Mindanao Star Bus Transit Inc. (MSBTI) said it will support the economic growth of Central Mindanao in terms of boosting passengers mobility and transportation of agricultural products. “Mindanao Star Bus is committed to spurring and sustaining social and economic activities in this region by providing safe, dependable and affordable public transport,” said Leo Rey Yanson, the newly re-elected chairman and president of the company after the stockholders’ meeting held on January 20, 2024 in Cagayan de Oro City. Central Mindanao or SOCCSARGEN (Region XII), which includes South Cotabato, Sultan Kudarat, Cotabato and Sarangani provinces and General Santos City, is also…
Author: Business News Asia
Business News Asia
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In a remarkable moment for the Queen City of the South, lyf Cebu City officially swung open its doors on January 16, ushering in a new chapter of co-living and community-centric service. The opening event was graced by Philip Barnes, Country General Manager; Rey Vergel Mulat, lyf Champion (Residence Manager) of lyf Cebu City; Mathias Bergundthal, Director of Hotels and Assets of Cebu Landmaster’s; Jose Franco Soberano, SEVP and COO of Cebu Landmaster’s; Jose Soberano III, Cebu Landmaster’s Chairman and CEO; Mike Rama, Mayor of Cebu City; Judy Gabato, Chief Tourism Operations Officer of DOT – Central Visayas; and Atty.…
Quest Hotel invites you to experience the vibrant and rhythmic celebration of Sinulog on January 21, as we bring the festival spirit to life right at the pulse of Cebu City. Sinulog dancers and drumbeaters will take center stage all day at the hotel lobby and drop-off, creating an atmosphere of energy and excitement that captures the essence of this world-renowned cultural event. In the evening, the highlight will be the Sinulog Buffet Dinner at Puso Bistro and Bar, offering a feast of flavors that pay homage to the rich culinary traditions of the Philippines. Guests can indulge in a…
Malaysian-based food startup Meals in Minutes today announced that it has successfully secured $1.5 million in a seed round led by an early-stage venture fund and seed accelerator 500 Global, with participation from a private investor. This fresh round of capital will fuel Meals in Minutes’s growth across Malaysia and Singapore, including establishing a presence in the United Kingdom. The funding will also be focused on the research and development to expand Meals in Minutes’s selection of food products and build a stronger marketing campaign to reach greater target audiences across all markets. Vin Vin Khu, Chief Financial Officer (CFO)…
Singapore-based impact private equity firm ABC Impact has announced the successful first closing of its second impact fund, ABC Impact Fund II. Launched in August 2023, ABC Impact Fund II has garnered support from new investors, notably a Southeast Asian sovereign wealth fund. Bolstered by the track record of its inaugural fund, ABC Impact has also received significant backing from existing partners, including Temasek Trust, Temasek, SeaTown Holdings, and Mapletree Investments. Fund II Assets Under Management (AUM) now exceeds US$550 million, with the final close expected in 2024. “We are pleased to achieve the first closing of ABC Impact Fund…
Celebrate Sinulog, the country’s grandest festival, at your favorite SM malls in Cebu! Immerse yourself in the excitement of festive events at the core of the Sinulog Festival this month of January. The Sinulog Festival in Cebu is a vibrant and deeply-rooted religious celebration that traces its origins to the Feast of the Sto. Nino. SM Seaside City Cebu and SM City Cebu offer a vibrant and culturally rich experience for both locals and tourists when they visit the two SM malls in Cebu City this Sinulog 2024. RELIGIOUS EXHIBITION To start off the celebration, SM City Cebu and Ramon…
Running an international shipping service can be a complex and challenging endeavor, but it also opens up immense opportunities for business growth. In today’s globalized market, being able to ship products overseas is essential for reaching new customers and expanding your brand’s reach. With the rise of e-commerce and the increasing demand for online shopping, the need for efficient and reliable international shipping services has never been greater. However, like any other business venture, setting up a successful international shipping service requires careful planning and execution. This blog post will delve into key strategies and tips for running a successful…
The Subic Bay Metropolitan Authority through the abled leadership of Chairman Administrator Jonathan D. Tan bags 6 awards from the Department of Tourism – Region III. DOT 3 prestigious Tourism Recognition for Enterprises and Stakeholders Awards, known as TRES Awards named SBMA among the total of 36 awards across eight categories as; Most Visited Tourist Destination for 2023 (Champion) Top Tourist Destination for 2023 (1st runner up) Kaagapay Award (2nd runner up) Most Creative Tourism Marketing Collateral (1st runner up) Most Outstanding Tourism Month Celebration (1st runner up) Filipino Brand of Service Excellence Advocate (2nd runner up) Chairman Tan is…
Canon Singapore Pte. Ltd. (Canon Singapore) today announced the new appointment of Mr. Toshiyuki Ishii as President and CEO of Canon Singapore, the regional headquarters for Canon in the South and Southeast Asia region, effective from 1 January 2024. Mr. Ishii moved from his recent role as Head of Consumer Imaging Group in Canon China, during which he directed sales and marketing strategy since 2016. Based in Singapore, he will oversee and lead Canon employees and business partners in the area of sales, marketing, service and operations in 23 countries and regions including Singapore and subsidiaries in India, Malaysia, Thailand…
A growing number of Filipino professionals are cashing in on freelancing either for full-time work or to earn extra income. With its long list of positives including flexibility and more opportunities to earn higher compared to regular jobs, reports show that the local gig economy has been rapidly growing in the past few years as it has become an increasingly attractive career track both for barely starting fresh graduates and more experienced workers. In a report on the Philippine freelance market published in 2022, it was revealed that over 1.5 million Filipinos are engaged in freelancing platforms, 60 percent of…
Life science is the field of science that studies living things, like plants, people, animals and even bugs. Most people who desire to pursue careers in the life sciences typically hold degrees in chemistry, biology, ecology, environmental science or a similar field. Many types of life sciences jobs can be used in many different fields. One example of a job for one of these experts is working in health and technology or conservation and environmental campaigning. Life science is a very broad area, so people who want to start a career in it have a lot of choices. Here are…
AirAsia X (AAX) announced today that it has entered into a non-binding letter of acceptance with Capital A for the proposed acquisitions of its aviation businesses, namely AirAsia Berhad and AirAsia Aviation Group Limited. The strategic move positions AAX to become the overarching regional aviation provider for all short and medium-haul routes under the AirAsia brand name. This groundbreaking acquisition is expected to provide unparalleled advantages, including a strengthened market position, increased operational efficiency, and ultimately driving cost savings and enhanced financial performance. The decision to combine the airline businesses through these acquisitions leverages AAX’s robust recovery trajectory after its…
Indonesian agritech startup Semaai announced today it has raised USD 4.7 million (approximately IDR 73 billion) in a mixed round of equity and debt financing. The round was led by CyberAgent Capital and saw participation from a consortium of new and existing investors, including Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, Heracles Ventures, Peak XV’s Surge, Accion Venture Lab, and Beenext. This latest funding boosts Semaai’s total investment to USD 7.6 million (around IDR 118 billion), marking a significant milestone following a year of exponential growth. The startup has reported a more than fifteen-fold increase in net revenue over the past…
Human Capital Management (HCM) systems stand out as indispensable tools for organizations seeking to optimize and streamline their human resources processes. The decision to invest in an HCM system promises a plethora of advantages, not only enhancing operational efficiency but also contributing significantly to the overall growth and prosperity of a business. Heightened Efficiency and Productivity At the forefront of the benefits derived from an HCM system lies a substantial improvement in efficiency and productivity. The automation of repetitive and time-consuming HR tasks, such as payroll processing, employee onboarding, and performance evaluations, empowers businesses to allocate more resources and time…
Amidst a challenging year, the Yanson Group of Bus Companies (YGBC) remains committed to providing Filipinos with reliable public transportation, according to newly re-elected chairman and president of Vallacar Transit Inc. (VTI) Leo Rey Yanson. Yanson made the statement during VTI’s recent stockholders meeting. VTI is one of the affiliate companies under YGBC, one of the largest transport providers in the country. The Yanson family matriarch, Olivia V. Yanson, presided over the meeting on December 2, 2023, in her dual roles as co-founder and court-appointed special administrator of the estate of her late husband Ricardo B. Yanson Sr., co-founder of…
Credit cards have become an essential tool for managing finances and conducting operations. From purchasing supplies to paying bills and even tracking expenses, credit cards offer a convenient and efficient way of handling financial transactions. However, with this convenience comes the temptation to overspend or misuse these powerful tools. As a result, many businesses find themselves in crippling debts due to mismanagement of credit card usage. In this blog post, we will discuss six crucial tips that can help you use credit cards wisely in your business operations. Whether you are a small start-up or an established corporation, these tips…
LiveIn, a prominent Southeast Asian provider of affordable long-stay rental solutions, announced that it has secured $8.3 million in pre-Series B funding. The investment round was led by Wavemaker Partners and InterVest, with notable participation from Malaysia Debt Ventures Berhad (MDV), Jungle Ventures, and CAC Capital. This funding round underscores the investors’ strong confidence in LiveIn’s growth trajectory and innovative approach. The capital will be instrumental in accelerating LiveIn’s expansion into key cities across Southeast Asia, enhancing its position in the market. Founded by Keek Wen Khai and Joey Lim, LiveIn, based in Malaysia, has made a name for itself…
January 18, 2024 is a red-letter day for wellness and skincare enthusiasts, as the new state-of-the-art skin center Hydra will open its doors to the public in Bonifacio Global City, Taguig. Located on the third floor of SM Aura shopping mall, Hydra is more than just a spa and aesthetic clinic; it’s a sanctuary for self-care and holistic well-being. “We believe that true beauty starts from within and radiates outward,” said Hydra in a statement. “Our clinic offers a range of luxurious treatments that nourish not only your skin but also your mind, body, and spirit.” Clients can immerse themselves…
With time, online photo editors evolved themselves with the latest technology and started competing with manual software. An online photo editor like CapCut empowers its users to edit like crazy without having any technical expertise in the field of editing. Through free designs it allows people to create a massive piece of art that will attract people to stop and praise. In this article, we will learn about the different tools that an online photo editor offers. Edit Like Professionals in an Online Photo Editor An online photo editor provides an equal opportunity for beginners to perform the same editing…
When it comes to investing, many people tend to be drawn towards flashy and volatile stocks that promise quick returns. However, there is much to be said for taking a more conservative approach such as looking into blue chip stocks. Blue chip companies have proven their excellence by staying strong through various market trends and conditions over time. Not only are they relatively low-risk investments with the potential for steady growth, but they also provide investors with peace of mind knowing that they have backing from some of the most reliable corporations in the world. In this blog post, we’ll…