Service exports likely slowed in 2018; failing expectations seen

      MANILA, Philippines--The country's service exports likely performed below expectation last year because of factors affecting the BPO sector, a slowdown that might make the government rethink its forecast for 2019. The Philippine Development Plan (PDP) targeted at least an 11 percent growth in service exports last year, aiming to hit a minimum of $38.3 billion. However, this sector might only end in a single digit growth for 2018, according to Senen Perlada, Department of Trade and Industry's (DTI) Export Marketing Bureau Director. Below expectations From January to September last year, services exports only grew 6.5 percent, according to the ...

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