Sands announces MOP14.2b in local procurement

Sands China announced that its “Local Supplier Support Programme” had purchased around MOP14.2 billion worth of supplies from Macau companies in 2015. The 2015 figure represents nearly 80 percent of Sands

Japan’s Line raises price of USD1.1b IPO

Line Corp. hiked the price of its initial public offering to raise as much as 116 billion yen (USD1.1 billion), citing strong demand and market conditions. The operator of Japan’s most

Rio Tinto commits to London head office after Brexit vote

Rio Tinto Group’s new chief executive officer pledged to keep the head office of the world’s second-biggest miner in London after Britain’s vote to leave the European Union raised fears

Gaming | Duterte wants online betting stamped out

A gaming research analyst has indicated that Macau’s casinos might benefit from renewed interest soon, after newly elected president Rodrigo Duterte of the Philippines said in his first cabinet meeting

Gaming | Taj Mahal workers continue strike over health care, pensions

A strike against Atlantic City’s Trump Taj Mahal casino entered its second day Saturday with both sides appearing confident they could outwait the other and prevail in the bitter dispute that

Corporate Bits | Wynn Macau donates to holy house of mercy

Wynn Macau donated MOP 300,000 to Macau Holy House of Mercy’s (SCMM) Welfare Shop Project to finance the distribution of food hampers to 355 underprivileged families. In a bid to create

Apple sued in China over showing of war film from the 1990s

Apple is being sued by a subsidiary of China’s broadcasting regulator over a propaganda film more than 20 years old, in the latest legal wrangling for the tech giant in China in recent weeks. A

Media | Netflix to boost original series, films in and from Asia

Netflix plans to expand its Asian offerings to subscribers around the world by tapping more creators in the region, including “Snowpiercer” director Bong Joon-ho, its chief said yesterday. CEO Reed Hastings

Real Estate Matters | The biggest property investment mistakes: Mistakes to avoid if you buy property – Part 4

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 | Stomp to perform at the Venetian

World-renowned theatrical sensation STOMP, an eight-person performance group, will hit the stage at The Venetian Theatre from September 23 to October 9. Originally from the UK and created by Luke Cresswell

Brexit sends tourists flocking to London to ‘buy, buy, buy’

By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrods Stilton and Liberty scarves on the cheap. The outcome

Gaming | Jeju casino sale ‘optimal’ for junket

Iao Kun Group Holding Company (IKGH) has said that it regards its recent acquisition of South Korea’s Jeju Sun Hotel and Casino as an “optimal way to diversify outside of

Corporate Bits | Diet Pepsi with aspartame returning to shelves in US

Diet Pepsi made with aspartame is returning to shelves in the U.S., after PepsiCo saw sales plummet following its reformulation of the drink last summer to remove the artificial sweetener. PepsiCo

Singapore Air’s India unit to challenge Gulf carriers’ dominance

Within weeks of India easing aviation rules, Singapore Airlines Ltd.’s local venture is charting a course to take on carriers from the Middle East. It’s counting on a surge in

Corporate Bits | ‘Shrek the musical’ seeking local child to perform in shows

The producers of the Broadway hit show, “Shrek The Musical,” are now seeking children from Macau to play the role of a young Shrek in the performance when it arrives

Italy said to weigh USD44b banks injection as Brexit hits

Italy’s government is considering injecting capital into some lenders battered by a fresh selloff in the wake of the U.K.’s decision to leave the European Union, according to people with

Tourism | Vietnam hosts over 4.7 million tourists in first half of 2016

Vietnam has welcomed around 4.7 million tourists in the first half of 2016, an increase of 21.3 percent year-on-year, according to an announcement made yesterday by the Vietnam National Administration

Singapore property gets a prop with a whiff of Brexit

For all the damage it’s doing to a fragile global economy, Brexit might have some unintended positive consequences. Among them, perhaps, a soft landing for Singapore’s wobbly property market. With hindsight,

Corporate Bits | Wynn and ACM organize SME procurement partnership meeting

Wynn Resorts Macau is partnering with the Macau Chamber of Commerce (ACM) to organize the “2016 Second Quarter Wynn Local SME Procurement Partnership Meeting – Facilities Session” on July 11

HK stocks tumble most in four months as HSBC leads losses

Hong Kong stocks plunged on Friday, led by HSBC Holdings Plc and Standard Chartered Plc, after the U.K.’s vote to leave the European Union spurred global market turmoil. The Hang Seng

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