Jun 042013
 
IT, BPM industry poised to hit 1.3M job target by 2016

MANILA, Philippines – The country’s information technology and business process management industry is poised to hit its 1.3 million employment target by 2016 after an annual growth of 21 percent in 2012, the chief of the Information Technology and Business Process Association of the Philippines (IBPAP) said on Tuesday. IBPAP president and chief operating officer Jomari Mercado said the industry is likely to meet its goal after employing 776,794 in 2012, adding 137,066 net jobs from 2011. He added that in terms of export revenues, industry earnings grew by 19 percent to $13.2 billion, well within the level required to keep the industry on track to reach its revenue goal of $25 billion by 2016. “To reach our 2016 targets, we reiterate that it is imperative that we sustain and strengthen the work we are doing with government. We have received impressive support from President Aquino and his teams in the executive branch and we were able to pass key legislation needed by the industry,” Mercado said. IBPAP and its partner associations reported that the healthcare information management posted the biggest increase in employment in the industry with an 80-percent growth in employment or 45,000 jobs in 2012. Revenues from the sector soared to $460 million representing a 66-percent growth, following the game development sector.

Feb 062013
 
Globe's net income falls in 2012

Ernest L. Cu, President and CEO of Globe Telecom Inc. briefs the media of the company’s 4th quarter and full year performance in 2012. TAM NODA MANILA, Philippines — Globe Telecom announced Wednesday the company’s consolidated net income after tax was down 30 percent from P9.8 billion in 2011 to P6.9 billion in 2012.  Globe cited accelerated depreciation charges related to its $700 million network modernization program as the reason for the profit decline. The company’s full year consolidated EBITDA was at P35.0 billion, or down by about P93 million from P35.1 billion in 2011. Globe said incremental revenues were re-invested in additional marketing and subsidy expenses to acquire new postpaid subscribers as well as defend market position through various brand-building initiatives.  Operating expenses also included charges for continued investments in network infrastructure, costs to maintain an expanded 2G, 3G, and broadband networks, and charges incurred as the Company undergoes its network and IT modernization programs.  Ernest L. Cu, President and CEO of Globe Telecom Inc., said  that given the increasingly competitive environment, Globe is hopeful that the gains it has made in terms of brand building and differentiation through customer experience will tide the company through what it describes as “most critical period” completing the network and IT modernization program and undertaking related transition efforts. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “These initiatives will enable us to reinforce our industry position as a formidable challenger and allow us to continue delivering superior value to our stakeholders Read More …