America's financial meltdown could be the Philippines' boom time, particularly for the business process outsourcing industry (BPO). As the world's central banks and financial institutions are still assessing the impact of what analysts have called as the "ËœMonday Meltdown' when big US investment banks Lehman Brothers filed for bankruptcy and Merrill Lynch was taken over by Bank of America, the Philippine BPO sector is looking at opportunities to offer cost-effective solutions to foreign firms.
-- Computerworld Philippines