Singtel expands PH digital footprint with P1.87-B joint venture —DTI

Singapore’s Singtel Group is scaling up its technology footprint in the Philippines through a P1.87-billion joint venture, the Department of Trade and Industry (DTI) announced on Thursday.

In a news release, the DTI said Singtel, a long-term investor in the Philippine telecommunications space through its stake in Globe Telecom, is forming NCS Philippines —a joint venture between the Singaporean telco’s technology services arm, NCS, and Globe’s Yondu.

The Trade Department said the joint venture has scaled NCS’ local workforce from 150 to over 1,200 professionals.

"We highly value Singtel’s continued trust and investment in the Philippines. The growth of NCS Philippines from a boutique team to a 1,200-strong tech workforce is a prime example of how international partnerships can create high-value, quality jobs for our IT professionals,” said Trade Secretary Cristina Roque.

“The DTI remains fully committed to supporting Singtel and its partners as they drive digital transformation and technological innovation in the country,” added Roque. — Ted Cordero/BM, GMA News