Business

Cebu Pacific anticipates restoring “100% pre-COVID systemwide capacity” by March, but the low-cost carrier cautioned it may take many years for the tourism industry to return to previous levels. We have been cautiously hopeful for the past twenty-four months. President and chief commercial officer Xander Lao stated at a January 25 media event, “We’re extremely enthusiastic for 2023, given that …

A former overseas Filipino worker (OFW) who now operates her own events and digital marketing business has donated a one-bedroom flat to other OFWs who are seeking employment in the city. Michico Lopez Ramos, 38, stated that she is doing so because she understands what it is like to be unemployed and without family in a distant country. “I am …

The richest man in Asia is the Indian businessman Gautam Adani, whose business empire includes coal, airports, cement, and media. He is currently shaken by claims of business malfeasance and a stock market meltdown. The billionaire began the week as the third-richest person in the world, but has now fallen to seventh place on Forbes’ billionaires tracker after suffering a …

Twitter deactivated the account of white nationalist Nick Fuentes on Wednesday, January 25, only one day after a move to reinstate it drew significant condemnation. Fuentes made many antisemitic statements in a Twitter Space on Tuesday after his account was reinstated, according to Hannah Gais, a senior researcher at the Southern Poverty Law Center who tracks hate organizations. After his …

Microsoft and OpenAI jointly announced on January 23 the continuation of their artificial intelligence (AI) development relationship. In a statement, Microsoft referred to it as “the third phase of our long-term engagement with OpenAI through a multiyear, multibillion-dollar commitment to expedite AI discoveries to guarantee these benefits are widely shared throughout the globe.” Microsoft CEO Satya Nadella stated, “We developed …

On Tuesday, Swatch Group shares reached their highest point in over two and a half years after the world’s largest watchmaker predicted a rebound in luxury demand from China. The manufacturer of high-end Omega, Tissot, and Longines timepieces as well as its own mass-market plastic watches reported that January sales in China had already surpassed the high levels observed in …

According to LinkedIn, the number of jobs in Singapore that assist businesses in digitizing and expanding against economic turbulence is growing. Its most recent Professions on the Rise statistics shows surges in hiring for growth specialists, technological jobs, and health-care professionals in Asia, as well as for a variety of other occupations that are anticipated to extend hiring well beyond …

Apple wants India to account for as much as 25% of its output, up from the current range of 5%-7%, the commerce minister said at a conference on January 23 as the iPhone manufacturer continues to shift production away from China. Piyush Goyal stated, “Apple, another success story,” when promoting India as a competitive manufacturing site. “They already produce 5 …

The Supreme Court (SC) found in favor of five riders who claimed their employer, Lazada, fired them unjustly in 2017. In a decision issued on September 21, 2022, but released to the media on January 20, 2023, the Supreme Court challenged the rulings of the National Labor Relations Commission (NLRC) and the Court of Appeals, which concluded that there was …

Alphabet Inc., the parent company of Google, is eliminating around 12,000 employees due to “a changed economic reality,” according to an internal document. The company is doubling focus on artificial intelligence (AI) and eliminating personnel who support experimental initiatives. The job cutbacks impact 6% of its personnel and follow thousands of layoffs at internet heavyweights including as Amazon.com Inc, Microsoft …