Tuesday, January 8, 2013
AN economics expert fears that some Business Process outsourcing (BPOs) may close shop if the Philippine currency continues to appreciate.
In ANC's Business Nightly aired Monday, Victor Abola, Program Director of the Strategic Business Economics Program of the University of Asia and the Pacific said that if the peso-to-dollar exchange goes down to 39, BPOs may transfer to other countries.
Abola said that while the Philippine peso appreciated since 2010 by 10 percent, India's currency depreciated by more than 20 percent giving BPO companies a choice to transfer their operations where they have cost advantage.
Abola said that the Business Process Outsourcing companies have aired that they will close shop if the Philippine peso continues to appreciate.
However, the Business Process Outsourcing Association of the Philippines (BPAP) said that it can't comment on Abola's statement just yet.
As of Monday, the peso-dollar exchange is at P40.8560 and the Philippine Stock Exchange breached the 6,000 mark for the first time in history making a record high for the fourth straight session. (Sunnex with wire reports)
source: sunstar
Expert: BPOs may close if peso-dollar hits exchange 39 | Sun.Star
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01-08-2013, 03:29 PM #1Junior Member
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BPOs may close if peso-dollar hits 39
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01-08-2013, 04:06 PM #2C.I.A.
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and they'll go to China?
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01-08-2013, 04:59 PM #3C.I.A.
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In the first place BPO's didn't came here because the Philippines is cheaper than India (even up to now I think they are way cheaper), they came here because of the better skills the Filipinos possess.
I still don't know what these "experts" are up to.
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01-08-2013, 05:03 PM #4C.I.A.
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we don't know...they know better...and they manipulate...
Originally Posted by jeremiahjay
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01-08-2013, 05:05 PM #5C.I.A.
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Don't hit the jackpot sir.. Originally Posted by kit_cebu
Spoiler!
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01-08-2013, 05:07 PM #6Junior Member
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O_O P40.8560 nalang ang exchange rate sa peso?!! mygawd ang mga pamaliton hasta ang gas sigeg saka! ang plite wa ni-us-os!!!!
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01-08-2013, 05:10 PM #7C.I.A.
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asa man ta malipay ani oi..
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01-08-2013, 05:55 PM #8C.I.A.
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transfer my call to china for pete's sake
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01-08-2013, 06:13 PM #9Elite Member
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P40.8560..hmmm..
daghan OFW ang di malipai ani..
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01-08-2013, 06:18 PM #10
wa man mafeel mostly sa ordinary pinoys ning pag appreciate sa peso kay ang palaliton sige man lang saka ..
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