by Ferry Bayu | Sep 21, 2023 | Business
AIA Philippines to launch new global investment product in October
AIA Philippines will launch in October 2023 a high-performing investment product that captures opportunities in the global market, a top executive said Wednesday.
AIA Philippines chief executive Kelvin Ang said in a briefing in Ortigas AIA Global Dynamic Income-Paying Fund is ideal for investors looking to maximize their savings and growth opportunities with the possibility of having additional income.
The new fund will be managed by experts from AIAIM Singapore with years of experience handling over $244 billion across different asset classes.
Ang said the fund is ideal for adventurous Filipino investors who are unafraid to take a risk for bigger rewards.
AIA Philippines said its customers have benefitted from their expertise with Elite Funds posting gross performance between 7.07 percent and 13.07 percent since 2020.
AIA Group chief investment officer Mark Konyn, whose division manages more than $300 billion in assets, said the company helps customers capture long-term opportunities.
“We make sound investment decisions based on deep bottom-up research, leveraging on out extensive resources and experience to deliver the desired outcome for the investor,” Konyn said.
He said AIA Group is repositioning its portfolio of investments over the next decade to be in line with energy transition and environmental, social and governance (ESG).
AIA is moving away from investments in coal and fossil fuel in line with its net zero emissions target by 2050.
Ang said AIA Philippines has a more ambitious net zero target by 2030, with one of its buildings—Philam Life Center Cebu—already running on 100-percent renewable energy.
He said five more AIA buildings in the Philippines would follow the lead of the Cebu facility to meet its 2030 target.
by Ferry Bayu | Sep 20, 2023 | Business
AirAsia: Deal with CFM will help expand fleet, network
AirAsia Philippines painted a rosy outlook for 2024, as its parent company Capital A and engine provider CFM International renewed their agreement, a deal that will allow the airline to double its fleet by 2024.
According to AirAsia Philippines Head of Communications and Public Affairs Steve Dailisan, the renewal of the agreement between Capital A and CFM provides a “catalyst for AirAsia to reinstate its full fleet across the Group.”
In the Philippines, this means that AirAsia will be able to double its fleet and allow it to expand its network to 45 domestic and international routes.
Currently, AirAsia Philippines has a fleet of 20 Airbus jets that serve 11 domestic destinations and 12 international destinations out of Manila, and two domestic and three international destinations from Cebu.
“The solid backing from CFM International will help us fast-track our recovery plan and expansion next year. We expect that this will also allow us to better operate our existing aircraft and the additional A321neo and A330 to service our existing and new markets here in the country and in Asean,” Dailisan said.
With the support of CFM, Capital A is tuning to reinstate its fleet of 204 aircraft and further expand it to 300 jets in the next 5 years.
Dailisan noted that the fleet expansion should be backed by the allocation of more slots, saying that this will help the government in its bid to revive the tourism sector after the pandemic.
“Furthermore, if AirAsia Philippines is provided with more slots as an opportunity to boost tourism, we are ready to facilitate stronger economic ties anchored on tourism and trade in the Philippines and beyond.”
by Ferry Bayu | Sep 20, 2023 | Business
UnionBank to offer mobile crypto trading in Q4 2023
Union Bank of the Philippines (UnionBank) users may soon get to trade Bitcoin through their mobile app as soon as the final quarter of 2023.
The Aboitiz-led bank announced on Tuesday, September 19, that it has secured a certificate of authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP). This means that it can now offer virtual asset exchange services – like trading cryptocurrency – to its customers.
The central bank defines a virtual asset as “any type of digital unit that can be digitally traded, or transferred, and can be used for payment or investment purposes.” In the Philippines, financial institutions must obtain a VASP certificate from the BSP before handling virtual assets for customers.
In the case of UnionBank, it is so far the first and only bank in the Philippines to offer virtual exchange services. Other financial institutions with the VASP license include coins.ph, Philippine Digital Asset Exchange, and Maya.
by Ferry Bayu | Sep 20, 2023 | Business
Kanada-Ya: Four Years of Delicious Ramen, Community Commitment, and Media Recognition in Singapore
Kanada-Ya, a renowned ramen chain, celebrates its four-year anniversary in Singapore with five thriving outlets. Since 2019, they’ve offered their acclaimed Tonkotsu ramen, earning a devoted following. Despite pandemic challenges, Kanada-Ya adapted, emphasizing safety measures and expanding delivery and takeout services. Committed to community engagement, they volunteer with organizations like the Lions Club and Methodist Welfare Services. Collaborating with social media influencers and garnering recognition from respected outlets like SethLui and The Smart Local, Kanada-Ya has become a culinary gem. They continue their mission to deliver exceptional ramen experiences while giving back to the community.
Kanada-Ya, a renowned name in the world of ramen, is celebrating its four-year anniversary in Singapore with pride and gratitude. Since its inception in 2019, the restaurant chain has successfully established five outlets across the island, solidifying its presence in the hearts and palates of Singaporean food enthusiasts.
A Journey of Growth and Resilience
Kanada-Ya embarked on its Singaporean journey four years ago, setting up its first outlet in PLQ Mall. Since then, the brand has continued to flourish, expanding its footprint to Marina Square, Paragon, Century Square, and Jem. Each outlet has been meticulously designed to create an authentic Japanese ramen dining experience, complete with its signature Tonkotsu ramen – a rich and flavourful broth that has garnered a devoted following.
Overcoming Obstacles Amidst a Global Pandemic
The past three years have presented unprecedented challenges to the F&B industry, and Kanada-Ya was not immune. However, the brand’s commitment to serving quality ramen remained unwavering. Kanada-Ya adapted swiftly to the changing landscape, implementing strict safety measures to protect both its customers and staff. The restaurant introduced and focused on delivery and takeout services, ensuring that ramen lovers could continue to savour their favourite dishes from the comfort of their homes.
Giving Back to the Community
Beyond serving delectable ramen, Kanada-Ya is deeply committed to giving back to the Singapore community. The restaurant has actively engaged in volunteering services with the Lions Club and Methodist Welfare Services, contributing to various charitable initiatives aimed at making a positive impact on society. Kanada-Ya believes that nurturing strong communities goes hand-in-hand with serving great food.
Spreading Brand Awareness through Social Media Influencers and Media Recognition
Kanada-Ya has embraced the digital age by collaborating with popular social media influencers. These partnerships have allowed the brand to reach a wider audience, introducing more people to the extraordinary flavours of its ramen offerings. By harnessing the power of social media, Kanada-Ya has become a household name among food enthusiasts and ramen aficionados in Singapore.
In addition to its digital presence, Kanada-Ya is honoured to have been featured in articles by reputable media outlets such as Sethlui, eatbook.sg, Daniel Food Diary, and The Smart Local. These accolades highlight the exceptional quality and popularity of Kanada-Ya’s ramen, further cementing its status as a culinary gem in Singapore.
As Kanada-Ya celebrates its four-year anniversary in Singapore, the brand continues to demonstrate resilience, community engagement, and a commitment to delivering exceptional ramen experiences. With five outlets across the island and recognition from esteemed media outlets, Kanada-Ya looks forward to delighting customers with its renowned Tonkotsu ramen for years to come.
Kanada-ya is a celebrated ramen restaurant brand that has been serving authentic Japanese Tonkotsu ramen for over four years in Singapore. With five strategically located outlets, Kanada-ya has become a beloved destination for ramen lovers, known for its rich and flavorful broth, handcrafted noodles, and commitment to community engagement.
Ma*******@*******ya.sg
+65 9229 5050
www.kanada-ya.sg
by Ferry Bayu | Sep 19, 2023 | Business
SEVENTEEN is returning to Philippines in January 2024
Korean boy group SEVENTEEN is coming back to the Philippines in 2024 to meet the Filipino Carats.
Less than a year after the group’s successful sold-out concerts, Pledis Entertainment announced on Tuesday that the 13-member Korean idol group is heading back to the country on January 13, 2024, to bring their ‘Follow’ concert tour to the Philippine Sports Stadium in Bulacan.
The Philippines is one of the three countries in Asia where SEVENTEEN will be having its concert tour.
In a post shared by Pledis Entertainment in a fan community app Weverse, the Korean performers will also perform in Thailand and Macau.
According to concert promoter Live Nation Philippines, additional details about the seat plan, purchasing guidelines, and ticket prices have yet to be announced.
“Tickets prices, seat map, and ticket purchase guidelines will be released soon,” it wrote.
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