Sinopec’s profit climbs on wider crude-processing margin

Net income rose to 32.5 billion yuan (USD5.3 billion), or 0.28 yuan a share, 30.3 billion yuan, or 0.25 yuan, a year earlier, the Beijing-based company, known as Sinopec, said

Vegas’ storied Sahara casino reborn, transformed

That’s no mirage. The Las Vegas Strip has a new casino in business on the foundations of the old Sahara. A USD415 million pleasure palace called the SLS Las Vegas — short for

IBM sets aside rivalry to partner with China’s Inspur

IBM formed a partnership with Inspur Group Ltd. after the Chinese company tried to lure away customers with its “IBM to Inspur” marketing campaign. IBM’s database and WebSphere software will be

Corporate Bits | CESL Asia’s Kid’s movie day animates 80 local children’s summer

The fourth ‘Kid’s Movie Day’ was to benefit less fortunate kids from the Cradle of Hope Association, Caritas Family Services, ECF Macau Fellowship Orphanage, ‘Mong-Ha’ Children and Youth Home and

ASK THE VET |10 common types of injuries that cause dog limping

Soft Tissue Injury This is the most common cause of limping for dogs. They include sprains, muscle pulls, and similar minor traumas. They are not serious, and can be successfully treated

ENERGY | Coal gas boom in China holds climate change risks

By Jack Chang, Hexigten Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds

PHOTO SHOP | Stallone and Schwarzenegger light up The Expendables 3 movie screening

  Friday night shone as Hollywood’s legendary action stars Sylvester Stallone and Arnold Schwarzenegger greeted a local audience at the red carpet at the Venetian Macao. Before the special screening of

State SOE managers to be replaced in reform plan

Government- appointed executives at China’s state-owned enterprises will be replaced by private-sector managers as reform of the companies gathers speed, the South China Morning Post reported. New managers at the so-called SOEs

Growth in China manufacturing weakens in August 

The preliminary version of HSBC’s manufacturing index, released yesterday, fell to a three-month low of 50.3 from 51.7 in July, indicating that manufacturing businesses are barely growing. The index, based on

Corporate Bits | I want music “cool” concert takes the stage at Venetian Macao

I Want Music “COOL” concert kicked off in Shenzhen in March and attracted a sellout crowd. Featuring Leehom Wang and Bii from Taiwan; Wei Chen, Hu Xia, Chopsticks Brothers -

Real Estate Matters:The 20 Biggest Property Investment Mistakes

Juliet Risdon is a Director of JML Property and a property investor. Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for

China levies record antitrust fine on Japanese firms

Total fines amounted to 1.24 billion yuan (USD200 million), the National Development and Reform Commission, China’s main economic planner, said on its website. Sumitomo Electric Industries Ltd. drew the heaviest

Corporate Bits | Chef’s signature dishes from Made in China, Grand Hyatt Beijing

A special promotion is on at Grand Hyatt Macau’s Beijing Kitchen from now until 7 Sep. Beijing Kitchen is one of only a few restaurants in the city specializing in

Japan’s NSK fined by China in anti-monopoly case

A Japanese auto parts supplier, NSK Ltd., said yesterday it was fined USD28.2 million by Chinese anti-monopoly regulators in an unfolding probe of the industry. In a statement, Tokyo-based NSK gave

Xi promises to rein in executive pay 

China’s president has promised to rein in “unreasonably high” pay for executives at state companies in an apparent effort to mollify public frustration at the wealth of government-owned industry. President Xi Jinping’s announcement,

Li Ka-shing says HK needs to overcome democracy divide

Vinicy Chan and Dominic Lau Li Ka-shing, Asia’s richest man, said Hong Kong needs to overcome a divide over the election of its leader in 2017, as activist groups took to

Corporate Bits | Asian premiere of ‘Taboo X Miriam Yeung’ music video

Yesterday, Miriam attended the Asian premiere of the Red Hot Taboo music video at City of Dreams Macau. During the premiere, Mr. Chu Ming-yui, General Manager of Music, Entertainment and

Volvo plans safety-first SUV in revamp under mainland owner

Volvo Car Group is designing its first model under the ownership of Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. with an emphasis on automotive safety to revive worldwide