BPO Investments to Fuel Philippines Job Growth

An estimated six American corporations are set to invest approximately $100 million in the Pinoy BPO sector. The cash infusion is expected to create 10,000 jobs. The names of the companies are still unknown, but according to Board of Investments managing head Cristino L. Panlilio said, they are new to the Philippines.

The Philippines and UK Expanding Ties

The United Kingdom and the Philippines appear to be furthering their relationship. Peter Wilson, the director of UK Foreign and Commonwealth Office-Asia Pacific Directorate, recently visited Manila to discuss enhancing economic ties. He noted that he considers the Philippines to be an important ally, and an emerging power. During his trip, representatives from both the Philippines and UK discussed opening up markets, and increasing the economic cooperation between the two nations.

"We've just been involved in high-level talks; important consultation meetings", said Wilson.

"We're the largest European investor in Philippines. Our trade is increasing very rapidly; interest of investment on both countries is very strong," Wilson continued.

While much of the talks centered around commodities such as oil, they discussed a number of topics including political, economic, OFW, and consular matters.