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PIA Press Release
2009/06/08

BSP cites BPO growth, strong OFW remittances prevents recession in RP

Bacolod City (8 June) -- The Bangko Sentral ng Pilipinas denies the country would go into a downturn citing strong OFW remittances, slowdown in inflation, recovering investors' appetite for investments and the continued growth of the BPO sector.

BSP Governor Amando Tetangco Jr. said that these are the reasons why the economy should remain bullish and assured there will be no recession in the country.

BSP in recent reports also sees $6- billion earnings for the BPO sector this year.

In Bacolod City, the industry's growth is manifested with more and more call centers increasing their seats providing for more job opportunities.

Recently, Utah-based Focus Pacific Incorporated held a press conference announcing its expansion and hiring of 165 more call center agents in addition to their existing workforce.

Based on reports in the local dailies here, Focus Pacific President and Utah Senator Dan Liljenquist chose the Philippines as their first site outside of the United States rather than India, as their clients in the US are demanding for services in the Philippines especially Bacolod since the quality of agents is strong.

Focus Pacific executives also lauded the City of Bacolod represented by the Bacolod IT Focus Team headed by Councilor Jocelle Batapa-Sigue, chair of the information and communication committee for their open and expansive view of what Bacolod could be.

Another call center - Teleperformance is also looking for 300 more call center agents. An announcement has been made since last month and is extended until June 30. An attractive salary and sign on bonus plus 20 percent night differential awaits qualified applicants.

Meanwhile, in terms of OFW remittances, BSP projects it will remain at $16.4 billion, the same as last year's. (PIA/EAD) [top]

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