The office and residential segments this year will benefit from the thriving Business Process Outsourcing industry in the country, but large tenants would also mean a renegotiation of lease terms, which could impinge on developers’ profitability.
The Business Process Outsourcing (BPO) industry can counter the adverse effects of a strong peso by venturing into more high value segments such as finance and accounting as well as research services, an economist said Thursday.
President Benigno Aquino is upbeat about the prospects of the future Moro homeland in Mindanao, Bangsamoro, especially as a hub of information technology (IT) and business process outsourcing (BPO) companies.
Despite its robust growth in the past decade, the country’s business process outsourcing (BPO) industry is still expanding. In fact, according to one of the Philippines’ leading residential real estate services providers, the end of this expansion is still nowhere in sight.
