US PRESIDENT-ELECT Donald J. Trump’s protectionist policies could spell trouble for the Philippines’ business process outsourcing (BPO) sector, economists warned.
GlobalSource Country Analysts Diwa C. Guinigundo and Wilhelmina C. Mañalac said Mr. Trump has repeatedly claimed Americans have lost jobs to other countries and vowed to “punish” American firms that manufacture outside of the United States.
“This policy stance could negatively impact the Philippines’ business process outsourcing (BPO) industry, especially since it has been reported that around 70% of its earnings come from the US,” they said in a commentary.
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