Sat.May 12, 2012 - Fri.May 18, 2012

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IBM Further Tapping Filipino Tech Expertise

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Information technology company IBM is set to expand its business in the Philippines and establish several research and development (R & D) centers in several locations in the country. This will be done through a partnership with the Department of Science and Technology (DOST). DOST Secretary Mario Montejo said in an interview with the Manila Bulletin that the move is a clear signal that technology companies such as IBM really look at the Philippines as a place to go for R & D activities.

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PH Emerging as Top Investment Destination for Multinational Companies

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The Philippines is becoming a favored investment destination for large multinational companies that hope to expand and diversify their manufacturing operations worldwide, according to an official of investment banking giant BofA Merrill Lynch. He cited rising factory costs in China as one of the reasons behind the trend. BofA Merrill Lynch’s New York-based executive vice chairman for international corporate and investment banking James Quigley, said in a press briefing that currently there