Corporate bits | MGM announces discretionary bonus

MGM China has announced a discretionary bonus to eligible recipients in non-managerial positions, in recognition of the “dedication and commitment” of its employees in the territory. The

The Buzz | Baidu hires Microsoft expert in artificial intelligence push

Baidu Inc., which operates China’s most popular Internet search engine, said yesterday it has hired a former Microsoft executive and artificial intelligence specialist to improve its competitiveness in

S. Korea prosecutor seeks arrest of Samsung’s Jay Y. Lee

Prosecutors are seeking a warrant to arrest Samsung Group’s Jay Y. Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family

Gaming | Nevada casinos turn profit in fiscal 2016; first since 2008

Nevada’s biggest casinos combined to turn a profit in fiscal 2016 for the first time in eight years, but it wasn’t due to gambling winnings, according to

Corporate bits | Sands China holds spring-cleaning

The Sands China Care Ambassador program sent a group of over 70 volunteers to Seac Pai Van public housing in Coloane Sunday morning, where they spent time

Boeing loosens Airbus’s India grip with USD22 billion SpiceJet win

Boeing Co. won a USD22 billion deal from budget carrier SpiceJet Ltd., notching the plane maker’s largest-ever order from an Indian airline and strengthening its hold

Wanda posts first sales decline in at least 11 Years

Dalian Wanda Group Co.’s revenue fell for the first time in at least 11 years after a slump in its property business outweighed growth from entertainment

Corporate bits | CTM extends data roaming destinations

Following the launch of the “Data Roaming Passport (10 days)” service, CTM has announced 25 new destinations for the scheme. This extends coverage to 59 countries and

Ask the Vet | Cat First Aid Kit: 10 Things You Need in Your House

A cat first aid kit is a must for any pet owner, as there might be emergencies when you need to take action before getting to the vet. Get

Real Estate Matters | The Challenges Of Getting Around In Macau

In March last year we touched upon the serious challenges faced by Macau, and how these challenges will almost certainly affect property prices either directly or indirectly.

Marks & Spencer rebounds as clothing sales top estimates

Marks & Spencer Group Plc reported its best clothing sales in more than five years, delivering a confidence boost to the embattled British retailer after a

MCE appoint Crawford to the board as two others depart

Melco Crown Entertainment Ltd. (MCE) last night announced the appointment of John William Crawford as an independent non-executive director of the company with immediate effect. Crawford

Corporate bits | CTM offers promotions at CNY Shopping and Food Expo

CTM will set up a sales booth at the Lunar New Year Shopping and Food Expo, offering telecom services and products at promotional prices. The expo

Corporate bits | Sheraton Grand presents Valentine’s Day packages

Sheraton Grand Macao Hotel announced that it is offering packages for couples in search of a romantic escape over Valentine’s weekend. “A Suite Romance” package is available

Hong Kong | Moody’s says it didn’t breach rules in appeal case

Moody’s Investors Service did not breach Hong Kong’s regulatory code of conduct because it never used a 2011 report on listed companies as a credit-rating tool,

Singapore | Garena said to pick Goldman for USD1b IPO

Garena, Southeast Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering that could fetch about USD1 billion, according to

Gaming | Packer returns to Crown board as overseas plans fall apart

Billionaire James Packer is re-exerting control of his Australian casino operator that’s seen its international ambitions clipped after a Chinese clampdown put overseas revenue at

Biggest money fund bracing for more liquidity shocks

China will face more frequent liquidity shocks this year, according to the manager of the nation’s biggest money-market fund, which plans to hold extra cash to protect

Jack Ma bets USD2.6b he can revamp China’s retail industry

Alibaba Group Holding Ltd. pioneered shopping on the internet in China. Now it thinks it can teach old-school retailers a thing or two about real-world

2nd VW employee arrested over emissions scheme

The Volkswagen executive who once was in charge of complying with U.S. emissions regulations has been arrested in connection with the company’s emissions-cheating scandal, a person

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