NextGen Day

MANILA – Anthem, Inc., a New York-based corporation that specializes in healthcare information technology and business process outsourcing (IT-BPO), is expanding in the Philippines.

The corporation expressed its investment intention in a virtual meeting with the Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairman Ramon Lopez and DTI Undersecretary and BOI Managing Head Ceferino Rodolfo, according to a statement released on Sunday.

Rajat Puri, chief operating officer of Anthem Diversified Business Group, said the company is bullish about the chances in the Philippines and is looking into opportunities in the pharmaceutical technology industry.

Anthem Strategic Operations chief Stella Aquino said the company is looking to explore opportunities in Iloilo, which has a strong nursing talent pool.

Anthem’s local arm, Legato Health Technologies, began operations in the Philippines in November 2018 with a PHP950 million investment and 1,000 employees.

The company has grown to 8,000 employees in the last four years.

“With the Duterte administration’s continued push for major economic reforms, supplemented by the country’s sound policies and systems in place, we are beginning to see increased interest in many new sectors, such as those related to telecommunications, broadband, interconnectivity, satellite services, and other digital infrastructures, such as data centers for hyperscalers and the corresponding renewable energy projects that are expected to serve as the source of power for these data centers, we are beginning to see increased interest in many new sectors, such

With increased investments in telecommunications infrastructures, he continued, the IT-BPO business may profit from improved connectivity in the country.

Rodolfo informed Anthem executives that the BOI has approved a PHP155 billion telecommunications infrastructure project.

Elon Musk’s SpaceX is also bringing its first internet-over-satellite service to the Philippines.

BOI and SpaceX are also progressing in their discussions over the former’s investment plans in this city.

“Infrastructure improvements in rural areas will result in more economic activity and opportunity in other parts of the country.” “Regional development has always been one of the Duterte Administration’s top priorities, ensuring our economy’s long-term, inclusive, and sustainable growth, through administrations and generations,” Lopez added.

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