Author: Business News Asia

Globe, the most reliable mobile network in the Philippines, continues to bring many firsts that help make every day better for every Filipino. To showcase the different ways that Globe uplifts lives, the company brought together a series of exciting announcements and previews from its different businesses and partner brands through the Globe Innovation Fest (GIF) 2022. GIF highlights stories and platforms that allow Globe customers to experience compassion as well as life-enhancing experiences, everyday acts of kindness and generosity, and enabling programs to help them grow, learn, and thrive. “Globe is dedicated to improving the lives of Filipinos by…

To envision to be the leading provider of a state-of-the-art tourist boats that would benefit all stakeholder and each member through recreation & modernization with enterprise and reasonable value is the intention of a newly estáblished association. The Cebu Tourist Boat Association formally launches its organization today, October 29, 2022, at the Golden Prince Hotel & Suites. The inauguration of a new organization that is with purpose and a mission, which is to partake in the implementation of the goals of Marina and envisioning the tourism maritime sector in Cebu to level up in accepting and realizing the modernization of…

Leading developer in VisMin Cebu Landmasters Inc. (CLI) further expands its growing leisure and hospitality portfolio as it introduces the 21-hectare MagsPeak Mountain Resort and Villas in Balamban, Cebu. The 21-hectare mountain estate in Magsaysay Peak in Balamban, Cebu, with an elevation of 800 meters is a joint venture between CLI and MagsPeak Nature Park Inc. composed of Cebuano businessmen and fellow Caminoans, Bob Gothong, Segundino Selma Jr., Richard Ray King, and Douglas Gacasan. It is designed to create a holistic mountain experience for Cebu with an outdoor, religious and hospitality component, built with sustainability at its core. MagsPeak will…

Metro Pacific Investments Corporation’s (MPIC) mWell unveiled a roster of groundbreaking firsts in digital healthcare as the Philippines’ first fully integrated health app at the forefront of innovation anchored on good health and well-being. In an event dubbed as PH1 hosted by no less than beauty queen, TV personality and youth advocate Catriona Gray, mWell celebrated the many firsts in a little over a year of its pilot launch and announced other pioneering efforts that help redefine not only telemedicine but the entire healthcare landscape. PH1 witnessed the full display of mWell app features that showcase its holistic approach to…

Twenty museums and heritage sites in the cities of Cebu, Mandaue, and Talisay will be opening their doors on October 21, 2022, from 6pm to 12 midnight for the highly anticipated Gabii sa Kabilin (GSK)”. Aside from access to 20 museums and heritage sites, participants can enjoy special activities and presentations in the participating sites, unlimited bus rides, and one complimentary tartanilla ride all in one night for just one ticket. Those who wish to participate in Gabii sa Kabilin can purchase tickets at any of the participating museums and heritage sites for only P200 each. Senior citizens and students…

NUSTAR Resort, a premier 5-star integrated resort in Cebu, has announced the appointment of Paolo Campillo as its General Manager. Building decades of professional experience across different continents, Campillo has held numerous positions in distinguished properties. He makes a remarkable distinction as he leads the opening of Fili, the Philippines’ first 5-star authentic Filipino hospitality brand, bringing his deep exposure in diverse hospitality cultures and efficient management skills in all aspects of hotel operations. Campillo brings close to 30 years of experience in the hospitality industry, where he worked for Starwood Hotels & Resorts, Shangri- La Hotels & Resorts, and…

CB Insights named the all-in-one money platform Maya to its fifth-annual Fintech 250 ranking, which showcases the 250 most promising private fintech companies of 2022. Maya, through its parent company Voyager Innovations, joins an elite international roster that includes digital banks Revolut and N26, PayPal-backed payment processor Stripe, merchant platform Pine Labs, and crypto platform Binance. The citation is in recognition of Maya’s strong record of execution as the only platform with a top-rated all-in-one money app, leading merchant payments processor business, most extensive MSME on-ground network, and the fastest growing digital bank in the Philippines. It is powered by Maya…

Cebu is in for a treat this coming October 15 and 16 when The Holistic Coalition of the Willing (HoliCOW PH) and MaGNA CMGN Solutions Inc. will host the acclaimed designer trio TATSULOK and the coalition’s first popup since lockdown. The TATSULOK sa Cebu: A Lifestyle Popup will showcase the designs of Balay Ni Atong by Al Valenciano, Filip+Inna by Lenora Luisa Cabili and Natalia Lagdameo. Tatsulok brings to Cebu their work with communities in Mindanao, Kalinga and Ilocos in light homeware, and accessories for everyday chic Filipiniana. Visitors of the popup will have the opportunity to acquire the beautiful…

Metro Pacific Investments Corporation’s (MPIC) mWell, the Philippines’ first fully integrated health app with a robust telemedicine service introduces mWellMD, an Electronic Medical Record (EMR) and clinic management system designed by doctors, for doctors. Following the success of National mWellness Day, the biggest nationwide online medical mission, mWell trailblazes anew with the launch of mWellMD. The cutting-edge platform provides doctors with features and services necessary for them to manage their practice for patients online as well as those in their clinics. This includes tools for managing patient records, consults, billings, and professional fees. mWellMD helps doctors by making their practice…

Here is a quick video on how to engage / disengage the Panoramic View Monitor (PVM) or 360 Camera of the Toyota Fortuner 2021 and up. Not all of the latest models of Toyota Fortuner are equipped with the PVM so better ask your agent about this feature. The video below features the PVM pre-installed in the Toyota Fortuner 2021 V variant. The PVM automatically engages whenever you are in reverse mode. However, if you want to use the PVM during driving forward, you need to press the PVM button (found on the left side just above the gas tank…

Driven by its mission to make e-commerce for everyone, Shopee partners with local government units (LGUs) in Cebu to help micro, small, and medium enterprises (MSMEs) in the region for its second iteration of the Shopee University Roadshow and Shopee Kumustahan. These two events educated MSMEs on how to take their businesses online, and kickstart their venture into e-commerce. Through its partnership with the cities of Mandaue, Cebu, Talisay, and Lapu-Lapu, Shopee aims to reach more Filipinos across the Philippines, and make the online selling and shopping experience easier, more convenient, and more seamless for everyone. As part of its…

In a world of rising interest rates, CIMB Bank Berhad, Singapore Branch (CIMB) announced its highest and most attractive rate – at up to 2%* p.a. for its CIMB StarSaver savings account today. There is no cap to the deposit amount for customers to enjoy this rate and customers can apply for a CIMB StarSaver account via the website at cimbbank.sg/savings “The CIMB StarSaver is an account that gives you high returns. There are no multiple conditions to fulfil to earn up to 2% p.a. interest rate. There is no need to do salary-crediting with us, have a minimum spend…

Hong Kong is likely to cut the number of days international travellers need to spend in mandatory hotel quarantine when officials make announcements as soon as August 8, according to a Bloomberg report. Discussions, however, are still ongoing and no definite decision has been made yet regarding the hotel quarantine days, the report added. Hong Kong currently requires international travellers to spend a week isolated in a hotel after testing negative for Covid within 48 hours of departure and on arrival. The report said more people are being diagnosed with the disease on the third day in hotel quarantine than…

To provide Cebuanos a glimpse of what Mandaue City businesses have to offer, the Mandaue Chamber of Commerce and Industry (MCCI) is set to hold the Mandaue Expo 2022 that will be held from August 5-7, 2022 at the Mandaue City. Girlie Garces, Mandaue Expo event chairperson, explained that the event is part of the Mandaue Business Month 2022, an annual activity of the MCCI. The expo will feature at least 40 exhibitors who will showcase various products such as processed meat, baked goods, beverage, furniture, furnishings and many others. The exhibitors engaged in food business include A.D Gothong Mfg.…

The 3 winning entries of the inaugural ASEAN Tech for Environmental, Social, Governance Awards have been announced. The awards, hosted by AIBP and supported by Oracle, will be presented to the winners at the 2022 AIBP ASEAN Innovation Retreat to be held in Singapore on 4 July 2022. In recent years, environmental, social and governance (ESG) priorities guided by the United Nations Sustainable Development Goals (UNSDGs) have become a key aspect for business resilience and sustainable development in ASEAN. As digitalisation takes centre stage as a key economic driver for ASEAN, there is increasing focus on how technology will support…

AsiaTechDesk.com, an online news site that seeks to document Asia-Pacific’s growing tech ecosystem, has officially launched today. The tech news site, based in the Phiippines and managed by journalists around the region, seeks to be the go-to source for everything related to Asia’s tech ecosystem. It covers venture capital, private equity, unicorns, M&As, people moves, and tech announcements. The site welcomes story pitches, announcements, and press releases that can be emailed to editor@asiatechdesk.com.

Freshket, a tech-enabled food supply chain platform, has raised $23.5 million in its series B funding round, according to an AsiaTechDesk.com report The funding was led by SET-listed PTT Oil and Retail Business Public Company Limited and saw participation from Openspace, Betagro Holding, a company owned by the Taepaisitphongses and shareholder of Betagro Public Company Limited, ORZON Ventures, and Volta Circle. Freshket was founded in 2017 with an aim to provide consumers and food businesses with a wide variety of agricultural produce and the freshest ingredients, always sourced from local farmers and suppliers. Today, Freshket delivers premium quality raw ingredients,…

Solar Philippines Nueva Ecija Corporation (SPNEC) is making preparations to satisfy the requirements of potential off-takers for its 10 GW of developments. “While we are constrained from commenting on specific procurement processes, we are giving this update that contracting is currently SPNEC’s top priority. Reflecting this is our allocating of resources towards bid bonds, as required to advance contracting processes,” said Solar Philippines founder Leandro Leviste. On April 29 2022, SPNEC’s board approved transacting with banks to secure bid bonds for potential off-take agreements and confirmed the board’s prior approval for proceeds of SPNEC’s IPO to serve as collateral for…

Staminier Limited, a portfolio company of GreenBank Capital, has agreed to acquire up to 21% of NARC Limited, the developer of “Beyond Ever After”, a next-generation massive multiplayer online (MMO) game designed for the metaverse, Business News Canada reported. Under the deal, Staminier, through its subsidiary Substantia, has agreed to invest an initial £525,000 at 75 Euros per NARC share for an initial 2.6% stake of NARC’s fully diluted share capital. Staminier reported to GreenBank that at the time of this news release, £375,000 of these funds have already been paid to NARC, with a remaining £150,000 still to come…

The Professional Regulation Commission (PRC) and the Board for Professional Teachers (BPT) announced that 10,039 elementary teachers out of 20,567 examinees (48.81%) and 7,809 secondary teachers out of 18,717 examinees (41.72%) successfully passed the Licensure Examination for Teachers (L.E.T.) given last March 27, 2022 in 24 testing centers all over the Philippines. It is further announced that of the 10,039 elementary teacher passers, 246 are first timers and 9,793 are repeaters. For the secondary teachers, 2,194 passers are first timers and 5,615 are repeaters. The results of examination with respect to thirty-seven (37) examinees were withheld pending final determination of…