Manila, Philippines, 15 November 2022 - Quisumbing Torres has launched a new guide, Primer on Outsourcing in the Philippines 2022, which provides relevant regulatory information, covering issues and considerations related to the BPO sector in the Philippines, including incentive regimes and labor matters.
As the world grappled with the rapid spread of the COVID-19 pandemic, the IT-Business Process Outsourcing (BPO) industry became one of the key industries that helped sustain the Philippine economy. The sector is one of the most dynamic and vital industries in the Philippines, providing jobs to 1.4 million Filipinos and generating USD 24.7 billion in revenues (with 13% global share) as of November 2021. Recognizing the BPO sector as one of the top contributors to the country’s economic growth, the government provides the industry with solid support by way of regulations and incentives that encourage companies to choose the Philippines for their offshore operations.