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…
Author: Business News Asia
Business News Asia
BusinessNewsAsia.com's Editorial team is composed of experienced professional journalist and financial professionals who have an average of 10 years of experience in financial and breaking news reportage.
Read More
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…
The stars of “Penduko”, an official entry of the Metro Manila Film Festival met the Cebu media and Cebuano fans in SM Seaside City Cebu on December 19. Proud Cebuano Matteo Guidicelli together with actress Kylie Versoza answer questions from the media during the press conference held at the Large Screen Cinema of SM Seaside City Cebu. Matteo Guidicelli is very high on emotions as he portrays Philippine cinema’s legendary superhero Pedro Penduko. “It’s a movie that has great performances, great actors. It’s a very exciting film to watch. It is also something that we Filipinos can be very proud…
Subic Bay Freeport – Subic Bay Metropolitan Authority (SBMA) hailed the companies investing inside this premier Freeport for their outstanding performance this year at the Mabuhay Awards 2023 held at the Subic Bay Exhibition and Convention Center (SBECC) on Friday. SBMA Chairman and Administrator Jonathan D. Tan led the awarding ceremony as the agency handed out trophies to 20 companies who have shown exemplary and innovative accomplishments during the year 2023. The ceremony commenced with the Micro Small and Medium Enterprises (MSMEs) category with Smile Concepts Implants and Cosmetic Dentistry Clinic winning the Micro category, Consummare, Inc. for the Small…
The Cebu Chamber of Commerce and Industry (CCCI) proudly announces the appointment of Regan Rex King as the Overall Chairman of its flagship program, Cebu Business Months (CBM) 2024. This strategic move marks a significant step forward in fostering economic growth, innovation, and collaboration within Cebu’s business landscape. CBM stands as a pivotal platform aimed at inspiring, promoting, and nurturing the growth of Cebu businesses. This series of events and activities serve as a catalyst for local businesses to showcase their products and services, exchange ideas, and explore avenues for expansion. The program’s core focus revolves around the Tourism, Information…
In a show of support to local startups, leading fiber broadband provider Converge ICT Solutions Inc. provided free internet connectivity to the Geeks on A Beach (GOAB) conference, which connects emerging entrepreneurs with venture capital investors and technology, design, and innovation leaders. Co-organized by the Department of Information and Communications Technology (DICT) and the social enterprise #GeeksPH, GOAB returned this year after a five-year hiatus. Over 300 technopreneurs, startups, investors, venture capitalists, and angel sponsors gathered at the Bellevue Resort in the beach town of Panglao, Bohol. Converge Co-Founder and CEO Dennis Anthony Uy said Converge has always been supportive…
Payroll is arguably the most important aspect of running a business. However, ensuring that your organization’s finances are secure and accurate through proper payroll management can often be confusing and difficult to keep up with. That’s why we’ve created this blog post – to help demystify the world of payroll for you and teach you how to manage it like a pro. Here, you will learn 6 timeless tips for making sure all your bucks stay on point! With careful considerations regarding compliance regulations, employee compensation management systems, deduction reconciliation processes, and more – you’ll come away from this blog…
The Court of Appeals (CA) based in Cebu City reversed a Bacolod City regional trial court’s ruling and ordered the lifting of the suspension of warrant of arrest against Emily V. Yanson, former corporate secretary of Ceres Transport Inc. (CTI) for perjury and falsification of public documents. In a 34-page decision dated October 27, 2023, the CA 19th Division reversed and set aside the orders of Bacolod City RTC Branch 45 dated August 5, 2022 and October 20, 2022 respectively which suspended the warrants of arrest issued by a lower court against Emily V. Yanson. “The MTCC (Municipal Trial Court…
Biorithm, a pioneering women’s health MedTech company, has raised $3.5 million in Series A funding, co-led by Adaptive Capital Partners and SEEDS Capital, part of Enterprise Singapore. This investment marks a significant milestone in Biorithm’s mission to enhance pregnancy care globally. Focused on reducing childbirth-related mortality, Biorithm is innovating with Femom, a technology for remote monitoring of maternal and fetal health. Femom integrates patient monitoring, personalized guidance, and predictive analytics to help clinicians identify early complications. Amrish Nair, Biorithm’s CEO, expressed deep commitment to improving maternal health and preventing complications, highlighting the socio-economic challenges and technology limitations in maternal care…
CEBU, Philippines – The renowned Italian restaurant Cibo inaugurated its first branch in Cebu at SM Seaside City on December 15. This marks the popular restaurant’s debut in the Queen City of the South, bringing its unique blend of authentic and modern Italian cuisine to a new audience. Founded by the celebrated Filipino Chef Margarita Araneta Fores, Cibo’s journey began in 1997 following Fores’ extensive culinary training in Italy under the guidance of three Italian signoras. Her passion for Italian cuisine and experience in the bustling cities of Milan and Rome inspired the creation of Cibo, a modern Italian caffe-paninoteca…
Cebu’s 5th District continues to boost its air transport sector with another airport project as its representative, Cong. Vincent Franco “Duke” D. Frasco, files House Bill (HB) No. 9665, providing for the construction and establishment of Sogod Cebu International Airport. Cong. Frasco acknowledges the air transport sector as a vital enabler of economic growth and development, playing a significant role for high-value industries such as trade, manufacturing, and tourism. His HB No. 9665 seeks to establish an international airport in the Municipality of Sogod, Cebu with a vision of creating more jobs for his constituents, enhancing the tourism industry, attracting…