Philippines to Keep $26 Billion Outsourcing Engine Humming Despite Crisis
- Country slips a notch in Tholons’ competitiveness ranking
- Outsourcing group to recalibrate targets, map out strategy
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The Philippines’ $26 billion outsourcing industry expects to continue growing despite the risks brought by the coronavirus pandemic, but sees a three-year government support plan as key to boosting its competitiveness.
The industry has shown a “tremendous resilience,” Rey Untal, head of the Philippine association of outsourcing companies, said in an interview in Manila. “We are cautiously optimistic of sustaining some level of growth for this industry in the near future.”