Unrest has little effect on Philippine outsourcing market

"The administration of President [Gloria] Macapagal-Arroyo has seen its share of political instability over the last five years. The most significant of these was the Oakwood Mutiny of July 2003. Like most social movements manifesting unrest towards government policy, the Oakwood Mutiny was originally perceived to have long-term drastic effects in the economy. This was eventually proven to be untrue for the local and offshore IT industry in this country as the resilience of Philippine society prevailed in succeeding years. Analysts found renewed growth for the remainder of 2003 and the event being relegated to being a mere nuisance," XMG Inc. told in a statement, as quoted by INQ7.net. The IT research firm also believes the recent pronouncement of state of emergency, View the rest of this article