Hong Kong-Singapore stars fade with boom-to-gloom in finance

Asia’s financial-hub twins, Hong Kong and Singapore, are facing increasing brakes on growth even before potential turmoil from a Brexit vote in their ex-colonial master, with China’s slowdown and the

Markets | Chinese stocks advance most in week as traders weigh Brexit odds

China’s stocks rose the most in a week, while Hong Kong’s equities extended gains to a fourth day as traders weighed the odds of Britain staying in the European Union. The

Internet | China, US, EU pledge to tighten product safety in e-commerce

U.S., European and Chinese regulators said yesterday they will jointly enforce product safety in online commerce, and an American official said they are making progress on crafting standards for hoverboards. The

Corporate Bits | Members of society of operations engineers visit CEM

In a move to promote safe, efficient and environmentally sustainable engineering operation and professional development, Companhia de Electricidade de Macau (CEM) hosted a delegation comprising the Trustee Board members of

Corporate Bits | MGM sets up interactive booth at ‘family fun day’

Representatives of MGM China Holdings Limited were seen supporting and participating in a “Family Fun Day” activity, organized by the Women’s General Association of Macau in the afternoon of June

Uber loan program helps Vietnamese swap scooters for new Hondas

In Vietnam, where motorbikes outnumber cars by a factor of 16, Uber Technologies Inc. is helping to create a new generation of auto drivers with first-time bank loans for vehicle

LG ponders home appliance deals to speed up global expansion

LG Electronics Inc., with businesses spanning TVs to washing machines, is looking at home appliance acquisitions to fuel its global expansion and withstand a slowing smartphone market. The company will probably

Gaming | Macau remains attractive for investment

Macau’s casino table games generate nearly double the revenue of their Las Vegas counterparts despite the gaming slump that has afflicted the city, according to a report from financial services

UniCredit said to accelerate search for CEO

UniCredit SpA is accelerating its search for a successor to departing Chief Executive Officer Federico Ghizzoni and may draw up a short list as soon as this week, people with

Analysis | Depth of Hong Kong’s retail gloom is revealed in its stocks

For a measure of just how tough Hong Kong retailers have it, look at Sa Sa International Holdings Ltd. Shares of the city’s biggest cosmetics seller are down 70 percent

Corporate Bits | Thai smile to suspend Macau-Bangkok route

Regional airline Thai Smile will suspend its flights between the Macau International Airport (MIA) and the Suvarnabhumi Airport in Bangkok starting in September, due to commercial reasons. The budget airline began

Corporate Bits | HK Cantopop Andy Hui to perform at the Venetian

Hong Kong Cantopop singer Andy Hui is set to hit the stage of The Venetian’s Cotai Arena with his latest concert “Andy Hui Come On: Part Two Live 2016 Macau”

Real Estate Matters | The biggest property investment mistakes Mistakes to avoid if you buy property – Part 2

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

Transport | Chinese ride-hailing service raises USD7.3 billion

Chinese ride-hailing service Didi Chuxing, the main local competitor for Uber Technologies Ltd., said yesterday it has raised USD7.3 billion from investors, adding to intensifying rivalry in the market. Investors in

Consumer Appliances | China’s Midea tries to calm fears on bid for Germany’s Kuka

Chinese appliance maker Midea promised yesterday that German industrial robot maker Kuka will remain independent, seeking to allay fears about its takeover bid for the company. In a document outlining the

Packer to spin off assets including Melco stake

Crown Resorts Ltd. will spin off its international investments, including a USD2 billion stake in Macau casino operator Melco Crown Entertainment Ltd., as controlling shareholder James Packer seeks to shield

Corporate Bits | Sands presents the Parisian’s opening at expos

Sands Resorts Cotai Strip Macau is set to showcase The Parisian Macao and its world-class facilities and entertainment offerings at Asia’s long established and Hong Kong’s only travel fair respectively

Uber’s Chinese rival said to close funding at USD28b value

Didi Chuxing has raised USD4.5 billion in a round of funding that values it at close to $28 billion, according to people familiar with the situation, giving China’s leading ride-sharing

China’s wealthy switch to Nike and Adidas for inconspicuous consumption

For Beijing resident Alex He, the cost of a trip to the mall can easily top USD3,000. He, 29, works in the finance industry and while he doesn’t regularly go

Corporate Bits | Sands invites local ngos in support of happy family month 2016

Sands China Ltd recently invited four local NGOs to its properties to promote event information in support of the Social Welfare Bureau’s Happy Family Month 2016. Between May 26 and June

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