Ikea names Brodin new CEO to lead Asia expansion, online growth

Ikea Group named Jesper Brodin, currently responsible for the development of the Swedish furniture retailer’s product range and supply chain, as chief executive officer after 

South Africa | Tsogo Sun gaming weakened after ouster of Finance Minister

Tsogo Sun Holdings Ltd. said its South African casino business suffered last month as the firing of Finance Minister Pravin Gordhan weakened consumer confidence, leading to

Macau: Retail sales value up 12pct

The value of retail sales during the first quarter of 2017 increased by 12 percent year-on-year to MOP16.59 billion, according to figures released by the Statistics and

Geely buys stakes in Malaysia’s Proton, Lotus

The Chinese owner of Sweden’s Volvo Cars agreed yesterday to buy 49.9 percent of Malaysian automaker Proton, gaining a platform to expand into Southeast Asia. The deal gives

Moody’s cuts China credit rating over rising debt

The Moody’s ratings agency yesterday cut China’s credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by communist leaders as they overhaul a slowing

Corporate bits | Dear Jane to perform at the Venetian

Dear Jane, who are due to perform at the Venitian Macao on July 15, found popularity on the back of albums including “100”, “XOXO”, “GAMMA”, “Yellow Fever!”

Jaguar Land Rover margin improves on demand in China, US

Jaguar Land Rover’s fourth-quarter profit margin improved from the preceding three months on strong demand for its sport utility vehicles in major markets including China and

Microsoft unveils new Surface Pro device to reverse sales drop

Microsoft Corp. unveiled a new version of its Surface Pro tablet and laptop combination device with more powerful chips and better battery life, updating an

Chinese firms wary of political risks on Xi’s Belt and Road

As the global limelight fades from President Xi Jinping’s “Belt and Road” summit, the main actors - Chinese state-owned companies - are warning about the political

Corporate bits | Sands China holds roadshows for SMEs

Two of Sands China’s Macau based small- and medium-sized suppliers held roadshows at the back-of-house areas of Sands Macao, The Venetian Macao, Sands Cotai Central and The

Rural Japan annoyed by casino plan seen favoring big cities

Tokyo, Osaka and Yokohama are emerging as likely candidates for casino resorts under the Japanese government’s new bidding framework, triggering criticism from smaller cities that say it

Under new CEO, Cathay cuts jobs in biggest revamp since ‘90s

Cathay Pacific Airways Ltd., Asia’s biggest international airline, will eliminate 600 jobs in Hong Kong as part of the biggest revamp in two decades following

World’s best casino stock is buoyed by Duterte’s China love

Melco Crown Philippines Resorts Corp. is the best-performing casino stock in the world this year. To punters playing baccarat at the company’s City of Dreams venue in

Volkswagen has fix for more cars in cheating scandal 

U.S. and California regulators approved a fix for more Volkswagen cars caught up in the company’s emissions cheating scandal, giving their owners an option to keep the

Ask the Vet | Adenocarcinoma in dogs

A denocarcinoma in dogs is one of the most common types of cancer, being the most common primary cancer of the colon, kidney and rectum. An adenocarcinoma is

Real Estate Matters | The Best Places to Live in Macau – 2017 – Part IV

Welcome back to the fourth part of our article on the most popular places to live in Macau for expatriates. Of course there will always

Singapore Air loses out as flyers swap champagne for cheap seats

Singapore Airlines Ltd., first in the world to put a double bed, mattress and duvet on a commercial plane, posted a surprise loss at its marquee

Ikea to double India sourcing to USD667 million as roll out nears

Ikea Group will double sourcing from India to 600 million euros (USD667 million) as the retailer opens its first domestic outlet next year in a nation pegged to

Corporate bits | Shoppes at Parisian awarded international shopping center 2017

Shoppes at Parisian have won the prestigious Retail & Leisure International (RLI) International Shopping Center 2017 award, according to a statement issued by Sands China. The

Tencent results top all estimates after scoring breakout hits

Tencent Holdings Ltd.’s investments in blockbuster video and gaming content are paying off - big-time. China’s largest internet company posted record quarterly sales and profit that topped all analysts’

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