‘Stealth easing’ spreads in China property as debt risks mount

Stealth easing is Nomura Holdings Inc.’s description of measures rolled out in some Chinese cities in recent months to counter a faltering property market. In one of

IMF warns of no-deal Brexit risks as UK’s time runs short

The International Monetary Fund renewed its warning about the risks to the U.K.’s economic outlook if Britain leaves the European Union without a deal. The Washington-based

Nintendo rebounds as optimistic signs emerge after a brutal year

Nintendo Co. investors, battered by slower-than-anticipated sales of the Switch and a steep share decline last year, are starting to feel optimistic again. The possibility of

Obituary | Henry Sy, billionaire who started as a shoe seller, dies at 94

Henry Sy, who became a billionaire by parlaying a shoe store into the biggest retailer in the Philippines, has died. He was 94. He died

Corporate Bits | Sands China to pay bonus by end of January

Sands China Ltd. will pay a discretionary bonus to all eligible full-time team members on January 31, the gaming operator announced in a statement. A discretionary bonus equivalent to

A peek at how Disney resort shows are made

With excitement building over a new “Star Wars” land opening later this year at Walt Disney World, as well as at its California cousin, it’s easy

Corporate Bits | Galaxy to pay bonus to team members

Galaxy Entertainment Group will be giving a 2018 discretionary bonus equivalent to one month’s salary to all eligible team members at and below senior manager level.

Property | London, NYC, HK no longer immune to housing slump

In the years since the financial crisis, global cities like London, Hong Kong and New York appeared to defy housing-market cycles, thanks to a concentration of

US | Online gambling reversal puts ‘chill’ on industry

THE U.S. Justice Department’s decision to expand a federal prohibition on internet gambling will cast a pall on the industry as businesses and state lotteries evaluate the implications

Corporate Bits | MGM offers festive menu for lunar new year

  During the Lunar New Year, the Chinese restaurants Chun in MGM Cotai and Imperial Court in MGM Macau, will offer two types of traditional “Big Bowl Feast” set between January 30 to February 17. Both

Gaming | US: Atlantic City casino revenue up, but newbies hurt others

Two reopened casinos and half a year of sports betting helped push Atlantic City’s casino revenue up 7.5 percent in 2018 to nearly USD2.86 billion, state

Huawei founder says company would not share user secrets

The founder of Huawei, in a new effort to allay Western security concerns, said yesterday that the Chinese tech giant would not comply with Chinese government requests

Cuban cigar maker eyes growing market in Macau and mainland China

Cuban premium hand-rolled cigars are becoming quite popular in China, which is considered the most important emerging market for at least one particular company. In

HK airport sees record high passenger, cargo throughput

Hong Kong International Airport (HKIA) witnessed continuous traffic growth in 2018, with the volume of passengers and cargo throughput growing 2.5 percent and 1.5 percent respectively,

Corporate Bits | Sands’ volunteers conduct spring-cleaning

In preparation for Chinese New Year, Sands Cares Ambassadors helped to clean the homes of approximately 100 elderly residents living alone at Seac Pai Van public housing in

Huawei fires sales manager who Poland charged with spying

The Chinese tech company Huawei on Saturday announced it has fired a sales director who was arrested in Poland and charged with spying for China, saying he

Ikea announces plans to open first New Zealand store

Swedish home furnishings giant Ikea announced plans on Friday to open its first New Zealand store. The company said it would build the store near the

Volkswagen sets new full-year sales record in race for No 1

German automaker Volkswagen posted another annual sales record in 2018 as new SUV models boosted deliveries and the company managed to increase its share in China

Bamboo Airways will join Vietnam’s crowded skies on January 16

Vietnam’s Bamboo Airways, after repeated delays, will start commercial flights on Jan. 16, the company said in an emailed statement. The carrier set minimum ticket

Real Estate Matters | 5 Habits of Good Landlords

There’s no such thing as landlord school. Most landlords just do a little reading online and dive right in. Which is fine – but it also means

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