In January last year, Canon announced that it was investing six billion yen to put up a plant at the First Philippine Industrial Park in Batangas. The facility, which will start operating in April 2013, will manufacture laser printers, accessories, and parts of Canon cameras and other products.
FRIENDLY RIVALS. Jose Mari Mercado of the Business Processing Association of the Philippines (right) and Ameet Nivsarkar of Nasscom seal the deal in the presence of Vice President Jejomar Binay at The Oberoi, Zakir Hussain Marg in New Delhi, India.
Bitter rivals Globe Telecom and Smart Communications again issued separate press statements over the weekend, each claiming the first LTE handset offering in the country.
NTT Communications Corporations announced on Thursday, May 24, that it has bought a 50.1% stake in Freedom Resources Holdings Corporation, the holding company of the DTSI Group.
At least 30 business process outsourcing (BPO) companies in the Philippines are generating between P1 billion to P17 billion in annual revenues, according to Pasig City Rep. Roman Romulo.
Bank of America Corp. (BA), the second-largest US-based financial holding company with global assets of $2.13 trillion, has directly outsourced its business support activities to the Philippines via a newly formed non-bank subsidiary.
