Philippines Outsourcing Revenues to Overtake Foreign Remittances
SourceFit
MAY 26, 2015
Revenues from Philippines Outsourcing, the country’s offshore outsourcing sector, are expected to outpace remittances from Filipinos working abroad in a few years, according to the central bank of the Philippines or Bangko Sentral ng Pilipinas (BSP). The BSP said the booming business process outsourcing (BPO) industry is soon going to be the main source of dollar income for the country, replacing cash transfers. .
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