Already about 10 to 20 percent of the total number of small companies in the business processing outsourcing (BPO) industry have closed shops since the start of this year.
This was a result of the peso appreciation that has significantly reduced their revenues.
Arroyo Watch: Sun.Star blog on President Arroyo
Updates on the Kadayawan Festival 2007
This grim situation currently experienced by the BPO industry, considered to be one of the country's bright prospects, was conveyed by Oscar R. Sañez, chief executive officer of the Business Processing Association of the Philippines, in an interview with Philexport News and Features.
This was a result of the peso appreciation that has significantly reduced their revenues.
Arroyo Watch: Sun.Star blog on President Arroyo
Updates on the Kadayawan Festival 2007
This grim situation currently experienced by the BPO industry, considered to be one of the country's bright prospects, was conveyed by Oscar R. Sañez, chief executive officer of the Business Processing Association of the Philippines, in an interview with Philexport News and Features.
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