Business

As part of a crackdown on the notoriously murky online gaming industry, the Philippines is going to stop the operations of 175 offshore gambling firms and deport approximately 40,000 Chinese workers, according to an official from the justice department who made the announcement on Monday, September 26. The industry first started up in the Philippines in 2016, and it has …

What is the richest country in the world? As a result of China’s skyrocketing economic growth, the typical Chinese citizen today has a higher standard of living than their European counterparts. When compared to the average person in Europe, an adult in China has a net worth of US$26,752 (AU$40,980), while the average person in Europe has a net worth …

The online grocery delivery business HappyFresh has revealed that it will be terminating its operations in the Malaysian market. Due to the current state of the economy, HappyFresh has decided that they are without an option but to immediately halt operations. They made this announcement on their Facebook page by posting about their “final delivery.” The grocery delivery company claims …

In a global ranking list that New York and London have kept their positions atop respectively, Hong Kong has been dethroned by Singapore as the prime financial center of Asia. Singapore now holds that title. The results of the twice-yearly Global Financial Centres Index (GFCI), which evaluates 119 cities all over the world and was published late on Thursday, showed …

Yves Bouvier, a Swiss art dealer who was previously known as “the king of the freeports,” has reportedly parted ways with his Singapore freeport to sell it to Jihan Wu, a Chinese crypto billionaire, for a price of $28.4 million. Since his detention in 2014, Bouvier has been a prominent figure in the news ever since the Russian businessman Dmitry …

It won’t be long before Apple’s freshly introduced and much awaited iPhone 14 series arrives in Malaysia. As a result of this, it is only natural for local resellers to lower the prices of previous models in order to make room for the batch of next generation devices. This is great news for customers who do not mind purchasing the …

On September 19, 2016, Philippine President Ferdinand Marcos Jr. was invited to ring the closing bell at the New York Stock Exchange (NYSE) (Tuesday, 20 September, PHL time). At four o’clock in the afternoon, the closing bell indicated that the market was closed for the day. On the bell platform with Marcos were First Lady Liza Araneta Marcos, House Speaker …

On Monday (September 19), the e-commerce behemoth Shopee announced more layoffs, the most recent in a string of actions taken in response to expanding losses and weaker sales growth. This morning, the layoffs were communicated within the company during town hall meetings with the affected employees. In response to questions regarding the layoffs that were announced on Monday, a representative …

Early on Sunday morning, a highway bus accident in the Guizhou province of southwest China claimed the lives of at least 27 individuals. According to a local media account, the bus was typically used to transport passengers to Covid quarantine facilities. According to the official Xinhua News Agency, which cited local authorities, the vehicle carrying 47 passengers overturned, and those …

Canva, an Australian firm, has been at the forefront of pushing the boundaries of how people convey information and stories ever since it was first introduced in 2013. After almost a decade, Canva is once again testing the limits of what is possible in terms of visual communication. This time, we will be taking on the legacy products of both …