{"id":88538,"date":"2017-02-08T20:21:10","date_gmt":"2017-02-09T01:21:10","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=88538"},"modified":"2017-02-08T20:21:10","modified_gmt":"2017-02-09T01:21:10","slug":"tightening-of-us-labor-outsourcing-rule-risky-for-phl-india-moodys","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/02\/08\/tightening-of-us-labor-outsourcing-rule-risky-for-phl-india-moodys\/","title":{"rendered":"Tightening of US labor outsourcing rule risky for PHL, India &#8211; Moody\u2019s"},"content":{"rendered":"<p><figure id=\"attachment_88541\" aria-describedby=\"caption-attachment-88541\" style=\"width: 583px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/Teletech_call_cent_BACOLOD.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88541\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/Teletech_call_cent_BACOLOD.jpg\" alt=\"Credit rater Moody\u2019s Investors Service said business process outsourcing (BPO) sectors of the Philippines and India will be greatly disadvantaged if the US tightens rules on outsourcing. (Photo by TitanOne at English Wikipedia [CC BY-SA 3.0 (http:\/\/creativecommons.org\/licenses\/by-sa\/3.0) or GFDL)\" width=\"583\" height=\"367\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/Teletech_call_cent_BACOLOD.jpg 583w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/02\/Teletech_call_cent_BACOLOD-300x189.jpg 300w\" sizes=\"auto, (max-width: 583px) 100vw, 583px\" \/><\/a><figcaption id=\"caption-attachment-88541\" class=\"wp-caption-text\">Credit rater Moody\u2019s Investors Service said business process outsourcing (BPO) sectors of the Philippines and India will be greatly disadvantaged if the US tightens rules on outsourcing. (Photo by <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File%3ATeletech_call_cent_BACOLOD.jpg\">TitanOne at English Wikipedia [CC BY-SA 3.0<\/a>)<\/figcaption><\/figure>MANILA\u2014Credit rater Moody\u2019s Investors Service said business process outsourcing (BPO) sectors of the Philippines and India will be greatly disadvantaged if the US tightens rules on outsourcing.<\/p>\n<p>This, as US president Donald Trump vowed to bring back jobs in the US to further lift growth of the world\u2019s largest economy.<\/p>\n<p>Moody\u2019s in its report: Asia Credit &#8211; 2017 Outlook Challenging Global Environment to Test Asia\u2019s Robust Credit Fundamentals\u201d issued Feb. 8 , 2017 said Trump\u2019s trade policies was a turnaround from that of former US president Barack Obama\u2019s moves.<\/p>\n<p>It said the new policies \u201ccould pose downside risks to the US&#8217; major trade and investment partners.\u201d<\/p>\n<p>\u201cSuch a policy shift, if implemented, could pose greater risks to high-value manufacturing exporters in the region, particularly Korea , Malaysia and Taiwan,\u201d it said.<\/p>\n<p>\u201cIndia and the Philippines would be the most vulnerable if the US were to tighten rules on service Outsourcing,\u201d it added.<\/p>\n<p>The BPO industry is now among the solid fuel of Philippines\u2019 domestic growth and is seen to surpass the contribution of remittances of Filipino workers overseas on gross domestic product (GDP), which is currently around 10 percent.<\/p>\n<p>In 2015, the Information Technology and Business Process Management (IT-BPM) generated some 1.2 million direct jobs and registered revenues amounting to about USD22 billion.<\/p>\n<p>On the other hand, remittances grew by four percent in 2015,the target growth of the central bank, with total cash remittances amounting to USD 25.61 billion.<\/p>\n<p>As of end-November 2016, cash remittances reached USD 24.34 billion, 5.2 percent up year-on-year.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Credit rater Moody\u2019s Investors Service said business process outsourcing (BPO) sectors of the Philippines and India will be greatly disadvantaged &hellip;<\/p>\n","protected":false},"author":33,"featured_media":88541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[14882,9869],"class_list":["post-88538","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business-process-outsourcing","tag-donald-trump","mauthors-joann-santiago","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/88538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=88538"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/88538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/88541"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=88538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=88538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=88538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}