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Home Business (page 21)

Business

Business News Today: Get all the Latest Business News, Market News, Asian and International Business News on the Asian Affairs.

Toni Gonzaga’s talent fee is an issue amid Shopee Philippines’ layoffs

By The Asian Affairs
September 29, 2022
in :  Business, Philippines
Toni Gonzaga's talent fee is an issue amid Shopee Philippines' layoffs

The world’s largest e-commerce platform, Shopee, is coming under fire on the internet after it teased the identity of its newest ambassador, who netizens immediately identified as Toni Gonzaga. A “face reveal” event is scheduled to take place on September 29, but Shopee has already published a teaser video of its brand ambassador. Shopee came under fire from internet users …

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Netflix is opening its own video game studio

By The Asian Affairs
September 28, 2022
in :  Business, Technology
Netflix is opening its own video game studio

It once operated as a DVD distribution company, but it has now expanded its operations to include production and streaming. It would appear that Netflix is placing its next major wager on the development of the gambling industry. According to an announcement made by Netflix on Monday, the streaming media giant will establish its first in-house video game studio in …

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Shopee Philippines’ new ambassador is Toni Gonzaga

By The Asian Affairs
September 28, 2022
in :  Business, Entertainment, Opinion, Philippines
shopee philippines' new ambassador is toni gonzaga

After Actress-host Toni Gonzaga and her husband filmmaker Paul Soriano had officially signed aboard former Senator Manny Villar’s Advanced Media Broadcasting System (AMBS) Channel 2, it would appear that Actress-host Toni Gonzaga is back to making significant waves in the endorsement arena as well. Just over two hours ago, Shopee Philippines had uploaded a short snippet with the caption “Finally …

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Philippines to ban 175 offshore gambling enterprises, deport 40,000 Chinese

By The Asian Affairs
September 27, 2022
in :  Business, China, Economy, Philippines
Philippines to ban 175 offshore gambling enterprises, deport 40,000 Chinese

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 …

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The Chinese are wealthier than Europeans now

By The Asian Affairs
September 26, 2022
in :  Business, China, Economy
The Chinese are wealthier than Europeans now

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 …

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Malaysia’s HappyFresh has shut down

By The Asian Affairs
September 23, 2022
in :  Business, Malaysia
Malaysia's HappyFresh has shut down

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 …

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Singapore is now Asia’s top finance center

By The Asian Affairs
September 23, 2022
in :  Business, Singapore
Singapore is now Asia's top finance center

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 …

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Yves Bouvier sells Singapore freeport to Chinese crypto billionaire Jihan Wu for $28.4 M

By The Asian Affairs
September 22, 2022
in :  Business, China, Singapore
Yves Bouvier sells Singapore freeport to Chinese crypto billionaire Jihan Wu for $28.4 M

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 …

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Malaysian iPhone 13 Series price drops

By The Asian Affairs
September 22, 2022
in :  Business, Malaysia, Technology
Malaysian iPhone 13 Series price drops

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 …

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President BBM rings NYSE closing bell

By The Asian Affairs
September 20, 2022
in :  Business, Economy, Philippines
President BBM rings NYSE closing bell

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 …

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