Exhibiting nominal growth rates of approximately 20% every year, business process outsourcing (BPO) is the Philippines’ most successful major sector. While accounting for only about 2% of national employment in 2012, the sector still makes an oversized contribution to the country’s GDP and especially to growth, both directly and indirectly as it...
How does the Philippines encourage investment in business process outsourcing (BPO) and IT?
Remittances from overseas Filipino workers (OFWs) are vitally important to the economy and, like business process outsourcing (BPO), these revenues tend to take the edge off any economic shocks. In a further similarity to BPO revenues, remittances are also comparatively easy to accrue, requiring no capital investments, equipment or facilities, and...
How is the government looking to build on the Philippines’ recent investment rating upgrade and to move forward on its economic goals?
What are the current priorities to simplifying business processes and increasing competitiveness?
Of all the free trade agreements (FTA) signed and in negotiation, the Trans-Pacific Partnership (TPP) promises to do the most to improve the fortunes of the Philippines. It will not only lift trade numbers, which is vital if the country is going to grow enough to reach its economic targets, but it will also force it to make a number of difficult...
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