Economist sees sustained rise in Philippine BOP
The Bangko Sentral ng Pilipinas (BSP) reported that the balance of payment (BOP) surplus by end of September 2020 amounted to $2.1 billion. This is higher than the previous month’s $657 million and the previous year’s $38 million. Chief Economist Michael Ricafort of RCBC forecasted a sustained rise in the Philippine BOP. In his report, he traced the BOP increase to be […]
Italy’s UniCredit sign business cooperation deal with China’s ICBC
UniCredit and Industry & Commercial Bank of China (ICBC) signed an agreement expand business cooperation and services for clients. UniCredit, the second biggest bank in Italy began operating in Asia in 1977 when it opened a branch in Tokyo. Currently, it has branches in China, Hong Kong, Singapore, and Japan. It primarily services European clients with operations in […]
Nepal ICT Award 2020 announces top 5 finalists in 4 categories
Nepal ICT Award 2020 named the top 5 nominees per each of the 4 categories: Startup, Product, Innovation-Driven Crisis Response, and Rising Student. A 14-member jury conducted the selection. The finalists will now participate in public voting which opened last October 21, 2020 and done through SMS, email, and payment partner eSewa. Now on its 5th edition, the ICT Award received more than 350 online applications for various categories according to the organizers. The […]
Singapore’s Mediacorp Appoints Srijan Technologies As A Software Development Partner
Singapore based subsidiary of Asia’s largest Drupal company, Srijan Technologies Pte., was named the software development partner of Singapore’s national media network Mediacorp. Srijan will work on upgrading the latter’s customer experience portals (website and mobile apps) into a modern digital platform. Srijan will execute the 3-year project with brand experience agency VMLY&R as the design partner. The project scope includes UI/UX design, solutions […]
Survey shows 27% of BPOs may permanently switch to remote work setup
According to a survey conducted by on-demand cloud communications firm Ozonetel, 27% of Business Process Outsourcing (BPO) companies will permanently shift to work-from-home models post-pandemic. 55% of call center are allowing their employees to opt for work from home solutions, while 16% are still requiring work from home and not opening offices. The survey also found that an […]
Taiwan Excellence showcases advancements in AI Solutions and Cyber Security products
International promotional campaign “Taiwan Excellence” once again showcased the country’s advance solutions in Artificial Intelligence (AI) and Cyber Security through a recent live stream press conference. Several Taiwanese ICT companies, including three winners of the Taiwan Excellence Awards presented during the virtual conference. They each unveiled and demonstrated their latest products and share trends in […]
No deferment, exemption, postponement of 13th month pay, says Philippine DOLE
The Philippine Department of Labor and Employment (DOLE) said all employers must still comply to giving their employees 13th month pay not later than December 24 of this year. The clarification came after the labor secretary received criticism from labor and other groups for saying that the department would review which companies will be given […]
Hyundai starts construction of electric vehicle hub in Singapore
South Korea’s Hyundai Motor Co began construction of its research and development center in Singapore. It will house a facility for small-scale production of electric vehicles. The target production is up to 30,000 electric vehicles (EVs) per year by 2025 and constitutes a $295 million investment. The facility’s schedule of completion is by end of 2022. […]
India sees 24% increase in September hiring activity
Recent report by job portal Naukri showed a 24% increase in India’s hiring activity in September compared to the previous month. The identified industries that have driven the growth include pharmaceutical, fast-moving consumer goods, education, and IT. Business process outsourcing (BPO), IT-enabled Services (ITeS), and banking and financial services are some key industries that continue […]
Apple, Samsung Gets Approval From India For $143 Billion Smartphone Manufacturing Plan
India approved $6.65 billion in government incentives under India’s federal plan to 16 companies including Apple and Samsung to locally produce smartphones and other electronics components worth more than $143 billion over the next five years. According to the Indian Ministry of Electronics and Information Technology (MeitY), New Delhi’s move is aimed at significantly improving India’s manufacturing and exporting capacities and generating more local […]
