China’s tech titans Alibaba, Tencent dive in Hong Kong on US ban fears
The Trump administration plans to move forward with the November executive order banning Americans from investing in Chinese companies like Alibaba and Tencent. This has already affected both tech titans with Alibaba sinking more than 4% and Tencent 3.3% in morning trade with multiple government departments evaluating the impact of the ban. For Alibaba, this will come as another […]
India’s Firstsource Solutions Acquires US Rival PatientMatters for $13 Million
Firstsource Solutions took over its competitor, Florida-based PatientMatters for $13 million. This expands the Indian outsourcing firm’s access to more potential clients in the US healthcare industry. PatientMatters earns mostly from serving as a back-office for hospitals and clinics. After the deal is finalized, PatientMatters’ InteliPass (a patient engagement software) will be merged into Firstsource platforms. Aside from providing technology solutions to hospitals, PatientMatters also offers training services to […]
Singapore’s InCorp Global Expands to Malaysia with an Acquisition of WeCorporate
Singapore’s leading corporate services provider acquired WeCorporate Global Consultancy Sdn Bhd. The move expands InCorp Global’s presence in Malaysia. WeCorporate launched in 2018 as a pioneer in the industry and has serviced over 1,500 tech start-ups, established businesses, and foreign companies from around the globe. InCorp Malaysia will provide businesses in the country a wide […]
The Philippines and India seeking ways to boost ties in infra development & digital tech
The Philippine Department of Finance announced that the country together with India are exploring means to enhance economic ties in the areas of financial and digital technologies and infrastructure development. The Philippine Finance Secretary Carlos Dominguez III and India Ambassador to the Philippines Shambhu Kumaram recently discussed the interests of both countries in strengthening the cooperation in banking […]
India-based eClerx acquires Austin tech firm Personiv
India-based IT consulting and outsourcing firm eClerx acquires Austin-based business management and services company Personiv. Personiv’s 2000 employees will be retained and continue to operate independently. Most of them work at delivery centers in India and the Philippines. eClerx started its Austin presence in 2017 when it chose the location to be its Americas headquarters for its eClerx Digital division. With this acquisition eClerx will have […]
Thailand and Malaysia among top emerging markets in Southeast Asia
Recently published Bloomberg report studied 17 emerging markets based on 11 economic and financial performance indicators to predict their potential in 2021. The study named top 5 developing markets that could overcome expectations. These are Thailand, Russia, South Korea, Taiwan, and Malaysia in this order. Meanwhile, India (9%), China (8.1%), and Philippines (7.5%) scored highest in terms of expected GDP Growth in 2021. Thailand earned the […]
TresVista hired 300 employees in 2020 in India
Financial services provider TresVista employed almost 300 staff in 2020 for its offices in Mumbai, Pune, and Bangalore. The recruitment was for various departments including Business Development Services, Human Resources and Marketing & Corporate Communications. TresVista will also meet its target of filling close to 100 more positions before the end of 2020. It will implement a hybrid work model […]
TaskUs Rebranding Highlights Growth of Digital Services
Leading global technology-enabled service provider TaskUS, announced a rebrand of the “ridiculously good outsourcing” company. This refreshed branding puts a spotlight on the company’s expansion in digital transformation services beyond Customer Experience including AI Operations and Content Security. Another part of the TaskUs’ digital transformation is to expand its current work from home framework, Cirrus which was […]
Delonix will open Cebu City Philippines BPO Office
Delonix announced the opening of its third BPO office in Cebu City, Philippines. The new space can accommodate 120 additional employees. The company first opened its outsourcing office in July 2012, beginning with just eight staff and has since grown to a team of approximately 600 at the start of 2020. Delonix has 250 active project and caters to […]
5th US-Nepal Trade and Investment Framework Agreement Council Meeting held virtually
The 5th meeting of the United States-Nepal Council on Trade and Investment held virtually on December 15, 2020 focused on promoting expanded bilateral trade and investment between the two nations in both goods and services. The discussion among the representatives tackled bilateral trade and investment-related issues under the United States-Nepal Trade and Investment Framework Agreement (TIFA), including customs & trade facilitation, intellectual property, digital trade & e-commerce, labor, financial services, investment […]
