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The continued weak point of the Philippine peso in opposition to the US greenback is favorable to the nation’s info know-how and enterprise course of administration (IT-BPM) sector, elevating optimism additional in an business that’s already projected to develop considerably over the subsequent six years.
IT-BPM Course of Affiliation of the Philippines (IBPAP) president Jack Madrid stated this on Wednesday when requested to touch upon the peso’s continued slide and its results on the just about $30-billion business.
“Sure, the fast impact will favor the Philippines however a lot of that depreciation is the outcome straight of the power of the US greenback, which has additionally affected different currencies in [the Asia-Pacific] …
Carry on studying: Philippine BPO industry getting boost from surging dollar
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