Tag: firms
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BPO, traditional firms likely to lift office market after POGO exit
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INFORMATION TECHNOLOGY and business process management companies as well as traditional offices are expected to pick up the slack as Philippine offshore gaming operators (POGOs) are set to vacate offices around the country, real estate consultants said.
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Firms urged to boost IT contingency plans after global tech outage
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THE GLOBAL tech outage caused by a botched software update by a cybersecurity firm CrowdStrike Holdings, Inc. has highlighted the need for companies to enhance and strengthen their information technology (IT) contingency plans, analysts said.
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5 energy firms eye Laguna hydropower complex — PSALM
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STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) said the 796.64-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) complex in Laguna has attracted five potential bidders. Marubeni Corp., Semirara Mining and Power Corp., Thunder Consortium, First Gen Prime Energy Corp., and Giga Ace 11, Inc. participated in the pre-proposal…
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Energy firms to see moderate Q2 growth — analysts
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ENERGY COMPANIES are expected to see moderate growth in the second quarter, driven by the increase in domestic demand and investments in renewable energy, according to analysts. The economic recovery is seen to “stimulate industrial and commercial energy consumption, further supporting revenue growth,” Regina Capital Development Corp. Head of Sales…
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SM Mega Tower: A premier headquarters for multinational firms
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The Philippines has become an important hub for multinational companies because of its favorable business environment, which offers cultural affinity, cost efficiency, skilled talents, and a well-established infrastructure. The rise of modern buildings and towers also meets the needs of these companies, providing high-speed internet, a redundant power supply that…
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3 German firms considering PHL expansions, PEZA says
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THE Philippine Economic Zone Authority (PEZA) said three German companies in the automotive, semiconductor, and pharmaceutical industries are planning to expand their Philippine operations. In a statement Sunday, the investment promotion agency (IPA) said it found out about the expansion plans after business-to-business meetings on a visit to Germany this…
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Philippine firms tackle wage hike conundrum
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ALEXANDER V. SUYAT, 36, trained to become a security guard in 2016 after years of working as a janitor, thinks he could earn more to support his wife and two kids.