June, 2013

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US company investing P2b to expand BPO operations in PH

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American company Emerson is investing P2 billion to augment its BPO (business process outsourcing operations in Metro Manila, the Philippines over the next few years. . George Mulligan, Emerson Manila Shared Services general manager, said in a news briefing held recently that Emerson, one of the biggest companies in the United States, “is making a significant investment”?

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PH Bags Landmark Fitch Credit Rating Upgrade

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The Philippines received a credit rating upgrade to investment grade from global rating agency Fitch Ratings; a first in the country’s history. An investment grade rating from global debt watcher Finch Ratings is a vote of confidence for global investors to pour in capital in the country. . In a statement posted on the Fitch Ratings official site, the rating agency said that the “Philippine economy has been resilient, expanding 6.6% in 2012 amid a weak global economic backdrop.”