Monday, May 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Outsourcing firms staying ­– US envoy

Othel V. CamposbyOthel V. Campos
January 31, 2017, 9:45 pm
in Business
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

US Ambassador to the Philippines Sung Kim on Tuesday downplayed reports that American business process outsourcing companies are holding off expansion in the Philippines.

“We don’t see big downturn on BPO engagement here any time soon,” Kim told the Makati Business Club during the group’s membership forum in Makati City.

“What we see is a dedicated workforce in an environment of competitive wages and the cultural affinity that drive US companies to set BPO operations here in the Philippines,” the US envoy said.

He said despite the relative policies that might come out from Washington D.C., the attractive positive advantage would not change US companies’ perception of the Philippines.

US Ambassador to the Philippines Sung Kim

Majority of the BPO companies in the Philippines are headquartered in the US, including Convergys, the largest private sector employer in the country.  About 70 percent of revenues from BPO operations in the Philippines originate from American companies.

Kim also assured that the US Embassy in the Philippines would continue to accommodate US via applicants, despite the immigration ban issued by the US to immigrants from seven Islamic countries.

The embassy was processing at least 20,000 US visa applications on a monthly basis.

“Personally, I don’t see US engagement slowing down or halting in the Philippines soon,” Kim said.

Meanwhile, research company International Data Corp. said evolving BPO sector into higher-value services around contact centers, medical transcription, software development, animation and game development and global captive operations centers would still be very much viable in the short term, given the country’s inherent strengths. 

IDC Philippines business operations head Jubert Alberto, however, said in the longer term,  the sector's growth outlook could change due to the shift in pivot and policy changes in the Duterte and Trump administrations.

“This may lead to an impression of the country’s volatility and together with issues on manpower and availability of skill sets, it may result in the industry stagnating in the near future due to lack of new investments and expansionary plans from incumbents,” Alberto said. 

“Far-reaching measures to address key issues are of paramount importance this year,” he said.

The Philippine Economic Zone Authority earlier warned that the expansion programs of the BPO sector might be put on hold due to the proposed  policy in the US on offshore services such as business process outsourcing.

The IT-Business Process Association of the Philippine remains optimistic about its outlook because of the interest  of many countries in investing in the Philippine IT-BPM services such as the United States, Japan, New Zealand, Australia, Canada and India.

The IT-BPAP targets to generate 7.6 million direct and indirect jobs by 2020 and create 500,000 jobs outside Metro Manila.

The  industry also  expects  to earn $40 billion by 2020 with a 15-percent global market share.

The Philippine IT-BPM industry generated $22.9 billion in revenues last year and provided direct employment to 1.15 million Filipinos with an additional 3.68 million jobs outside the industry, both indirect and induced employment. With Darwin G. Amolejar

Tags: BPObusiness process outsourcingMakati Business ClubSung KimUS Ambassador to the Philippines
ADVERTISEMENT
Othel V. Campos

Othel V. Campos

Related Posts

FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:40 am
0
8
FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:35 am
0
8
FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:30 am
0
8
FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:25 am
0
8
FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN BALANCED FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:20 am
0
8
FIRST METRO SAVE AND LEARN BALANCED FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:15 am
0
8
FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

Read more

Print Edition

View More

Recent Posts

  • AboitizPower leads groundbreaking for new Maco de Oro science lab
  • Beat the summer heat with Urbanize’s The Coldest Water Shaker Bottle!
  • In Less Than 2 Years This Beauty Brand Is Making A Statement In The Beauty Industry 
  • Cebuana Lhuillier expands its affordable healthcare insurance with the launch of HealthMax
  • Miss Universe PH 2023 Michelle Marquez Dee comes out as bisexual
  • Four dead after boat overturns on Italy’s Lake Maggiore
  • No glory for bullies: South Korea’s school violence epidemic
  • China to send first civilian into space on Tuesday

Advertisement

Latest News

Four dead after boat overturns on Italy’s Lake Maggiore

byAFP
May 29, 2023, 3:00 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Rome, Italy - Four people died when a boat carrying tourists overturned on Lake Maggiore in strong winds, Italy's fire brigade...

Read more

No glory for bullies: South Korea’s school violence epidemic

byAFP
May 29, 2023, 2:00 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Busan, South Korea - Pins hidden in her shoes, head forced down a toilet, kicked in the stomach: Korean hairdresser Pyo...

Read more

China to send first civilian into space on Tuesday

byAFP
May 29, 2023, 1:00 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Jiuquan, China - China will send its first civilian astronaut into space as part of a crewed mission to the Tiangong space...

Read more

Erdogan: Turkey’s undisputed titan enters third decade of rule

byAFP
May 29, 2023, 12:00 pm
0
8
Erdogan says Saudi Arabia wants armed Turkish drones

By Imran Marashli Istanbul, Turkey - Recep Tayyip Erdogan has cemented his status as the most important figure in modern Turkish...

Read more

Empowering Employees and Clients with Tech, and Learning Culture to Drive Growth in a Volatile Biz Landscape

byThe Standard
May 29, 2023, 11:12 am
0
8
Empowering Employees and Clients with Tech, and Learning Culture to Drive Growth in a Volatile Biz Landscape

As the world becomes more unpredictable, businesses and technologies have emerged as key players in creating stability and driving growth....

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App