Connect with us

Hi, what are you looking for?

Economy

Globe’s Asticom launches business process solutions subsidiary

GLOBE TELECOM, Inc.’s shared services unit Asticom Technology, Inc. is launching its first subsidiary, Asti Business Services, Inc. (ABSI), to provide enterprises with end-to-end solutions for human resources, administrative, finance, and information technology functions, the Ayala-led telco announced on Wednesday.

In an e-mailed statement, Globe said ABSI aims to provide enterprise services to telecommunications, financial technology, information technology, retail, health, logistics, automotive, banking, education, real estate, and aviation companies.

Mharicar Castillo-Reyes, Asticom president and chief executive officer, is hoping that ABSI “will be able to create purposeful growth for the local and international markets.”

“ABSI offers digital platform solutions to help leading enterprises in their digital transformation journey, such as customer experience and employee engagement,” Globe said.

The new Asticom subsidiary will also focus on process optimization for front and back-end office functions in addition to IT-enabled services, such as web and mobile application development.

According to its website, Asticom offers payroll, staffing, and managed services.

Its clients include AF Payments, Inc. Ayala Foundation, Eastern Communications., GCash, Globe, and Samsung.

Globe saw its attributable net income for the first nine months of 2020 decline 10.15% to P15.89 billion from the previous year’s P17.68 billion.

Globe Telecom shares on Wednesday closed 1.29% higher at P2,046 apiece. — Arjay L. Balinbin

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

LVIV — Ukraine has sent letters to companies that back the International Olympic Committee (IOC) urging them to keep Russian athletes out of the...

Economy

SYDNEY — Australian Prime Minister Anthony Albanese will push for bipartisan support on a referendum that aims to set up an Indigenous consultative committee...

Economy

BENGALURU, India — Oil producers may have to reconsider their output policies following a demand recovery in China, the world’s second-largest oil consumer, the...

Economy

MANILA — Philippine conglomerate Metro Pacific Investments Corp is in talks to acquire a significant share stake in Axelum Resources Corp, a manufacturer and...

Investing

Retailers, hospitality businesses, the tech industry and recruiters have called for urgent reform of the apprenticeship levy, calling it a “£3.5bn mistake”. In a...

Investing

Manufacturers and retailers are struggling most in the present economic climate and will be in greatest need of support in the year ahead, the...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.