A-” rating from the Japan Credit Ratings Agency as a “significant achievement in a sea of downgrades.” 

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image