BPO Industry News: Confusion Over TRAIN Tax Perk, Economy Growth Amid BPO Slowdown, And The Effect Of Trump’s Protectionist Policies In PH BPO Expansion
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BPO INDUSTRY NEWS: Assessment Of TRAIN Impact On PH BPO, Effect Of Trump Protectionism, And Bacolod As Hotspot For Flexible Workspace

BPO industry news
Senate to investigate tax reform impact on BPO sector

Senate Committee on Science and Technology chair Senator Paolo Benigno “Bam” Aquino IV set a second hearing regarding the threat of the new Philippine tax reform law to the business process outsourcing (BPO) sector.

According to Aquino, Malacañang’s veto on the provision of the Tax Reform Acceleration and Inclusion (TRAIN) Law raised the cost of doing business in the country.

“After receiving reports that the BPO sector may need to reduce their workforce or set aside expansion plans in the country,” Aquino said, adding that it may affect the status of about 5,000 workers.

During the train’s period of amendments, Aquino had pushed for the retention of a special tax rate for regional operating headquarters and regional headquarters (ROHQs/RHQs).

“The BPO sector is a major source of livelihood for Filipino families. We cannot afford to give away job security and job opportunities, especially with the rising prices of goods,” he said. — via Rappler.com and Manila Standard

 

PH most susceptible to Trump protectionism

As US President Donald Trump continues to push through his protectionism stint, the Philippines will end up as the most affected, according to a London-based research consultancy report.

“Philippines would be the biggest loser if Trump followed through on his previous threats to push American companies that outsource job abroad,” the Capital Economics report stated.

Meanwhile, Socioeconomic Planning Secretary Ernesto Pernia said in January that the BPO industry — which is under  is the major contributing factor to a fourth quarter decline in services export.

Aside from the Philippines, Vietnam, Taiwan, and South Korea are also vulnerable to Trump’s trade tirade. — via Manila Times

 

Bacolod listed as PH hotspot for flexible workspace

A global real property services named Bacolod City as one of the country’s hotspots for flexible workspace.

Colliers International Philippines research manager Joey Roi Bondoc said business process outsourcing (BPOs) and knowledge process outsourcing (KPOs) firms planning to enter Bacolod City may start with flexible workspace first before expanding to bigger office buildings.

He also added that the local information and communication technology (ICT) council and local government are supportive in fostering an environment that encourages innovation and support start-ups.

“This should propel demand for flexible workspace in Bacolod City moving forward,” Bondoc noted. — via SunStar Bacolod

 

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