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> Real estate prices around Manila have soared 40% since offshore gambling took off in 2016. Yes, but it's not all because of Chinese offshore gambling. In pa
by 9nGQluzmnq3M 7y ago
> Real estate prices around Manila have soared 40% since offshore gambling took off in 2016.
Yes, but it's not all because of Chinese offshore gambling. In particular, there are 1.2 million people working in BPO, almost all in Manila, and the industry continues to grow at 20%/year.
https://en.wikipedia.org/wiki/Business_process_outsourcing_in_the_Philippines#Growth_and_impact https://en.wikipedia.org/wiki/Business_process_outsourcing_i...
- cylinder 7y agoI think people are just waking up to how good Philippines BPO can get. I regularly deal with several people there and have only started to realise they are in the Philippines
- culturestate 7y agoThe advertising industry has had big offshore technical teams in the Philippines for years, and call center business has been shifting there as well. Overheads are low, the educated population speaks English at a high level, and it's (in my experience) an easier place to do business than India.
- dogma1138 7y agoThe Philippines have become an outsourcing target indeed I wonder why it didn’t happen sooner as they all speak English and pretty well at that as it’s an official language due to nature of being an archipelago with like a 1000 languages and dialects and their historic ties to the US. The large islands are also very well developed even compared to places like India for example not to mention their local region.