Marawi fighting unnerves many potential BPO investors
Many potential investors have put the brakes on their plans to invest in the country's outsourcing industry due to the prolonged fighting by Filipino militants and government troops in Marawi City. According to the Information Technology and Business Process Association of the Philippines (IBPAP), the bloody conflict has unnerved many potential investors. IBPAP president Rey Untal said industry leaders have had to assure investors that work would continue with business as usual despite the fighting. He added that there is no outsourcing company in Marawi or in the nearby areas. Approved investment in the IT services sector, which includes the outsourcing industry, dropped 31.1% from a year earlier in Q2, recent government data showed.
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