Ninety-three percent of survey respondents said the national and local elections which will be held on May 10 will have an impact on how investors perceive the Philippines as well as its BPO sector. About 49 percent said the effect would be “very significant”. Conducted by TeamAsia, the online survey was commissioned by the Business Processing Association of the Philippines (BPAP) and Outsource2Philippines (O2P).
Survey findings also showed that the BPO sector is worried about the country’s tight labor market, with 34 percent of survey respondents saying that this is their primary concern.
“People issues are still a top concern. In the short term, it is important that the elections take place in a transparent and credible fashion to improve investor perception,” said BPAP CEO Oscar Sañez.