NEW INVESTMENT pledges in the Philippines’ IT-BPM industry registered through various promotion agencies fell 34 per cent in the second quarter from a year ago, continuing the decline in one of the country’s top dollar earners that the trade chief had partly attributed to the uncertainty in US policy.

MANILA - The removal of tax perks even to those hired for managerial and technical jobs in business process outsourcing firms may compel the companies to look for other locations outside the Philippines.