Philippine BPO industry to profit from Brexit

The United Kingdom’s decision to leave the European Union will benefit the business process outsourcing (BPO) industry in the Philippines. According to Leechiu Property Consultants founder and CEO David Leechiu, the Brexit will only speed up the decision of many western companies to outsource jobs to the Philippines to try and increase profits by cutting costs. While Brexit will have a minimal economic impact on the Philippines, Leechiu said there is a big opportunity that the industry should capitalize on. The Philippines, he added, will do well in light of what he described as a catastrophic event in the world markets.