Conduent, a global leader in business process services, has opened its first-ever facility in Southern Luzon, marking a strategic expansion beyond Metro Manila as it sets its sights on high-value job creation in the region.
Leechiu Property Consultants (LPC) said the office sector is showing resilience in 2025, with strong demand from the IT-BPM sector offsetting the continued exit of Philippine Offshore Gaming Operators (POGOs) and pushing net take-up projections 16 percent higher year-on-year.
In its latest balance of payments outlook, the central bank projects that business process outsourcing export revenues will grow at a reduced pace of 5 percent annually in 2025 and 2026, down from 6 percent in 2024 and 7.7 percent in 2023.
The BPO sector, a cornerstone of the Philippines’ export revenue, is expected to grow at a slower rate in 2024 and 2025 “consistent with latest trend driven in part by domestic constraints in AI adoption.”
He witnessed an era when advancements in technology and communications propelled the Philippines to become the world’s No. 2 business process outsourcing (BPO) destination, creating millions of jobs and forming a critical pillar of the economy.