THE Board of Investments (BoI) is planning a roadshow next month to attract more US investment in the healthcare segment of the information technology and business process management (IT BPM) industry.
BUSINESS process outsourcing (BPO) firms here are putting their expansion plans on hold in the Philippines as they await any US moves towards greater protectionism.
GROWTH in the business process outsourcing (BPO) sector could slide over the next few years should the US government discourage companies from tapping foreign labor markets for their operations, an analyst at ING Global Markets Research said.
INVESTMENT registered by the Philippine Economic Zone Authority (PEZA) fell over 26% in 2016, mainly due to the political uncertainty during the presidential elections and a wait-and-see attitude on Philippine and US economic policy.
President Rodrigo Roa Duterte reiterates the huge problem of illegal drugs in the country is in his speech during the ‘Convergence of Nanay Volunteers as Community Drugwatch’ held at the Parade Grounds in Clarkfield, Angeles City, Pampanga on December 22, 2016. (MNS photo) DAVAO CITY, Dec 28 (Mabuhay) — President Duterte has categorically denied he ordered authorities to just shoot and kill drug suspects even as he dismissed criticisms that those who died outside of police operations were victims of extra-judicial killings. “Did I tell you to kill? I did not. I never said you should kill drug pushers,” Duterte said in a speech before village officials here on Tuesday. He said he told policemen to make sure they were not harmed by drug-crazed pushers. “If they put up a fight, then shoot them. But those being shot at the back, those wrapped in plastic, that’s not ours,” he said, referring to victims who had been summarily executed and were dumped in public places. He said in police operations, pushers were getting killed because they had put up a fight. “I have been telling you (authorities) don’t let them (drug suspects) outsmart you,” the President said in Visayan. It was not the first time that Duterte denied ordering authorities to just kill drug suspects, although he underscored the need for them to stay alive during anti-drug operations. He also pledged to stand by policemen or soldiers, who would face charges in line with the performance of Read More …
THE PALACE on Monday said it was too early to tell how the incoming US government’s stated policy against the outsourcing of jobs overseas will affect the business process outsourcing (BPO) industry here.
THE Philippines will be among the hardest-hit economies should the US adopt protectionist trade policies, Moody’s Investors Service said in a report, which could dampen the prospects of the burgeoning business process outsourcing (BPO) sector that employs over a million Filipinos.
BUDGET Secretary Benjamin E. Diokno said the weaker peso is “no cause for concern” and is more the result of a strengthening in the dollar in anticipation of higher US interest rates.
INVESTOR worries over the Duterte government’s political, diplomatic and economic policy have been exacerbated by the souring relations between the Philippines and the US, with financial markets negatively responding to the unfolding diplomatic drama, an economist at ING Bank N.V. Manila said.
OUTGOING Philippine Ambassador to the United States Jose L. Cuisa, Jr. said that he is confident of a second compact with the Millennium Challenge Corp. (MCC) — an independent US foreign aid agency that funds poverty alleviation projects.