BPO firms downplay protectionist threat

The outlook was stressed by officials who spoke at the start of the two-day 9th e-Services Global Sourcing Conference and Exhibition at the SMX Convention Center in Pasay City.

“To the fiscally strong, this is a time of opportunity and the Philippines is an island of stability,” President Gloria Macapagal-Arroyo said.

Oscar Sañez, president of the Business Processing Association of the Philippines (BPAP), said he expects revenues to grow by 30-40% this year. About 110,000 new jobs will also be generated, a 30% increase from 2008.

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Business Process Outsourcing

Global Steel pushes tariff hike

But galvanizers who use flat steel as raw material for galvanized iron (GI) sheets and other finished goods opposed the move, saying they preferred to import rather than rely on Global Steel’s supply.

Global Steel is asking for the tariff on hot- and cold-rolled coils (CRC) to be raised to 15% from the current 7%, GSPI Vice-President for corporate communications Sangram Mohanty said in an interview yesterday.

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Crisis cuts jobs worldwide

PARIS — The global financial crisis has sent a wave of rising unemployment across the world as vulnerable workers suffer from the downturn in economies interlinked by globalization, experts say.

The US-born credit crisis that worsened in September has also seen a harsh economic slowdown, with several of the richest countries ” including the United States, Germany, Japan and now Britain ” sinking into recession.

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UN chief tells world: we need a Green New Deal

POZNAN, Poland – The world must avoid backsliding in fighting global warming and work out a “Green New Deal” to fix its twin climate and economic crises, U.N. Secretary-General Ban Ki-moon said on Thursday.

“We must re-commit ourselves to the urgency of our cause,” Ban told about 100 environment ministers at December 1-12 U.N. talks in Poland which are working on a new climate treaty but have been overshadowed by worries about recession.

“Yes, the economic crisis is serious,” he said. “Yet when it comes to climate change, the stakes are far higher. The climate crisis affects our potential prosperity and peoples’ lives, both now and far into the future.”

“There can be no backsliding on our commitments,” he said of efforts to shift from fossil fuels toward renewable energies.

Ban urged leadership on the climate from U.S. President-elect Barack Obama and from the European Union. An EU summit ending Friday will try to break the bloc’s deadlock on a plan to cut greenhouse gas emissions by a fifth by 2020, compared to 1990 levels.

He appealed for a modern, global environmental equivalent of U.S. President Franklin Roosevelt’s 1930s “New Deal,” which lifted the United States out of the Great Depression….

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