PHILIPPINE EMBASSY IN NEW DELHI AWAITS its new AMBASSADOR
Hon. Teresita Berner, Ambassador of Philippines to India has retired effective early this year.
The new Ambassador of the Philippines to India has still to be nominated.
FIRST PHILIPPINES COMPANY OPENS OFFICE IN INDIA.
IPVG, a Philippines based listed information and communications technology Conglomerate has set up a $ 1-million joint venture company in India. Based in Mumbai, it will start its operation in July of this year.
Its Indian partner is Credence Analytics, a specialist financial solutions company. This partnership was the outshoot of President Arroyo visit to India in October 2007, where they are signed a Memorandum of Agreement. Now they have sealed this joint venture.
Verity Analytics will be the name of the new company and will be owned 60% by IPVG. This venture marks the first-ever entry of a public listed Filipino IT company into the KPO space for financial services in India.
Mr. Enrique Y Gonzalez, CEO of IPVG believes that they would be leveraging on synergies with their strategic investments in USA and Europe, namely Prolexic and Influent which currently has some Fortune 500 client base.