Archive for May, 2011

Team #01Synergy off to Costa Rica to participate in Costa Rica Technology Insight

May 31st, 2011

(http://www.crtechnologyinsight.com/content/) , is one of the most exclusive digital technology (DT) summit in Latin America, combining both, business meetings & conference activities and can act as a platform for the establishment of new businesses in the digital technologies industry, in Latin America. We at 01Synergy are glad to be part of the delegation of ten Indian IT companies representing India at Costa Rica Technology Insight.

With more than 200 participants from different countries and regions such as Panamá, Central America, Dominican Republic, Trinidad & Tobago, Chile, Mexico, United States, Canada, Europe and India, the 01 Synergy team will get a chance to meet with Costa Rican counterparts under a great business atmosphere and get a chance to forge partnerships.

The focus of the event will be in three main areas; networking, business meetings and conferences, promoting this way, the establishment of new business opportunities, for both national and international participants, 01Synergy hopes to find business partners in Central America.

01 Synergy has also been invited for Reception with the Indian Ambassador in Colombia H.E. Mr Warjri for the Indian Delegation.

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Overcautious gov’t hampering economic growth: Arroyo

May 31st, 2011

The Aquino government’s anti-corruption drive is partly the reason why government spending is falling, according to former National Economic Development Authority policy and planning director Dennis Arroyo.

Arroyo said the government is spending too much time going over contracts before releasing funds, and this is slowing economic growth. The local economy grew a a lower-than-expected 4.9% in the first quarter of the year due to a drop in global trade and less spending on infrastructure.

“They are being too careful. You have this anti-corruption goal, which is good. However, I think they are overdoing it,” he said in an interview on ANC’s “Business Nightly.”

He added: “We must correct ourselves and spend more and spend faster to create more jobs. It’s more of speeding up the process and being more confident that these are the correct contracts.”

One bright spot for the Philippine economy is manufacturing, which grew by 8.6%.

Arroyo said the recent earthquake and tsunami that hit Fukushima, Japan could be a boon for Philippine food growers.

“It’s an unusual niche market racked by food radiation contamination fears. Japan imports 59% of their food needs so it’s an an opportunity for food manufacturers to import more canned goods or other things,” he said.

He said the reconstruction of Japan will have a trickle down effect on the Philippine and other Asian economies in the remaining 2 quarters of 2011.

Arroyo said deployment of overseas Filipino workers dropped to 300,000 in the first quarter of 2011 from 350,000 in the first quarter of 2010 due to a series of political upheavals in the Middle East and North Africa and the massive earthquake and tsunami in Japan.

“The trauma of these worldwide disasters is telling our OFWs that the world is becoming a more dangerous place. The families are saying, ‘Come back for the meantime,’” he said.

He also noted that the rise in the business process outsourcing (BPO) industry is encouraging more Filipinos to stay in the country.

Arroyo said demand for health workers including doctors, nurses and caregivers will continue due to aging populations in Europe, Japan and the Americas.

Source:http://www.abs-cbnnews.com/business/05/31/11/overcautious-govt-hampering-economic-growth-arroyo

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Bangalore to lose IT capital tag?

May 31st, 2011

Bangalore, that boasted its tag of the country’s IT capital, may now lose it, according to a survey.

A survey undertaken by Associated Chambers of Commerce and Industry of India (Assocham), warning of this imminent threat, says the status would soon belong to the National Capital Region (NCR) of Noida and Gurgaon as more companies have expressed their interest in setting up shop there. This would include IT, IT-enabled services (ITes), business process outsourcing (BPO), knowledge process outsourcing (KPO) and other areas of operations.

According to the report, the agency cited that “crumbling infrastructure” is one of the main causes for this trend. It has also said that companies are moving towards more “convenient and industrial-friendly centres”.

Justifying their findings, Assocham secretary general D S Rawat said, “The growth explosion in Bangalore has pushed the city towards serious civic issues.” He further attributed the problems to power shortages, inadequate and unreliable water supply, heavy traffic, roads and also poor sanitation facilities. Identifying these issues as the main problems, he further states that Gurgaon and Noida have, on the contrary, been growing rapidly against and increasing their odds.

The forum stated that they interacted with around 800 CEOs, CFOs and managing directors of both Indian and multinational companies. The forum stated that the survey was conducted in five cities where they saw the best advantage to operate from. Assocham claims that nearly 30 per cent evinced interest in moving to Gurgaon, while another 25 per cent were willing to move to Noida. About 20 per cent wished to shift to Chandigarh, 15 per cent to Pune and 10 per cent to Hyderabad, their report stated.

“Gurgaon’s cosmopolitan culture, modern infrastructure, availability of skilled workforce and closeness to Delhi, along with industryfriendly government policies are the factors which give it an edge over Bangalore city,” Rawat said.

Source:http://expressbuzz.com/cities/bangalore/bangalore-set-to-lose-it-capital-tag/279529.html

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BPO, tourism to fuel development in Central Visayas

May 31st, 2011

Business process outsourcing (BPO) and tourism will continue to fuel the development of the Central Visayas region, an official of the National Economic Development Authority (NEDA) here said.

NEDA-7 Assistant Regional Director Ernesto B. Carreon, during the recent public consultation for wage increase, said the region has started to recover from the effects of the 2008 global economic meltdown.

According to Carreon, the BPO sector saw a 400 percent growth increase in 2010 while tourism experienced an upturn with 11 percent increase in foreign tourist arrival in the same period

Carreon attributed the region’s booming tourism industry to the Open Skies Policy adopted lately by the Philippine government.

As proof, he claimed, aviation industry in Central Visayas posted a two percent growth and the number of international passengers picked up.

The biggest growth based on forecast will still be in the BPO industry where the region, now considered as the country’s IT hub, is expected to reach 25 to 50 percent growth in the remaining part of this year, Carreon said.

This, he said, will help ease the unemployment rate in the region whose labor market remains unstable up to this point.

Carreon, likewise, said food industry is also expected to play an important role in the economy of Central Visayas following the nuclear disaster in Fukushima, Japan where agricultural products were contaminated with radio-active materials.

He added that the present crisis in the Middle East and North Africa will only have a minimal effect to the region’s economy.

Source:http://www.pia.gov.ph/?m=1&t=1&id=35365

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6 US companies investing $100M in BPO, generating 10,000 jobs

May 31st, 2011

Six American firms with combined estimated investments of $100 million are outsourcing their non-voice services to the Philippines and are expected to create 10,000 jobs, Board of Investments managing head Cristino L. Panlilio said.

Panlilio, who has just arrived from an investment mission abroad, refused to identify these firms but said these are new players in the market.

Earlier, the BoI also reported that leading American insurance firm AETNA will tap Filipino nurses without jobs to provide clinical support for its insurance claims and to provide service to home care patients in the US .

Board of Investments executive director Fe Reyes-Agoncillo said there are two components for this niche project.

“There are 30,000 unemployed nurses in the country and some of them have the opportunity to provide clinical support to these American patients,” Agoncillo said.

AETNA has tapped EXL Service, a local firm that directly transacts business with AETNA .

For the first project component, Agoncillo said that 250 nurses are already working to provide assessment on medical claims by patients who are going to undertake treatment of their illnesses.

The potential is to hire a total of 500 Filipino nurses who would undertake the job.

According to Reyes, Filipino nurses’ job here is to evaluate requests for insurance coverage and relay back to the US their assessments. Filipino nurses, however, cannot deny a patient’s requests for insurance coverage.

Should their evaluation say a particular request should be denied because it is not covered, all they have to do is forward it to the US where an American doctor would be the one to convey the denial of such request.

This job was used to be undertaken by nurses and doctors in the US but the American insurance firm has decided to outsource this service to the Philippines Nurses would fit this job because they are at least familiar with the technical terms and ailments.

The other project component also involves the hiring of services of nurses to provide home care patients to American patients.

This team of nurses will take on the services that nurses in the US used to provide to home care patients. Nurses in the US either call or visit home care patients to check on them, if they have already taken their medicines, among others.

In this case, the Filipino nurses in Manila will call the home care patients to check if they have taken their medication and determine if they are well.

This team will start with 250 nurses in the next 12 months and is hoping to ramp up to 1,000 in a couple of years as more business come in.

This is a niche job, a combination of voice and non-voice, Reyes said.

Source:http://www.mb.com.ph/articles/320571/6-us-companies-investing-100m-bpo-generating-10000-jobs

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Dubai Outsource Zone highlights commitment to banking and finance sector in MENA Region

May 30th, 2011

Dubai Outsource Zone, a member of TECOM Investments, today announced it is the strategic partner ofthe seventh Financial Technology Summit and Meetings – Middle Eastfor the second consecutive year.

To be held at the Beach Rotana Hotel in Abu Dhabi from 31 May – 1 June,the Financial Technology Summit will focus on ‘Business trends and technology enablers in 2011-2012′. The exclusive event (by invitation only) is expected to draw high-profile IT decision-makers from the banking and financial sector in the Middle East.

DOZ’s support to the event comes on the back of an increasing number of regional as well as global banks and financial institutions setting up support operationswithin the free zone, leveragingits array of mid and high-end services. Dunia Finance, Mashreq Bank, Royal Bank of Scotland (RBS) and Arab Bank are some of the key entities that have marked a presence at DOZ.

Majed Al Suwaidi, Director of Business Development at Dubai Internet City and Dubai Outsource Zone, said: “A main focus for DOZ is to help businesses within the zone make the best use of their resources.This isespecially apparent in the finance and banking sectors witha significantnumber of institutions from thesector setting up back-offices in DOZ. Through partnering with thesummit, we aim to highlight our commitment to the growth and development of the diverse sectors of the region.”

Dubai Outsource Zone provides a purpose-built infrastructure to companies extending outsourcing services in the region. The zone caters to entities specialising in services such as business process outsourcing, knowledge process outsourcing and legal process outsourcing. Additionally, it offers an environment that attracts different elements of the value chain: banking and finance, insurance, IT, legal, airlines and hospitality.

Dubai Outsource Zone currently hosts a number of companies in diverse sectors such as banking and finance, accounting, IT, payroll processing, engineering, research and development as well as design. Current companies operating in DOZ include Nokia Siemens Networks, Emirates airline, AXA Insurance, du, First Data, Cupola, Larsen and Toubro Infotech Ltd, Al Futtaim Willis, and the Jumeirah Group.

Source:http://www.ameinfo.com/266610.html

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TriZetto to hire 400 people in Pune in 2 months

May 30th, 2011

TriZetto Inc, a leading health insurance solution provider announced recruitment plans of hiring 400 new employees at its Business Process Outsourcing (BPO) center in Pune.

TriZetto BPO, which was formerly known as Tela Sourcing before the acquisition, provides world-class healthcare BPO and IT Services that drive administrative efficiency, improve the cost and quality of care, and increase payer and provider collaboration and connectivity. With this ambitious recruitment plan, the centre, already providing jobs to 750 people, aims to grow in size over the next two months.

While growing from strength to strength in last seven years, this centre is now looking at an aggressive ramping up of operations. TriZetto will be looking at recruiting at all levels. The hiring is for jobs related to claims process which includes – claim adjudication, enrolment and billing. The entire process of hiring is to achieve efficiency keeping in mind the ever growing demands of the dynamic market. Knowledge in health insurance will give the prospective employees an edge over others.

Commenting on the recruitment plan Brij Sharma, Senior Vice-President of TriZetto BPO said, “TriZetto has always welcomed experience and talent and with the growing business, we intend to take this forward even more aggressively. We believe that in a business like ours, new talent, with their innovative approach not only takes customer services to different level but also add value to the business.

Source:http://www.indiainfoline.com/Markets/News/TriZetto-to-hire-400-people-in-Pune-in-2-months/5166245546

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