An asset company in Singapore was established to oversee all its investments in the business process outsourcing (BPO) sector, this was approved by Publicly-listed information technology and gaming firm IPVG Corp.

IPVG said that it will hold all its investments in voice BPO companies in America, Latin America and Southeast Asia, including its current operations in the Philippines and North America. This was revealed to the Philippine Stock Exchange. The company said that with a BPO asset company in Singapore, IPVG will be in a strategic spot to grab more outsourcing and off-the-shore work to expand its BPO operations globally.

With this expansion, the board of directors of IP Contact Center Outsourcing (IPPCO), a wholly-owned unit of IPVG, has permitted the transfer of all of its fixed assets, material contracts and workforce to a new company to be integrated under the BPO holding company.

IPPCO offers English voice content, telemarketing, technical support, customer support, and other BPO services for foreign clients. An exclusive partnership with Hong Kong-based telecom giant PCCW was secured by IPPCO. To support English language programs, teleservices was also performed to mutually launch its call centers in the Philippines. IPVG is now dealing with IT and communication business in Southeast Asia. [via]