As of early 2012, a report released by Asian Development Bank has said that the most effective ways to eliminate poverty is focusing on and setting up industry and manufacturing plants, as supplements to the Business Process Outsourcing because the BPO industry alone, has not been able to create sufficient jobs for the Filipino populace.
Washington D.C., United States: the World Bank has spoken well about the call center industry of the Philippines and announced the benefits that it is to bring to the economy of the country. This has taken the world's attention towards the Philippines and wooed the major players in this industry all around the globe.
Société Générale Bank has planned to outsource 400 jobs to third parties with the aim of cutting costs. Following Société Générale; the Union Bank of Switzerland (UBS) and Royal Bank of Scotland (RBS) have planned to follow the same strategy and are looking to outsource.
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