Philippine Digest: PLDT inks $300m deal with Amdocs; GSIS seeks overseas investment manager

Source: PLDT

PLDT and its wireless unit, Smart Communications, have partnered with Amdocs in a $300-million deal to upgrade the telecom firm’s digital capabilities while GSIS, the pension fund for government workers, is looking for managers for its $800-million overseas investments.

PLDT, Smart collaborate with Amdocs in $300m digital upgrade

Philippine telco and digital services provider PLDT and its wireless subsidiary Smart Communications have partnered with Amdocs for a technology-enabled digital transformative program, PLDT announced on Wednesday.

In a disclosure to the Philippine Stock Exchange, PLDT said Amdocs, a global provider of software and services to communications and media firms, will upgrade and manage business technology systems serving PLDT and Smart customers.

Amdocs will integrate artificial intelligence, machine learning, and other advanced technologies in the digital upgrade that costs $300 million, PLDT disclosed.

The seven-year agreement is a key component of PLDT’s transformation to enhance customer experience, engagement, and product delivery, PLDT and Smart Chairman and CEO Manuel V. Pangilinan said.

State pension fund GSIS seeks managers for $800m overseas investment

State pension fund Government Service Insurance System (GSIS) is looking to hire two foreign fund managers for its $800-million overseas investment this year, the Philippine News Agency reported.

The overseas investment is part of the pension fund’s efforts to be more aggressive in sustaining its actuarial gains, GSIS said. To date, GSIS’ investment overseas is about 10 percent of its total assets.

GSIS President and General Manager Jesus Clint Aranas was quoted by state media as saying that the fund also wanted to take advantage of the good performance of global markets to date. However, he declined to state a definite timeline for when it plans to execute the investment this year.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.