Subic Bay Metropolitan Authority (SBMA) took over on Monday, Aviation Hub Asia, Inc., an aviation services company inside this premier Freeport, for failing to comply with the agency’s lease agreement. According to SBMA Chairman and Administrator Jonathan D. Tan, the SBMA Board of Directors has approved Resolution No. 23-10-0296 that pre-terminates the lease agreement of Aviation Hub Asia on October 3, 2023. The issuance of the resolution from the Board came after the company failed to settle unpaid lease rentals, comply with development commitments, and the non-submission of Performance Bond. The erring company has an outstanding obligation amounting to P19,122,335.97…
Author: Business News Asia
Business News Asia
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Digital solutions platform Globe has logged a new high in stopping websites associated with child pornography, illegal gambling, online piracy, and other malicious content, blocking a total of 404,730 sites and links in the first nine months of the year. The figure marks a substantial 45% hike in barred URLs and domains compared to the 278,555 registered in the same period last year following an upgrade of its filtering capabilities in both mobile and broadband services, underscoring Globe’s commitment to creating a safer online environment. This increase was even more pronounced in the third quarter of the year, where the…
DoubleDragon’s Dragon8 Mall in Divisoria, Manila, has recorded a weekend customer foot traffic of 67,136, with expectations of further increase in the coming days. This surge aligns with the holiday season and is projected to exceed 200,000 daily visitors following the completion of the North–South Commuter Railway (NSCR) urban rail transit project. Strategically located at the corner of Recto Avenue and Dagupan streets, Dragon8 Mall is a six-story commercial hub in Manila’s busiest district. It houses 405 tenants, including popular eateries like Jollibee and Mang Inasal. A new footbridge directly connects the mall to the upcoming Malolos-Tutuban rail line, part…
Moomoo Financial Singapore Pte. Ltd. is offering access to Level 2 market data for Singapore-listed stocks to its users, in addition to the Level 1 market data that it already provides to users. This builds on Moomoo Singapore’s strong partnership with the SGX Group to promote the use of market depth data by retail investors, as well as trading in Singapore- listed stocks. “We are delighted to offer access to Level 2 market depth data for users who are willing to participate in our campaign. As a Singapore-based digitalised brokerage, we recognise the important role we play in increasing vibrancy…
FundSpace, a leading loan aggregator dedicated to facilitating financing for businesses of all sizes, has entered into a strategic partnership with BPC Lending Inc. This move is set to revolutionize the accessibility of financial services to micro, small, and medium-sized enterprises (MSMEs) and individual borrowers across the Philippines. The collaboration marks a significant milestone for the 917Ventures startup company as it continues to broaden its suite of financial products, demonstrating its commitment to empowering economic growth and financial inclusion. With BPC Lending Inc., FundSpace can now offer tailored loan options ranging from PHP5,000 to PHP200,000, addressing the needs of small…
Allied Climate Partners (ACP), the International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS), and Temasek announced today their commitment to establish a groundbreaking green investments partnership. This ambitious initiative, unveiled at the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change, aims to address the critical climate finance gaps in Asia, particularly Southeast Asia. Faced with a daunting requirement of $1.7 trillion annually in infrastructure investments until 2030 to sustain growth and meet climate objectives, developing Asia confronts a significant hurdle: many green infrastructure projects remain marginally bankable, struggling to attract commercial…
In a remarkable achievement, Kandaya Resort has been awarded a prestigious plaque of appreciation by the Department of Tourism Central Visayas Office. This honor, a testament to the resort’s unwavering commitment to excellence, marks a significant milestone in its journey. The resort’s team, brimming with joy and gratitude, proudly displayed the plaque, symbolizing not just recognition but also their dedication to providing exceptional experiences to their guests. This accolade acknowledges their significant contributions to the flourishing tourism industry. Kandaya Resort, through this recognition, reaffirms its promise to continue crafting unforgettable experiences for its visitors. The award fuels their enthusiasm for…
A powerful earthquake with a magnitude of 6.9 struck Surigao Del Sur in the Philippines Saturday night, according to the Philippine Institute of Volcanology and Seismology (PHIVOLCS). The tremor occurred at 10:37 PM local time, with its epicenter located at 08.52°N, 126.69°E, approximately 42 km north-northeast of Hinatuan, Surigao Del Sur. The earthquake was shallow, with a depth of only 8 kilometers, which could potentially result in significant damage. High-intensity tremors were felt across various regions, with Intensity V reported in the City of Bislig in Surigao Del Sur and the City of Cabadbaran in Agusan Del Norte. Intensity V…
In a festive blend of charity and pop culture, SM Cares, in collaboration with SM Supermalls and Toy Kingdom, announced the return of their annual Christmas charity initiative, the SM Bears of Joy. This year, the campaign introduces an innovative twist with the launch of its first-ever B-POP (Bear Pop) group, named the Bear Pop Squad. The Bear Pop Squad, a group of specially designed bear idols, aims to connect with fans through relatable storytelling, reflecting the everyday experiences of their audience. This initiative is a nod to the popular K-POP and P-POP phenomena, drawing inspiration from their vibrant communities.…
Instagram is more than simply a game for a lot of individuals. It’s also a medium through which they advertise their wares or demonstrate their expertise. Instagram is used by influencers and businesses who want to expand their customer base. They hope that many people will notice what they’ve posted. The greater the number of likes a post receives, the more people will see it. It can boost their profile and ultimately their bottom line. However, gaining a sizable following is a difficult task. Picture yourself at a huge celebration. There are a lot of individuals there who are all…
International businessman Oleg Boyko’s name has been removed from a list of individuals against whom the Government of Canada previously decided to impose sanctions against Russia in connection with its invasion of Ukraine. Upon the recommendation of the Minister of Foreign Affairs of Canada, changes were made to the list of persons against whom sanctions were previously imposed. Item 731 of Part 1 of Schedule 1 to the Special Economic Measures (Russia) Regulations is repealed, the statement says. Item 731 of the Canadian sanctions list of individuals is listed as “Oleg Viktorovich Boyko, born September 28, 1964”. Due to failure…
For many cruise enthusiasts, Asia has emerged as one of the captivating destinations because of its variety of cultures, culinary wonders, and breathtaking landscapes, and it is rightly so because this continent has a perfect blend of unique cultures and cuisines that make Asia a must-visit. There are so many things that one can do and so many places that one can visit during a cruise to Asia. Here are some reasons why you need to book a cruise to Asia. Diversity in Cultures The continent of Asia houses multiple countries that differ from each other in terms of culture.…
Department of Information and Communications Technology (DICT) secretary Ivan John Uy opened the two-day Geeks On A Beach (GOAB) 2023 international conference, Thursday, November 23-24 confidently stating that the vibrant startup ecosystem in the Philippines has been promisingly growing. Uy said the ecosystem now has with more than 1,100 startups, 60 incubators and accelerators, 50 venture capitalists, and more than 200 co-working spaces nationwide that enable collaboration. “It is truly an honor to stand before you as we kick off the sixth edition of Geeks on a Beach. As we gather here, it is heartening to see that through our…
In the spirit of the holiday season, SM Supermalls, BDO Unibank, Inc. (BDO), and Remitly are joining forces to bring joy to Overseas Filipino (OFW) families through their 12th Pamaskong Handog event. This year’s celebration will be particularly special, thanks to a collaboration with Remitly, and promises to provide unforgettable experiences for BDO Kabayan and BDO Network Bank Kabayan Savings account holders. The event is set to feature amazing prizes, exclusive perks, and bonding opportunities, making it a much-anticipated occasion for OFW families. BDO’s long-time endorser, Piolo Pascual, and the new addition to the BDO family, social media influencer Small…
The Philippine startup community is abuzz with anticipation as the sixth edition of the internationally acclaimed Geeks On A Beach (GOAB) conference officially kicks off from November 22 to 24 on the idyllic Panglao Island in Bohol. This event, renowned for drawing key figures from the tech world, marks a significant conclusion to the 2023 Philippine Startup Week. Organized by GeeksPH and co-hosted with the Department of Information and Communications Technology (DICT), GOAB expects to welcome around 500 participants. These attendees include a mix of movers and shakers from the Philippine startup scene, global and national leaders, innovators, and investors.…
SUBIC BAY FREEPORT – Japanese developer partners at the Subic Techno Park (STEP) have agreed to double the dividend payments for the Subic Bay Metropolitan Authority (SBMA), which will amount to almost US$1-million. This was revealed by SBMA Chairman and Administrator Jonathan D. Tan. The consensus came about during a STEP board meeting held in Tokyo, Japan on November 17, 2023. STEP is a Joint Venture Agreement (JVA) between the SBMA, Japan International Development Organization (JAIDO) and Toyo Construction Co. Ltd. (TOYO) that was executed in April 1996. The JVA was executed for the planning, development, construction, operation and maintenance…
The highly anticipated Geeks On A Beach (GOAB) conference is ready to make a splash from November 22-24, 2023, in Panglao, Bohol. Aiming to foster partnerships and innovation in startups, tech, and design, GOAB is a pivotal event for collaboration in the Philippines and beyond. Organized by GeeksPH and the Department of Information and Communications Technology (DICT), this year’s theme, “Igniting Innovation and Collaboration,” is a testament to GOAB’s commitment to nurturing the Philippine startup ecosystem. The conference begins on November 23 with a keynote by DICT Secretary Ivan John Uy, focusing on the Philippine Startup Development Program and a…
Under Armour, a renowned brand in sports apparel, athletic shirts, shoes, and accessories, has expanded its presence in the Philippines by opening the largest store in the Visayas at SM City Cebu. This new flagship store, located in the heart of Cebu City, marks a significant milestone for the brand and sports enthusiasts in the region. The store, situated at the Upper Ground Level of the Main Mall in SM City Cebu, is the only exclusive Under Armour brand store in Cebu, known as the Queen City of the South. This opening not only brings a wide range of high-quality…
Cebu City – Disney’s latest animation venture, “Wish,” celebrated its debut in Cebu with a special advance screening at SM Seaside City Cebu’s Large Screen Cinema on November 19. This event marks a significant milestone, commemorating the 100th anniversary of Walt Disney Studios. A selected assembly of Cebuano personalities, including well-known bloggers, media figures, content creators, and influencers, were present to witness the first showing of this highly anticipated movie. “Wish” is an action-adventure animation that delves into the story of Asha, a keen and idealistic character, whose intense wish summons a cosmic force named Star, depicted as a little…
Pursuing higher education is a big life-changing step. If you have an eye for detail, a knack for organization, and passion for bringing ideas to life, then a postgraduate in project management might open the door to endless possibilities. There’s a growing interest for skilled project managers as the professional landscape continues to rapidly evolve. If you are a fresh graduate or a well-established professional, the following six reasons for a postgraduate degree could be your game changer. 1. Boost Your Career Advancing your project management education is one way of improving your job chances. Many companies are looking for…