Another Report Confirms the Chile Success Story
Posted by RMoses in Doing Business Near shore on February 4th, 2010
A recent report from the management consulting firm A.T. Kearney found that Latin America, and Chile in particular, is becoming an increasingly popular global services destination for multinational companies and third-party service providers. Chile’s stable business environment, talented labor pool and outstanding physical and telecom infrastructure is positioning the country for continued growth in this area.
The report found Chile increasingly gaining interest from North American and European companies looking to serve both English and Spanish speaking clients.
Chile : IBM inks outsourcing deal with Chile s LAN Airlines.
Posted by RMoses in Current Near Sourcing News on February 4th, 2010
Byline: shiv03
IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world’s largest computer company. IBM’s product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) has entered into a new five-year, multi-million dollar outsourcing deal with Chile’s LAN Airlines LAN Airlines S.A. NYSE: LFL (formerly Lan Chile) is an airline based in Santiago, Chile. It is the principal Chilean airline and one of the largest in South America, with flights to Latin America, Canada, United States, Mexico, the Caribbean, Oceania, and Europe.
….. Click the link for more information.. Under the contract, information technology (IT) services will span management, operation and control of LAN’s core IT platform, and will also include security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the and the execution of an innovation centre.
With direct communication to IBM’s global development centres, the innovation centre will serve as a hub for developing new ideas and enable LAN (Local Area Network) A communications network that serves users within a confined geographical area. The “clients” are the user’s workstations typically running Windows, although Mac and Linux clients are also used. to stay current with the new advances in technology in the aviation and travel industry, the company said.
Obama Acts Tough on Outsourcing
Posted by RMoses in Current Near Sourcing News on February 2nd, 2010
United States President Barack Obama’s State-Of-The-Union Address announcement to slash taxes to American firms to generate jobs in America instead of outsourcing them is likely to create more problems than it solves, both in the US and overseas, analysts say.
The nature of the business will make it difficult to impose tax penalties on US firms that outsource jobs, according to a survey in India by Asia Sentinel of industry officials, independent consultants and financial analysts.
Brazil stocks higher on US GDP; currency near flat
Posted by RMoses in Current Near Sourcing News on February 2nd, 2010
The benchmark Bovespa index .BVSP rose 1.3 percent to 66,442.95, on track for a second session of gains.
The government said the U.S. economy grew 5.7 percent in the fourth quarter, beating forecasts and underscoring a recovery in the world’s largest economy. For details, see [ID:nCAT005061].
Latin America will grow by 4.3 % in 2010
Posted by RMoses in Current Near Sourcing News on January 28th, 2010
This good news comes from ECLAC ( Economic Commission for Latin America and Caribbean- which is part of the United Nations) in their 10 December 2009 report.
The GDP of the region which fell by 1.8% in 2009 due to the global crisis will resume growth in 2010 with 4.3 %. The region had an annual average growth of 4.8% in the period 2003-2008. In this period, the region enjoyed a current account surplus as well as primary surplus, accumulated foreign exchange reserves, reduced external debts, booming exports and strong macroeconomic fundamentals. This is the strength which helped the region to withstand the global crisis in 2008-9 with only moderate adverse impact and bounce back in 2010.
Latin American Countries to Begin Single Currency Talks
Posted by RMoses in Current Near Sourcing News on January 28th, 2010
Last Updated:[1/25/2010 8:02:50 AM]
The trade ministers of an alliance of Latin American Countries (ALBA) will meet today to discuss the operational launch of a regional electronic currency. In last April, Venezuelan President Hugo Chavez and the leftist leaders of the region agreed to minimize the US dollar dependence by launching a Latin American currency styled in line with the euro.
Chavez during a political rally on Saturday apprised that the leaders would meet on Monday in Caracas to further shape an extraordinary project” on a currency that will “break the dependency on the dollar, its economic and financial colonialism.
Kenya: Things Could Not Shine Brighter for ICT Industry
Posted by RMoses in Uncategorized on January 28th, 2010
Nairobi — After a slump in 2009 due to the global credit crunch, the ICT industry is renewing hopes of recovery and can look forward to a sustained, slow revenue growth in 2010, industry analysts say.
Information technology research firm, International Data Corporation (IDC), says two themes will dominate events in the IT and telecoms markets in 2010; recovery and transformation. And, with a global economic reclamation widely anticipated, modest growth in IT and telecoms spending is expected.
Bank of America Merrill Lynch sees revenues up 40-50% in Latin America in 2010 - Regional
Posted by RMoses in Current Near Sourcing News on January 28th, 2010
Published: Thursday, January 28, 2010 11:38 (GMT-0400)
By Jorge Porter / Business News Americas
After making big strides last year in solidifying and integrating the businesses and cultures of the two banks, Bank of America Merrill Lynch (NYSE: BAC) is now looking to selectively grow in Latin America as it goes forward, James Quigley, the bank’s president for Latin America and Canada told BNamericas.
“2009 was a very successful year for us in Latin America. We had a record year in Mexico, Colombia and Chile and we’re very confident we can generate performance this year that is effectively up 40-50% over 2009, which would be the best year for us in the region.”
The NEARSHORE BECKONS – A BPO M&A ANALYSIS
Posted by RMoses in Current Near Sourcing News on January 27th, 2010
Philip Peters, Miami - This is an article I wrote for Kroll Teledencias
Recent Latin American and Caribbean acquisitions by Dallas-based ACS, one of the leading business process outsourcing companies in the Americas, and the subsequent US$6.4 billion takeover of ACS by Xerox, has focused the spotlight on the nearshore outsourcing industry. Rough estimates of regional mergers and acquisitions exceed US$550 million over the last 36 months.
Recent Latin American and Caribbean acquisitions by Dallas-based ACS, one of the leading business process outsourcing companies in the Americas, and the subsequent US$6.4 billion takeover of ACS by Xerox, has focused the spotlight on the nearshore outsourcing industry. Rough estimates of regional mergers and acquisitions exceed US$550 million over the last 36 months.
Retail, healthcare sectors seen jumping on IT outsourcing bandwagon - Regional
Posted by RMoses in Doing Business Near shore, business opportunities on February 4th, 2010
The Latin American retail and healthcare sectors are expected to see some of the highest IT outsourcing growth rates this year, thus joining ranks with more traditional consumers such as the financial and government sectors.
Fernando Belfort, an IT analyst for Frost & Sullivan, told BNamericas that retail and healthcare companies have scant knowledge of infrastructure technologies.
The healthcare sector in particular is already used to outsourcing non-essential operations such as cleaning and building security, and the industry is now setting its sights on technology, Belfort said.
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