FiveAI Raises $2.1 Million for Autonomous Driving Technology
In a funding round led by Amadeus Capital, U.K. artificial intelligence (AI) startup FiveAI was able to raise $2.7 million to develop a system for self-driving cars that will enable …
Tesla Stocks Rise with CEO’s Teaser Tweet
An enigmatic tweet by Tesla Motors CEO Elon Musk referring to a “Top Secret Tesla Masterplan, Part 2” has sent the company’s stock rising by 4% in early trade. Musk …
Splash Corp. Backs Out of Stock Exchange
Splash Corp., a Filipino-owned manufacturer of personal care products, has announced its plan to delist from the Philippine Stock Exchange (PSE). The move will include a tender offer to acquire …
Boracay Tourist Arrivals Near 1M Mark in First Half of 2016
World renowned island paradise destination Boracay has nearly reached the 1 million mark for tourist arrivals in the first half of 2016. Tourist arrivals had an increase of 15.32 percent …
Hilsoft Inc. Opens Regional Office in Cebu and Encourages SMEs to Automate Their Business
In today’s increasingly fast-paced world, digital transformation is inevitable. There is a need to automate business processes in order to increase efficiency and at the same time cut costs. But …
Brexit to Spur ‘Asian Century’
Asian Development Bank predicts that Asia will account for over half of the world’s GDP by 2050, which analysts are calling as the beginning of the ‘Asian Century.’ China and …
AirAsia COO to Become Interim CEO
Philippines AirAsia Inc’s Board of Directors has named Dexter Comendador as its interim Chief Executive Officer (CEO) effective July 30. Comendador was an officer in the aviation industry of the …
Hotel of Asia launches Hotel 101
Joint venture company Hotel of Asia formally launched Hotel 101-Manila last July 7, 2016 in response to the demand from the lower-end segment of travel and tourism. Hotel 101 General …
China: G20 Must Lead Global Economy
At a meeting in Shanghai, China’s commerce minister Gao Hucheng called for the leadership of the G20 to reinvigorate the global economy by tackling problems such as slow trade and …
Japanese PM Shinzo Abe Sweeps Elections with Super Majority Win
An overwhelming win in the upper house elections of Japan has put Japanese Prime Minister Shinzo Abe in a favorable spot to pursue his economic plan and push for a …