PHL is now considered one to the giants in the BPO industry. It brings in about $30 billion a year to the Philippine economy, one of the legs of PHL industry, the other is OFW remittances and the remaining 1/3 are from agri and electronics subcontracting.
That is about 30% of the PHL gdp. It fuels a lot of industry: housing, food and retail, transportation, retails etc. It is fraught with danger because US wants to bring back job to USA and this includes the call center.
What would happen to the Phil economy if the BPO were to shrink. You can see the effect of POGO closure on office and housing rental market.
What would happen to the Phil economy if the BPO were to shrink. You can see the effect of POGO closure on office and housing rental market.
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