U.S. and European investors have expressed keen interest in the Philippines' Business Process Outsourcing (BPO) market for possible expansion of their operations and other business investments.
The positive news came from Trade Secretary Gregory Domingo during an informal interview with local reporters. He mentioned that during his recent visit to the U.S., a number of American and European firms said that they are eyeing the Philippines for their business expansion ventures. Aside from outsourcing firms, some key investors in the services sector have also shown interest in doing business in the country.
Before Sec. Domingo's recent trip to the U.S., Trade Undersecretary Ponciano Manalo, Jr. said, in an interview with Philippine Star, that the Department of Trade and Industry (DTI) has been working to attract several animation and game development companies in the U.S. to expand their operations or get creative talent and services from the Philippines. There is also a focus on gaining more healthcare information management and IT-BPM (Information Technology- Business Process Management) companies that are looking to expand their back office services here.
Several companies in Europe also expressed interest in the Philippine outsourcing and services industry. According to Trade Undersecretary Adrian Cristobal, Jr., a geothermal company in Iceland, in particular, is keen on exploring more ways to successfully strengthen their current presence in the Philippines.