Nityo Infotech invests $100m in Singapore’s fintech firm MatchMove
US-based Nityo Infotech has invested $100 million in MatchMove making the former the largest shareholder of the Singapore-based fintech firm. MatchMove founder and CEO Shailesh Naik sees this investment as a game-changer for the company which will give it presence in 38 countries.
The Philippines’ BPO industry growing
Despite the economic constraints brought by the pandemic, Philippines’ BPO industry continues to grow steadily. Information Technology and Business Process Association of the Philippines (IBPAP) President Ray Untal shared that the sector grew by 1.8% in terms of head count and 1.4% in terms of revenue. He expects the growth rate for the country’s BPO sector to be from 5% to 6.5% this year.
Singapore’s economy expands more than expected in 2021 Q1
The Ministry of Trade and Industry (MTI) reported that Singapore’s GDP grew 1.3% in Q1 of 2021, much higher than the 0.2% initially predicted in the government’s estimates. The growth was attributed to the manufacturing, finance and insurance, and whole trade industries. MTI maintained its GDP growth prediction for 2021 at 4% to 6%. The year’s forecast will be reviewed again in August when there is […]
Philippines BPO industry secures over 1M doses of COVID-19 vaccines
After tripartite agreements with private companies and the national government, over a million doses of COVID-19 vaccines were procured. This is a result of the negotiations made by Go Nesgosyo with AstraZeneca and the ICTSI Foundation with Moderna. The vaccination of BPO industry workers is expected to begin as early as June.
Disruption in India’s BPO likely to affect FDI
A disruption in India’s BPO industry, which provides critical resources to US health and support workers would have a negative effect on the country’s FDI according to an India-centric US business advocacy group. The group stated that as India moves to adapt towards the “Janata curfew” due to the surge of cases amidst the coronavirus crisis, there would be a need to provide exemption […]
Malaysia’s ICT sector expected to reach $25 billion by 2023
According to GlobalData, ICT spending in Malaysia is expected to reach $25 billion at a compound annual growth rate (CAGR) of 8.9% between 2019 and 2023. Research by GlobalData suggests that ‘mobility’, ‘cloud computing’, ‘storage’, ‘data analytics’, and ‘business process outsourcing’ will be the five leading IT solution areas in terms of growth rate.
Goldman Sachs receives criticism after revealing plan to outsource more than 1,000 jobs to Singapore
Several news outlets in the US have expressed discontent with the banking giant’s recent announcement that they would be outsourcing at least 1,000 jobs in the field of sales and investment banking after the company’s $10 billion bailout 3 years ago.
Credit Suisse seeks to employ over 1,000 IT professionals in India
As part of the Credit Suisse’s vision to establish India as a global hub for IT development and innovation, they are planning to employ developers and engineers who have experience in rising technologies such as Cybersecurity, Machine Learning, and Artificial Intelligence. They aim to utilize the large pool of available talent in India to improve their existing technological infrastructure […]
The Philippines BPO workers now part of A4 priority group
In a meeting with the National Immunization Technical Advisory Group (NITAG), President Advisor for Entrepreneurship Secretary Joey Concepcion clarified that all economic frontliners including BPO workers have been included in the A4 priority group for the COVID vaccination. The first batch of AstraZenaneca vaccines, which is expected to arrive in June will be first given out to the private sector and their employees before […]
China plays information offense and defense
The Chinese government is taking necessary steps to suppress unhealthy online content through its Cyberspace Administration. These include “vulgar and violent content, internet algorithms abuse, online fraud, cyber violence, malignant cyber business operations and news distortion.” Meanwhile, Facebook has been monitoring an increase in organizations offering disinformation-as-a-service. Among these are services appear to align with states, while […]
