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Aquino Admin Hopeful about BPO Investments in Mindanao

by: Sarah Joson

Monday, October 15, 2012 | Outsourcing News |

Rural Mindanao Prepped for BPO Operations

During his speech at the 4th International Outsourcing Summit in Makati City, President Benigno Aquino III is hopeful that the framework agreement between the Moro Islamic Liberation Front (MILF) and the Aquino administration will help boost business process outsourcing (BPO) investments in Mindanao. In this agreement, it is stated that the Autonomous Region for Muslim Mindanao (ARMM) will be replaced by a new political entity which will be called “Bangsamoro”.

President Aquino added that they are striving to develop rural areas in the Philippines for future investors and projects. They are hopeful that someday, IT-BPO firms will operate in the Bangsamoro region. Furthermore, he said jobs produced by BPO firms in provinces, including the New Wave Cities, will provide a positive effect to the entire nation.

The outsourcing industry is considered as a main revenue generator of the Philippine economy. It is expected to post $25 billion in revenues by 2016.


Source:
http://www.asianjournal.com/

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