Apr
1
JPMorgan to transfer more operations to Philippines
April 1, 2013 | 2 Comments
The largest US-based financial holding firm by assets, JPMorgan Chase & Co., will likely transfer more business support functions to its global in-house center (GIC) in Manila, Philippines.
JPMorgan Chase Bank, N.A.–Philippine Global Center has emerged as Manila’s largest GIC of a global corporation. Established in 2005, the center generated almost P10 billion in revenues in 2011, and has a staff of more than 10,000 at The Net Plaza in Taguig City and at The Asiatown IT Park in Cebu City.
Mar
30
5 Start-ups from Cebu reach for Funding
March 30, 2013 | Leave a Comment
IDEASPACE Foundation, Inc., the Philippine-based business incubator, announced the finalists for its national search for the country’s top tech business ideas.
The 20 finalists will vie for 10 slots to receive mentoring, support, services and grants from IdeaSpace partners and potential market runway to scale up their business to millions of households and subscribers.
The Cebu finalists are Lost Meets Found, an online solution for lost and found objects; miCab, a smartphone solution for getting a cab with or without mobile Internet; Nambal.com, an online healthcare system; SafeCab, a system to provide feedback for commuters riding cabs; and Tudlo, a guide system for disasters and emergencies.
Mar
28
Philippine Game and Animation Industry Gets Boost
March 28, 2013 | Leave a Comment
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A partnership between the Information Technology and Business Process Association of the Philippines (IBPAP) and Technical Education and Skills Development Authority (TESDA) with government of South Korea is instituted for training of Filipino animators and game developers to boost the Philippines’ digital outsourcing sectors.
Mar
26
Philippines prized for current economic position.
March 26, 2013 | 1 Comment
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According to Peter Grauer, chief of Bloomberg L.P. one of the world’s biggest and most influential financial news organization, the Philippines was in an “enviable position” compared to other countries that lacked leadership at this time of great economic uncertainty.
Grauer noted that a significant part of Bloomberg’s revenue growth in recent years has been occurring in Asia, as both Europe and North America struggle with their economic difficulties.
And within Asia, he said the Philippines’ rising prominence was particularly promising.
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