The Singapore-based telecommunications group, a long-term investor in Globe Telecom, is scaling up its technology footprint through NCS Philippines, a joint venture between its technology services arm, NCS, and Globe's technology subsidiary, Yondu.
The venture, established with an enterprise value of P1.87 billion ($30 million), has grown its local workforce from 150 to more than 1,200 professionals, positioning the Philippines as a key delivery hub for global technology services.
Strategic investment
The expansion was highlighted during President Ferdinand Marcos Jr.'s working visit from July 14 to 16 to Singapore, where he met with Singtel Group CEO Yuen Kuan Moon, Globe Telecom president and CEO Carl Cruz, and Ayala Corp. vice chair Fernando Zobel de Ayala.
During the meeting, Singtel reaffirmed its long-term commitment to the Philippines and its continued support for Globe, which the company said remains a key investor in the telecommunications infrastructure needed to power the country's expanding digital economy.
Through NCS Philippines, Singtel is investing in the development of Filipino professionals in high-demand fields, including AI, cloud computing, cybersecurity, data analytics, and software engineering.
Digital talent
The initiative supports the government's efforts to build a globally competitive digital workforce while creating more high-value employment opportunities for Filipino technology professionals.
Trade Secretary Cristina A. Roque welcomed Singtel's continued expansion, saying it reflects growing confidence among Singaporean investors in the Philippine economy.
"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," Roque said.
She added that the Department of Trade and Industry remains committed to supporting Singtel and its partners as they drive digital transformation and innovation in the country.
Policy support
The expansion aligns with the Marcos administration's push to accelerate digital transformation and attract more technology investments.
The government said reforms such as the CREATE MORE Act, the Strategic Investment Priority Plan (SIPP), and the Konektadong Pinoy Act have improved the country's business environment and strengthened its competitiveness as a destination for global technology and digital service providers. —Ed: Corrie S. Narisma
