Philippine economy to double earnings with BPO’s help, IHS predicts

Philippine economy to double earnings with BPO’s help, IHS predicts

OABPO Blog Team Published on May 20, 2014

Non-voice-services-in-the-Philippines--Open-Access-BPO

The business process outsourcing industry (BPO) continues to play a significant role in reconstructing the Philippines from economic ruins to a thriving Asian nation. Open Access BPO reports about the upcoming growth of the country, as predicted by a top economist.

The BPO industry along with remittances from overseas Filipino workers (OFW) will help the Philippines produce more than double of its current earnings in the coming decade, according to an economist from industry resource giant IHS.

Non-voice-services-in-the-Philippines--Open-Access-BPO--

IHS Asia-Pacific chief economist Rajiv Biswas predicted that the Philippines can reclaim its former glory by 2030 after decades of economic lag.

Biswas said in an issued statement that the country “has undergone a remarkable transition from a pussycat into a tiger economy over the last decade.” Formerly dubbed as the “Sick Man of Asia,” the forecasted comeback can place the Philippines among the three best performing economies in the Southeast Asian region, the chief added.

Also mentioned in the release is the Philippine economy’s capacity to charge a “robust long-term economic growth of around 4.5% to 5% per year over the 2016 to 2030 time horizon.”
If attained, the economy will jump from this year’s $280-billion level to the $680-billion range by 2024 and have a probable gross domestic product (GDP) of $1.2 trillion by 2030.

The economist further cited international companies that outsource call center and non-voice services in the Philippines as the main drivers of the oncoming growth. Foreign currencies remitted by about 10 million OFWs will also aid the surging BPO sect in crutching the previously ailing country.

Biswas then advised the country to improve business and tourism conditions to attract more manufacturers among other investors, who will help sustain the Philippines’ economic growth.

He pointed out that the nation still ranks low in the World Bank’s ease of doing business ratings. Basing on government figures, Biswas said that one in four Filipinos lives in poverty while employment stability still remains as one of the country’s biggest challenges.
Fixing these, the Philippines can stay in the race towards Asian economic dominance, given the fact that it is among the fastest-growing economies in recent years with a recorded 7.2% GDP growth in 2013.

JOIN US ON FACEBOOK
Open Access BPO
Open Access BPO15 hours ago
#CustomerService metrics indicate the level of service your brand is capable of providing.
They can also reveal just how effective your strategies are, including your
• staffing
• training
• quality assurance, and
• service/people management.

Metrics are more diagnostic than curative: https://buff.ly/3RiolyQ

----------
Make dismal #CustomerService a thing of the past when you outsource your #CustomerSupport needs: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#CallCenterOutsourcing #CallCenters
#CustomerExperience
Open Access BPO
Open Access BPO2 days ago
Customers appreciate brands with #eCommerce websites that have #LiveChatSupport because of its convenience, speed, and humanized interaction.
You need to optimize these 4 features to make your #ChatSupport exceptional: https://buff.ly/3fhVflL

----------
Upgrade #CustomerExperience with our 24/7 multichannel #CustomerSupport solutions: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#CustomerService #eCommerce
Open Access BPO
Open Access BPO6 days ago
#Repost | Team Allied Services and You:
𝗢𝗽𝗲𝗻 𝗔𝗰𝗰𝗲𝘀𝘀 𝗕𝗣𝗢 is once again supporting #RyansRun during the TCS New York City Marathon this November.

Ryan's Run is a nonprofit organization and NYC Marathon Charity Partner. This #sponsorship supports #charity healthcare system Allied Services and their goal to improve the lives of people with disabilities, life-changing injuries, and chronic illnesses.

Photo shows Open Access BPO CEO Ben Davidowitz presenting the multilingual #CallCenter's donation to Allied Services' Jim Brogna and Steve Davidowitz.

----------
Open Access BPO is a multilingual call center with locations in both the Philippines and the United States. The company’s Chief Operating Officer, Ben Davidowitz, grew up in Kingston, PA. His brother, Steve, has been part of the charity campaign since its inception in 2010, and will be running the TCS New York City Marathon once again this year as part of Team Allied Services and You. He will be joined by an Open Access BPO employee.

Thank you @openaccessbpo

#openaccessbpo #teamalliedservicesandyou #pinoyrunner
#tcsnycmarathon #partnership #support #WeSpeakYourLanguage
#NYCMarathon2022
Open Access BPO
Open Access BPO1 week ago
Open Access BPO, in partnership with the Philippine Red Cross, is holding a #BloodDonation drive on September 28.

Employees who haven't signed up as #BloodDonors may do so by filling out this form: https://buff.ly/3dvNyI6

𝗦𝗮𝘃𝗲 𝗮 𝗟𝗶𝗳𝗲 𝗕𝗹𝗼𝗼𝗱 𝗗𝗿𝗶𝘃𝗲 𝟮𝟬𝟮𝟮
September 28 | 10:00 AM - 3:00 PM PST
Open Access BPO Makati, Glorietta 2 site lobby

#WeSpeakYourLanguage
#DonateBlood
Open Access BPO
Open Access BPO1 week ago
#Gamification works to create healthy competition and camaraderie among your #CallCenter agents while ensuring productivity and high quality support for your customers.

But it only works if done right. Here are several tips you can use to gamify your contact center: https://buff.ly/3dvR6Kt

----------
Ensure high quality support for your customers: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
Open Access BPO
Open Access BPO1 week ago
Having a branded #CustomerService strategy sets your business apart from others, helping grow your customers base and enhancing #CustomerExperience.
Here's how you can develop a branded customer service strategy: https://buff.ly/3Smzv6A

----------
Outsource #CustomerDelight without losing your #BrandIdentity: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#CustomerSupport #branding
Open Access BPO