Cristino L. Panlilio, Department of Trade and Industry’s Undersecretary for International Trade and Investments Promotion, said 11 business process outsourcing (BPO) firms are expanding operations in the Philippines, which could yield jobs for at least 20,000 Filipinos in the coming years. In fact, six of these companies are already operating in the country, while the rest are new ones.
Furthermore, new operations by international companies such as United Health, Wells Fargo, Bayer, AG of Germany, Dupont and Lattice were seen to have provided as much as 1,600 jobs this year alone, said Panlilio. The ones that are currently expanding are Sutherland, Accenture, Teleperformance, SPI, Infosys, and IBM.
Meanwhile, Panlilio said apart from the surging BPO investments, other business opportunities such as trade and investment missions from Qatar, Kuwait, Malaysia, and e-vehicle operations from Taiwan, Korea, and Japan will be coming to the country. Panlilio added that there are also opportunities in the halal market which is why the Department of Trade and Industry is set to tap the large halal market in Malaysia.