Author: 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.

Vértere Global Solutions, Inc., an all-Filipino IT workforce solutions provider, along with its direct placement arm A7 Recruitment Corporation (ARC), recently launched their specialized staffing services in Cebu City with a roadshow event titled “Revitalize Your Approach to Talent Management” held at the Seda Central Bloc on April 17, 2024. The event gathered over 70 participants from various industries, including IT, telecommunications, financial outsourcing, and more, showcasing Vértere and ARC’s expertise in hiring, training, and deploying staff. These companies offered a dynamic discussion on overcoming the talent shortage and adapting to the candidate-driven market conditions prevalent in today’s IT industry.…

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CEBU CITY, Philippines — The world’s largest book sale, Big Bad Wolf, returns to Cebu City today, April 26, 2024, promising an extensive selection of books and unique promotional deals that are set to delight bibliophiles across Cebu and nearby provinces. Running from April 26 to May 5 at SM Seaside City Cebu, the event transforms the venue into a vibrant hub for readers of all ages. This year’s book sale features a Buy-5-Get-1 promo and a chance to win up to P10,000 in vouchers, enhancing the shopping experience for attendees. Additionally, the sale includes inflatable play areas for children,…

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SM Prime Holdings, Inc. (SMPH), the leading integrated property developer in the Philippines, marks its 30th anniversary as a publicly listed company with the announcement of its highest-ever recorded income and a ₱100 billion investment for its partners, stakeholders, and communities they operate in. With eyes set on the future, SM Prime reaffirms its position as a catalyst for economic development and community advancement. During the Annual Stockholders Meeting held on April 23, 2024, SM Prime announced its highest-ever recorded income, reaching PHP40 billion in consolidated net income, marking a 33% increase from 2022. Additionally, the company’s revenues surged by…

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CEBU CITY, Philippines — The Big Bad Wolf Book Sale, acclaimed as the world’s largest book sale, is set to dazzle Cebu City once again from April 26 to May 5, 2024, at SM Seaside City Cebu. The event will offer an extensive range of books spanning multiple genres, aimed at drawing a large crowd of literature enthusiasts from the Visayas region. This year’s Big Bad Wolf event introduces enticing promotions such as the “Buy 5, Get 1 Free” deal, alongside a chance to win vouchers up to P10,000, enhancing the shopping experience for attendees. As part of the festivities,…

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In a strategic effort to enhance educational and career opportunities, SM Supermalls has partnered with AMA Computer Learning Center, formalizing their collaboration on April 16 to develop internship programs and potential job placements for students. This new partnership will facilitate comprehensive internship programs tailored by experts, aiming to prepare students with essential skills and industry-relevant experience, primarily within the Philippines’ largest retail conglomerate. As part of the agreement, AMA Computer Learning Center will promote SM’s job openings to its students and alumni, supporting a smoother transition into the workforce. This initiative, spearheaded by SM’s Human Resource Department, illustrates the company’s…

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Panglao, Bohol Mayor Boy Arcay has ordered the closure of one of the popular resorts on his island, Villa Tomasa Q (formerly Alona Kew White Beach Resort), due to an alleged lack of business permit. The closure came more than 10 days after the Business Permit Licensing Office of Panglao sent a notice to the new management of Villa Tomasa to renew their business permit for 2024. The new management has reportedly failed to comply. “Based on the foregoing factual setting, you cannot anymore blame us for not giving you the right to due process, if the LGU Panglao through…

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CEBU CITY, Philippines — Vértere Global Solutions, Inc. and its recruitment arm, A7 Recruitment Corporation (ARC), are expanding to Cebu to tap into the growing market and skilled workforce of the region. The Filipino IT workforce solutions provider is seizing the opportunity to address the increasing demand for skilled professionals in an area renowned for its thriving multinational and outsourcing industries. Vértere and ARC provide a broad spectrum of staffing services, including IT staff augmentation, consulting, managed services, and direct placement. Their services extend to recruitment process outsourcing and recruitment as a service (RAAS), aimed at enhancing the capabilities of…

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CEBU, Philippines — Quest Hotel & Conference Center Cebu celebrated the onset of the summer season with a vibrant poolside party, marking the launch of its Hello Summer and Today & Beyond campaigns. The latter initiative represents a forward-thinking approach to hospitality, underpinned by three core pillars: Human Capital, Sustainability, and Our Guests, signaling a shift towards more responsible and community-focused operations. The centerpiece of this campaign, the Today & Beyond – Go Local package, showcases Quest Hotel Cebu’s commitment to supporting local farmers and artisans. This initiative aims to foster a sustainable future for coming generations by integrating local…

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In the Philippines, gambling is a popular recreation that provides both amusement and the opportunity to profit. Nonetheless, it is imperative to adopt a conscientious and mindful mindset when engaging in wagering activities. Engaging in responsible wagering entails comprehending the probabilities, establishing personal boundaries, and exercising self-control when the enjoyment wanes. Particularly crucial is a comprehension of these principles in the Philippines, where wagering is an institutionalized culture. We will then discuss practical advice for engaging in responsible wagering. 1. The Gambling Environment in the Philippines In the Philippines, gambling is not merely a pastime. It is a dynamic component…

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SM Supermalls, the Philippines’ largest mall operator, is revolutionizing the eco-friendly driving experience by offering free Electric Vehicle Charging Stations (EVCS) across 49 locations nationwide. This initiative, part of the SM Green Movement, positions SM Supermalls as the largest network of EVCS in the country, ensuring that powering up electric vehicles (EVs) is not only convenient but also an opportunity for leisure and entertainment. While waiting for their EVs to charge, owners have a plethora of activities to choose from within the malls. They can indulge in a meal at their favorite restaurant or explore new culinary delights, ensuring a…

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As Earth Hour approaches, SM Supermalls is gearing up to dim the lights and shine a spotlight on sustainability. Celebrating its 16th year of dedication to the global initiative, SM Supermalls is calling on everyone to #GiveAnHourForEarth by participating in the Global Lights Switch Off on March 23, from 8:30 pm to 9:30 pm. This annual campaign, initiated by the World Wildlife Fund (WWF) and embraced by the Philippines since 2008, symbolizes a collective commitment to combatting climate change and promoting energy conservation. In 2024, SM Supermalls is not just turning off lights; it’s turning up the volume on eco-friendly…

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OKX Ventures, the venture capital subsidiary of the prominent Web3 technology company OKX, has officially announced a significant investment in the innovative blockchain project Taiko. This investment, part of a Series A funding round, marks a pivotal moment in the development of a decentralized, Ethereum-equivalent ZK-Rollup technology. Taiko, known for its leadership in blockchain innovation since 2022, has successfully conducted six testnets, engaging over 1.1 million unique wallets, more than 30,000 proposers, and over 14,000 provers. With a vibrant community exceeding 850,000 members on Discord and supporting over 100 live applications, Taiko is at the forefront of scaling Ethereum by…

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The Cebu Chamber of Commerce and Industry (CCCI) has named Jay Y. Yuvallos as its new President, a decision met with widespread approval from the business community. Yuvallos, a prominent figure in commerce and industry, has been at the forefront of business innovation and leadership for decades. With a career spanning over 25 years, Yuvallos has held significant positions including President of Interior Basics Export Corporation since 1994 and YZ Global Resources, Inc. since 2007. His role as a Board Director at Sun Energy Developers Asia, Inc., and his involvement as the Philippine Representative for the EAST ASIA Business Council,…

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CEBU CITY, Philippines – The Cebu City Council has officially passed a resolution requesting the Department of Transportation (DOTr) to conduct a feasibility study on establishing a railway system within the city. Authored by Councilor Rey M. Gealon, the resolution aims to explore the potential of a railway network to enhance the city’s transportation infrastructure, promote economic growth, and reduce greenhouse gas emissions. Acknowledging the vital role of efficient, effective, and secure transportation systems in achieving national prosperity and improving the quality of life for all, the resolution cites the Philippine Constitution’s mandate for the state to foster a just…

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In a harrowing incident that has drawn international attention, a U.S. couple is presumed dead following a boat hijacking in the Caribbean, according to local police authorities. The event, marking a rare occurrence of piracy in the popular tourist region, has sparked concerns over safety and security on the open seas. The couple, whose names have not been released pending notification of next of kin, were enjoying what was supposed to be a leisurely voyage across the serene waters of the Caribbean when their vessel was overtaken by unidentified assailants. Details surrounding the hijacking remain scarce, but officials have confirmed…

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Movate (formerly CSS Corp), a digital technology and customer experience (CX) services provider, has inaugurated its 3rd global delivery center in the Philippines. The new center will strengthen Movate’s regional presence and will leverage highly skilled local talent with multilingual capabilities to deliver high-touch services in the digital customer experience arena. Movate’s expansion in the Philippines is a strategic move, enabling the company to meet the rising demands of global enterprises, especially in the US and EU regions. The center will provide a range of services, including multilingual customer care, revenue acceleration, tech support, and professional services. Located in the…

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Chinabank has signed up its first ever brand ambassador, the reigning Miss Universe Philippines Michelle Marquez Dee. The collaboration was formalized on February 14, 2024 at the Chinabank head office in Makati City. The beauty queen, actress, host, athlete, and model is a fitting and inspiring representative for Chinabank. Michelle, who has won the hearts and minds of Filipinos and the world with her charisma, authenticity, and sense of purpose, is redefining contemporary Filipino culture on a global stage. Her lifelong autism acceptance and inclusivity advocacy has led her to a degree in BS Psychology and to use her platform…

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Quest Hotel Cebu has partnered with Guilang Tableya, one of Cebu’s premier chocolate artisans, to introduce “Painitan sa Puso,” a new dining concept celebrating the rich flavors of Filipino snacks, delicacies, and pastries. Starting February 22nd, guests are invited to indulge in a specially curated spread at the hotel’s Puso Bistro and Bar every Friday and Saturday from 3 PM to 5 PM. This unique partnership marries the innovative culinary talents of Puso Bistro and Bar with the traditional chocolate craftsmanship of Guilang Tableya, offering a fusion of flavors that promises to delight guests. The event is a nod to…

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Blender Bites Limited (CSE: BITE, FWB: JL4, WKN: A3DMEJ), the Canadian award-winning company known for its development and marketing of premium frozen functional food and beverages, has announced a significant retail expansion. Its flagship products, Power Berry™, Green D-Tox™, and Liquid Sunshine™ 1-Step Smoothies, have now been launched in 314 stores under the Southeastern Grocers Inc. (SEG) banner, marking a major step in the company’s U.S. market penetration. SEG, a leading omni-channel retailer in the United States and parent company to well-known grocery chains like Winn-Dixie, Harveys Supermarket, and Fresco y Más, operates an extensive network across Alabama, Florida, Georgia,…

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PanGenomic Health Inc. (CSE: NARA) (AQSE: NARA), a pioneering precision health company, has announced its plan to delist its Class A Common Shares from the Aquis Stock Exchange Growth Market (AQSE). The Vancouver-based firm cited sparse trading volume on the AQSE’s Access Market segment as the primary reason behind its decision. According to the AQSE Access Rulebook, PanGenomic Health is obligated to provide a 20-business day notice ahead of its withdrawal. Consequently, the trading of its shares on the AQSE will come to a halt at 4:30 pm UK time on March 15, 2024. However, the company’s shares will continue…

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