Fortune 500 company mulling expansion in PH | Global News

Fortune 500 company mulling expansion in PH

/ 09:09 AM July 14, 2014

JACKSONVILLE, Florida — A Florida-based Fortune 500 company, one of the world’s leading providers of banking and payments technology services, is seriously mulling the expansion of its operations in the Philippines.

FIS Global wants to tap the Philippines for information technology and business process outsourcing (IT-BPO) services, reported Ambassador Jose L. Cuisia, Jr. who led an economic diplomacy mission to Florida recently.

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FIS Global, which has been serving bank clients in the Philippines for the past two decades, is No. 1 in the annual FinTech 100 list and 434 on the Fortune 500. It is a member of Standard & Poor’s 500® Index.

“We welcome the interest of Florida companies, particularly FIS Global, to collaborate and invest in Philippine businesses and institutions,” Cuisia said.

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FIS Global Chairman and Chief Executive Officer Frank Martire said his company is considering the expansion of its present operations in the Philippines “because of the favorable investment climate and other advantages, particularly the encouraging support that the government provides,” Cuisia reported

Trade Representative Maria Roseni Alvero, who accompanied Cuisia in the mission, said FIS Global, which is headquartered in Jacksonville, employs more than 37,000 people worldwide, including more than 1,700 in the Philippines.

“We see this as a step forward in further developing our local industries as well as further strengthening economic ties with between the Philippines and the United States,” Ambassador Cuisia said.

During the business roundtable in Jacksonville, Aaron Bowman, Senior Vice President for Business Development of JAX USA Partnership, a regional economic development organization in Jacksonville, said there are local companies interested in doing business in the Philippines.

“There are various areas that we would like to explore – from agricultural research and food product testing to opportunities in aerospace and aviation, particularly on the maintenance and manufacturing side,” Bowman said.

“We want to be connected with companies in the Philippines,” Bowman told Ambassador Cuisia, Commercial Counselor Alvero, and Agriculture Attaché Josyline Javelosa.

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TAGS: Ambassador Jose Cuisia, business expansion, FinTech 100, FIS Global, Fortune 500, investing in Philippines, Standard & Poor’s 500® Index, trade mission
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