Corporate Bits | Chow Tai Fook full-year profit misses estimates

Profit for the year that ended March 31 decreased 40 percent to 50 percent compared to the previous year, the company said in a Hong Kong stock exchange filing yesterday,

Singapore’s prime land ‘exorbitant,’ says leading developer

Singapore’s second-­largest developer has taken a potshot at the prices of prime land in the city-state, describing them as exorbitant and predicting that they’ll only get even more expensive in

Hong Kong property market in ‘free fall’

Kyle Bass, the hedge-fund manager who’s wagering on a slowdown in China’s economy, said Hong Kong’s property market is in “free fall” and the credit expansion in Southeast Asian emerging

Corporate Bits | Melco Crown donates to holy house of mercy

Akiko Takahashi, Melco Crown Entertainment’s executive vice president and Chief Officer of HR/CSR, presented a check for MOP300,000 to Antonio Jose de Freitas, president of the Macau Holy House of

Funds | Hong Kong ETF shows global traders just don’t like city’s stocks

Whether Hong Kong stocks rally or slump, investors in the biggest U.S. exchange-traded fund tracking the equities just want out. Traders have pulled a net USD142 million from the iShares MSCI

Telecom | Hong Kong’s ‘Superman’ Li mulls plan B after O2 deal rejected

Hong Kong’s “Superman” is facing more kryptonite as he tries to expand his European mobile-phone carrier holdings. European Union regulators yesterday said they vetoed billionaire Li Ka-shing’s proposal to buy U.K.

Yuan rises from two-month low on bets PBOC backing exchange rate

China’s yuan advanced from a two-month low amid speculation the central bank is trying to ease depreciation concerns. The People’s Bank of China wants to keep the currency stable after declines

Internet | Softbank’s annual profit drops 27 percent on Sprint woes

Japanese Internet company SoftBank Group Corp., which is struggling to turn around Sprint in the U.S., reported yesterday a 27 percent drop in profit for the fiscal year ended March

Corporate Bits | Emirates: profits up amid lower oil prices

The Dubai government-owned airline said revenue, however, fell in 2015-2016 by four percent to $23.2 billion from $24.2 billion in 2014, mostly because of a stronger U.S. dollar that impacted

Panama Papers | Offshore companies data spurs anti-graft moves

The latest release of the names of thousands of offshore companies and other financial data of the rich and powerful is spurring renewed calls to counter corruption and tax evasion. Japan’s

FOREX | Dollar jump catches traders short in one more currency calamity

Just when investors thought they’d finally made a good call in the currency market, the dollar’s advance messed it up. The U.S. currency on Friday capped its best week all year

Corporate Bits | Blue man group to perform at the Venetian

The Blue Man Group “is a comedy, theatre, rock concert and dance party all rolled into one and have been performing to sellout crowds all around the world including extended

Corporate Bits | Sands China ltd recycles over 1,000 kg of waste for earth day

Sands China Ltd. marked Earth Day this year with its “Clean the Office” campaign for the second year running, recycling more than 1,000 kilograms of waste. From April 20 to 26,

China’s yuan policy a rare bright spot for Hong Kong retail

Hong Kong’s embattled retailers are finally getting a break. After mainland tourist arrivals plunged last year as policy makers devalued the yuan, foreign-exchange moves may now encourage shoppers back to

Real Estate Matters | The best places to live in Macau (Part 5)

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

Corporate Bits | Altira to celebrate ninth anniversary with sumptuous menus

The hotel has invited six multi-award- winning chefs to prepare sumptuous menus, the company noted in a statement. Chef Guillaume Galliot (The Tasting Room) and Chef Tam Kwok Fung (Jade Dragon), culinary

Japan’s Abe throws weight behind Cameron in Brexit debate

Prime Minister Shinzo Abe weighed into the Brexit debate, saying the U.K. would be “less attractive” to Japanese investors if it leaves the European Union. Japanese companies see Britain as a

Corporate Bits | The Philadelphia orchestra returns to Macau

The Macau performances are supported by the Cultural Affairs Bureau, while The Venetian Macao is the presenting sponsor for the Asia tour which will see the Orchestra perform in Beijing,

Markets | Global stocks lower on growth concern

ASIA’S DAY: Sydney’s S&P/ASX 200 fell 1.5 percent to 5,271.10 and Hong Kong’s Hang Seng index lost 0.7 percent to 20,525.83. Seoul’s Kospi shed 0.5 percent to 1,976.71 and India’s

Hong Kong bank funds said frozen for some tangled in 1MDB probe

Hong Kong bank accounts belonging to several unnamed individuals have been frozen amid global investigations into the finances of a troubled Malaysian state fund, according to people with knowledge of

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