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MANILA, Philippines – A Fortune 500 US company has expressed serious interest to expand its operations in the Philippines, Philippine Ambassador to the US Jose Cuisia, Jr announced on Friday, July 11.
FIS Global, a banking and payments technology services firm based in Jacksonville, Florida, would like to tap the Philippines for information technology and business process outsourcing (IT-BPO) services, said Cuisia.
“FIS Global Chairman and Chief Executive Officer Frank Martire has informed us that his company is considering to expand its present operations in the Philippines because of the favorable investment climate and other advantages, particularly the encouraging support that the government provides,” Cuisia said.
FIS Global ranks 434th on the Fortune 500, an annual list of top US companies ranked by their gross revenue. Also a member of Standard & Poor’s 500 Index, FIS Global topped the latest FinTech 100 list of the American Banker magazine.
The company has been serving bank clients in the country for the past two decades, noted Trade Representative Maria Roseni Alvero, who joined Cuisia in his economic diplomacy mission to Florida.
FIS Global employs over 37,000 people worldwide, including more than 1,700 in the Philippines, said Alvero.
Besides FIS Global, other local companies in Jacksonville are also interested to do business in the country.
According to Aaron Bowman, Senior Vice President for Business Development of JAX USA Partnership, a regional economic development organization, “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.”
“We want to be connected with companies in the Philippines,” Bowman said during a business roundtable in Jacksonville.
Cuisia welcomed the interest of Florida companies, particularly FIS Global, to collaborate and invest in the Philippines.
“We see this as a step forward in further developing our local industries, as well as further strengthening economic ties between the Philippines and the United States,” he said. – Rappler.com
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