OCBC owns 97.52 pct of Wing Hang allowing it to delist lender

Oversea-Chinese Banking Corp. said it now owns 97.52 percent of Wing Hang Bank Ltd. as shareholders accepted its USD5 billion takeover offer, allowing the acquirer to take its Hong Kong

US companies increasingly fish for growth overseas

Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc.

Corporate Bits | Asia to host its first UFC women’s fight

Dudieva (10-3 professional MMA record, fighting out of Alagir, Russia), who will be making her UFC debut, and Phillips (4-2, fighting out of Spokane, Washington), a former Washington State Amateur

MEDIA | BSkyB to create multinational European TV network

London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. The deal could have a wider impact

Google triples deal spending to USD4.2b in 2014 first half

Google Inc. more than tripled spending on acquisitions in the first half of the year to USD4.2 billion, as the Internet company ramps up investments to expand its services. The world’s

Corporate Bits | Macau Cable TV awards 10 winners during fifa World Cup

  The duo “Alan & Hacken,” comprising Hong Kong music legend Alan Tam and Cantopop superstar Hacken Lee, played at the Cotai Arena at The Venetian Macao on Saturday. They performed

Get paid for posts? Social networking’s new twist

Facebook and most other social networks are built on the premise that just about everything should be shared — except the money those posts produce. At least two services are trying

Holy month of Ramadan is a big boon for retailers

Glitzy billboards in the Middle East and postage stamps in the U.S. Advertisements for lingerie and sales on modest skirts. Lavish buffets and cellphone apps. Ramadan, Islam’s holiest month, is a

World Views: Why I’ll soon be flying again on Malaysia Airlines

How grim can it get for Malaysia Airlines? Earlier this week the carrier announced that it’s offering no-questions-asked refunds or postponements on all tickets valid for travel in 2014 -

Wing Hang’s third-biggest investor accepts takeover by OCBC

“We’ve tendered” the entire stake Aberdeen held in Wing Hang, Hugh Young, a Singapore-based managing director at the fund management company, wrote in an e-mail yesterday without saying when the

REAL ESTATE MATTERS : How can Tenants guarantee the return of a security deposit? – Part 2

In the final part of this 2 part article, we look what steps can be taken to maximize the possibility of getting back the whole security deposit when a tenant

PROJECT POKER : Finite energy, infinite possibilities

I have recently gone on a short trip to Guernsey, which I discovered is just 20 km from France even though it is a British Crown Dependency. The weather was

Apple hints new products near with bigger IPhones looming

Apple Inc. signaled that the long wait for new products is nearing an end. With bigger-screen handsets in development, Apple said that shoppers are delaying buying new iPhones, which will weigh

Melco receives food safety accreditation for all of its hotel properties

HACCP is an international standard for food safety and hygiene requirements in the food and catering industry.  It has provided a uniform preventive production control program to ensure food safety. 

Nvidia unveils gaming tablet to show utility of chips in devices

Nvidia Corp., trying to prove the value of its chips in mobile devices by appealing to gamers, will begin selling a tablet computer under its Shield brand. The Shield Tablet, which

China’s Xiaomi targets India in push for 100m phones

In just four years, Xiaomi Corp. has evolved from startup to outselling Apple Inc. in China by offering inexpensive devices packed with high-end features. Now it’s targeting India. After using social

Corporate Bits | Lockheed Martin’s second-quarter profit beats analysts’ estimate

Lockheed Martin Corp., the largest US government contractor, has topped analysts’ estimates for its second-quarter profit and sales on the strength of its aircraft division. Net income rose 3.5 percent

Russia seeks to cut dependence on IBM, Microsoft amid sanctions

Russia’s parliament is preparing new regulations to reduce its reliance on foreign technology suppliers after the U.S. imposed sanctions against some of its largest companies, a move that could hurt

Tesco chief Philip Clarke to step down

Tesco says chief executive officer Philip Clarke will be stepping down after the latest earnings figures showed Britain’s largest retailer by revenue struggled at home. Tesco announced yesterday that Dave Lewis,

Corporate Bits | CESL Asia sponsored 2014 bocce game event

The bocce game welcomed mentally-challenged people from local special schools, sheltered workshops, caring centers and residential cares as well as their parents. Participants enjoyed the game in groups based on

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