Collecting the pledges registered through seven investment promotion agencies (IPAs), data from the Philippine Statistics Authority (PSA) showed that investment commitments in the business process outsourcing (BPO) sector totaled 4.9 billion peso in the April-to-June period in 2017, falling from 6.27 billion peso registered in the same months last year. The latest figures of the Information Technology and Business Process Management (IT-BPM) industry showed the continued decline in investment pledges. The PSA earlier reported a 34-per cent decrease in new pledges during the first quarter to 4.18 billion peso from 6.34 billion peso in the same three-month period in 2016. According to PSA data, the expansion rate of these pledges had been on a decline since the third quarter of 2016. In spite of a more than 35-per cent increase in pledges during the second quarter of 2016, commitments still finished the full year with a 22.6-per cent decline to 30.74 billion peso from the previous year that had 39.73 billion peso.

Source: The Nation Bangkok September 22, 2017 18:11 UTC