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After One Week of Sun - We Miss the Snow
The first is always the best...and this includes the first business week for some Filipino companies who have made headway by buying foreign companies:
1. January 7, 2008: Exist Global Acquires DevZuz - Exist Global, a leading software engineering services firm headquartered in the Philippines, has announced the acquisition of US-based DevZuz. DevZuz is a developer of delivery platforms that link enterprise businesses to application development projects and processes
2. January 9, 2008: IPVG buys US tech firm for $10.5M - LISTED IPVG Corp. has acquired US-based Prolexic Technologies Inc. (Prolexic) for $10.5 million. Prolexic provides businesses operating on the Internet, including e-commerce companies, protection from all types of cyber-security threat.
3. January 11, 2008 : IPVG ups offer to acquire PeopleSupport - IPVG and AO Capital Partners Ltd., have proposed to acquire PeopleSupport at $17 a share, both groups said in a letter to the CEO of PeopleSupport. The all-cash offer increases IPVG and AO Capital's offer from $15 to $17 a share.
Guess who really needs to buy true people support? Philippine president GMA, she just launched an anti-poverty program exclusively for the poorest of the poor.
Filipinos may have just enough for the day, still we are the most generous in the region.
That's the true spirit of giving.
We are the happiest too - among the poorest countries! 80% of Filipinos are happy despite less than $2,000GNP.
I want to see the 2005 updated table. Am sure - pareho lang.
Lastly, since we left the Philippines, 1,200 days ago, the US Dollar exchange rate has gone down from $56 to $40. Last year the Philippine peso was the most aggressive among Asian countries. Times are really looking up!
I'm beginning to believe that there really is a Santa Claus. He just made my wish for the Philippines to continually recover economically and start helping its own.
What a great start of the year!