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Retailers capitalise on Philippines outsourcing boom

15 Dec 2009 12:00 AM | Anonymous

The Philippines is set to take advantage of the amount BPO employees spend in shoos, by placing more business process outsourcing offices in molls.

This will be one of the leading trends in the country’s real estate sector next year, according to the Philippine Daily Enquirer.

Commercial property and real estate services adviser CB Richard Ellis’ research director Victor Asuncion said the retail segment of the industry would continue to be strong throughout the coming year, not only because of the new malls that were scheduled to open, but also because of the BPO boom.

“Developers are identifying pockets of growth in various areas in Metro Manila and outside Metro Manila. They’re identifying niches across different areas,” he said.

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