Central bank says BPO firms not exiting the Philippines
Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said it is very unlikely for business process outsourcing (BPO) firms to pull out from the Philippines despite the US administration’s new policies. Guinigundo said BPO companies will remain, although expansion plans may be put on hold. After all, he said, there are very few options or alternatives to the Philippines as a hub for BPOs. Concerns of a possible BPO exit surfaced when US President Donald Trump made public his anti-outsourcing stance. The BSP official made the comment as he announced that the central bank expects the country’s balance of payments (BOP) surplus to hit USD1bn this year. BPO is one of the components of the BOP.
Related news
- SM to complete four BPO towers this year · 18 Mar
- Convergent Outsourcing opens new center in Iloilo · 17 Mar
- ADP named leader in payroll BPO services anew · 17 Mar
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.
