Cathay drops after CEO says performance ‘below expectations’

Cathay Pacific Airways Ltd. slumped the most in three weeks after Asia’s biggest international carrier said first-half performance was “below expectations” and yields were under “intense pressure.” Shares snapped six days

London home presales slump 34pct as Brexit woes intensify tax pain

Sales of London homes under construction slumped 34 percent in the second quarter as the prospect of a vote to leave the European Union damped demand already hurt by higher

Corporate bits | Sands China, MDA hold ‘Silent Afternoon Teas’

Around 100 Sands China Care Ambassadors spent time last week at The Venetian learning about what life is like for the hard of hearing, at an event jointly organized by

Copper drops on outlook for credit tightening in China

Copper fell with most industrial metals amid speculation that credit conditions in China, the biggest user, will curb demand in the second half of the year. Nickel held last week’s

Gaming | Tsogo waits on South Africa rebound while expanding casinos

Tsogo Sun Holdings Ltd. is positioning itself for an economic rebound in South Africa as the continent’s largest gaming and hotels company upgrades casinos in its core market. While there’s enough

Auto industry | Audi’s positive prospects regarding Macau’s car market

Audi, a German car brand, is hoping for Macau’s automobile market to stabilize later this year as its sales in Hong Kong are recuperating due to an improvement in the

Corporate bits | Airport staff awarded certificates by U.S. Consul General

Terminal management services staff members Carbel Choi and Michael Iun of the Macau International Airport were awarded a “Certificate of Appreciation” by the U.S. Consulate General in Hong Kong and

Enjoy your cheap summer airfares: You’ll pay more next year

During the summer vacation season, think of a commercial airplane as a flying, broken cash machine: It spits out profit from June to September, but come autumn, the money slows. That’s

Discount jumps most since 2012 on Adama stake sale to ChemChina

Discount Investment Corp. saw the biggest gain in almost four years after entering into an accord to sell its remaining stake in Adama Agricultural Solutions Ltd., the world’s largest maker

Real Estate Matters | Is my security deposit safe? Part 1 of 3

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

China’s love for SUVs hits maker of Chairman Mao’s Red Flag limo

The maker of Chairman Mao’s Red Flag limousine is finding it tough to compete as Chinese buyers increasingly desert sedans for SUVs. FAW Car Co., a publicly traded unit of state-owned

Corporate Bits | Mandarin oriental announces new Chinese executive chef

Mandarin Oriental Macau appointed Wong Tak Wing as its new Chinese executive chef. Bringing over 22 years of expertise, the chef aims to bring the dining experience to the next level

SARs residents surge into Zhuhai’s property market

Zhuhai has made 34 land transactions in the first half of 2016 in to an enclosing area of approximately 2,303,400 square meters. This represents an increase of 24.59 percent year-on-­year.

Airbus, Boeing get a boost from Asia’s appetite for air travel

Asia’s hunger for travel gave a lift to Airbus Group SE and Boeing Co. on Day 1 of the Farnborough Air Show. Carriers in China and Vietnam ordered new planes

Corporate Bits | Venetian announces Portofino’s new senior chef

The Venetian Macao has announced the appointment of Domenico Cicchetti as Senior Chef of the award-winning Italian restaurant, Portofino. In his new role, Chef Cicchetti will lead the culinary team and

Google plans to train 2m developers for Android

Google launched a program to train 2 million developers in India for its Android platform as its fires up a race with Apple Inc. for the country’s developers to create

AMC Theatres buying Europe’s Odeon & UCI in USD1.21b deal

AMC Theatres is buying European movie theater operator Odeon & UCI Cinemas Group from private equity firm Terra Firma in a deal valued at about 921 million pounds (USD1.21 billion). AMC

Corporate Bits | Sheraton, St Regis to present ‘the wedding showcase’

Sheraton Grand Macao Hotel and The St Regis Macao are collaborating on July 23 and 24 to co-host “The Wedding Showcase”, a stunning collection of the latest couture wedding gowns

AirAsia to expand in China, seeks HK listing

AirAsia has sought to be listed on Hong Kong’s stock exchange market, following a move towards establishing a joint venture in China to help create traffic from rapidly growing secondary

Corporate Bits | CTM launched 4G+ ‘city link’ service plan

Following the 4G+ “City Link (Macau & HK)” service plan launched in March, CTM has been actively co-operating with the telecom operator in China - CMCC, so as to expand

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