Arroyo: Exports, BPO can recoup losses from oil price hikes

The role of Urdaneta in the BPO Industry is again being reiterated.
We are just curious as to when this will be visible or accessible to Urdanetans.

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By Lira Dalangin-FernandezINQUIRER.net
First Posted 15:35:00 07/07/2008

MANILA, Philippines -- President Gloria Macapagal-Arroyo said Monday that losses from the high prices of imported oil and rice could be recouped from exports and the business process outsourcing industry that continue to expand amid the economic crisis.
"The best response by the Philippines to the rising global commodityprice today is, if on the liability side of the national balance sheet, we sustained a loss from rising prices of commodities that we import, that is oil and rice, then we should endeavor to generate compensating gains on the asset side to the commodities we can export," Arroyo said in her speech at the 8th ASEAN (Association of Science and Technology) Science and Technology Week and this year's National Science and Technology Week.
"This asset side consists of hard commodities such as primary productssupplemented by soft commodities such as outsource business processing under the leadership of our chairman ICT [Information Communication Technology] Ray Chua," she added.
From eight provinces, Arroyo said the cyber corridor has beenconfigured by the Business Process Outsourcing Association of thePhilippines to now include 24 "next wave centers" -- Tuguegarao, Baguio, Dagupan, Urdaneta, Cabanatuan, Clark, San Fernando in Pampanga, Subic, Cainta, Bacoor, Sta. Rosa, Lipa, Batangas City,Camarines Sur, Legaspi, Iloilo, Bacolod, Dumaguete, Cebu, Leyte, Cagayan de Oro, Davao, and General Santos City.
She said the new international broadband links of PLDT in La Union and Globe in Cagayan would be operational in 2009.
"So no tsunami, no earthquake, nothing will interrupt gateway services to the Philippines," Arroyo said.
Arroyo said that the government has allotted P3 billion from 2007 to2010 for research and technology. For this year, the DoST received 51 percent increase in their funds from the national budget.
"We look for science and technology to do many other things, to putfood on the table, to save lives and prevent calamities, to harnessrenewable and indigenous energy, to cure and prevent illnesses and tocreate more high quality jobs. And I know that all the ASEAN has thesame aspirations," she said.

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