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Strong peso threatens BPO sector

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Demand by foreigners for peso-denominated stocks, bonds and other financial instruments helped foreign portfolio investments hit the highest in a decade in 2012, although the net inflow of foreign hot money was down year on year by about 5 percent.  AFP PHOTO

THE GROWTH of the local business process outsourcing (BPO) industry is under threat due to the strengthening of the peso, which has already taken away “low costs” as one of the Philippines’ biggest advantages over competitors like India and China.   In a statement this week, the Business Processing Association of the Philippines (BPAP) said [...]

Posted: December 26th, 2012 in Editor's Pick,Headlines | Read More »

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