Aviation | Albania’s airport sold to a Hong Kong-based joint venture

Albania’s Tirana International Airport has been bought by Hong Kong-based China Everbright and Friedmann Pacific Asset Management. According to a statement emailed to The Associated Press yesterday by China Everbright, the

Corporate Bits | ‘Cook up a storm’ at Studio City this summer

The movie is about a dramatic contest among international Michelin-starred chefs. As a prelude to the movie, lead actors Nicholas Tse and Jung Yong Hwa teamed up with Studio City’s

Commodities | IMF expects USD500b revenue loss for Mideast oil exporters

Oil exporting countries in the Middle East lost a staggering USD390 billion in revenue due to lower oil prices last year, and should brace for even deeper losses of around

Offshore yuan falls for fourth day on bets PBOC has weaker bias

The offshore yuan headed for its longest losing streak in a month against the dollar as the central bank cut the fixing and speculation grew authorities are comfortable with greater

Corporate Bits | Sands announces Mother’s day feast

winning restaurants at Sands Macao – are offering limited-time dinner menus on May 7 and 8 in celebration of Mother’s Day. In order to show appreciation for motherhood and to

McDonald’s all-day breakfast, value deals help fuel comeback

McDonald’s Corp.’s turnaround is showing signs of gaining steam - helped by all-day breakfast, value deals and lower commodity prices - even as labor costs and other headwinds linger. The fast-food

HK rejoins developed market bourses with closing auction

Hong Kong is going to rejoin its developed market peers when it reintroduces a stock-market closing auction after a seven-year gap. Hong Kong Exchanges & Clearing Ltd. plans to start the system

Auto industry | Toyota doubling down on hybrids

Toyota Motor Corp., the dominant maker of gasoline-electric autos, will push forward with its strategy to build and sell hybrid models in China, in spite of the government’s unwillingness to

Retail | Sands’s Adelson mulls Singapore mall sale after restriction ends

The company has spoken with potential buyers, Chairman Adelson said in a conference call after Las Vegas-based Sands announced first-quarter results yesterday (Macau time). “We have been approached. We have been

Property | More Americans are expected to remodel their homes this year

A rising number of Americans are preparing to renovate their homes this year, a potential boost for the economy, according to projections released yesterday by Harvard University’s Joint Center for

Real Estate Matters | The best places to live in Macau Part 3

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

Thousands puff for legal pot at 4/20 parties throughout US

Thousands sent up a cheer and a collective plume of marijuana smoke at the stroke of 4:20 p.m. Wednesday (yesterday, Macau time) in San Francisco’s Golden Gate Park. They gathered at

Corporate Bits | Asia gaming awards nomination process now open

Asia Gaming Brief, producers of the Asia Gaming Awards in association with G2E Asia and The Innovation Group, announced that nominations are now open for each of the ten award

Mitsubishi admits to manipulating fuel test data

Mitsubishi Motors Corp. admitted to manipulating test data involving 625,000 vehicles in order to improve fuel-economy claims. The affected models include those supplied to Nissan Motor Co., which discovered the manipulation,

Malaysia Air CEO cites reasons beyond his control’ for exit

  Christoph Mueller, the chief executive of Malaysia Airlines Bhd., told his staff he was leaving the national carrier for reasons that are personal and “beyond my control,” according to a

Corporate Bits | CTM to offer Iphone SE tomorrow

The iPhone SE packs the power of an iPhone 6s into a compact aluminum design, featuring a four-inch Retina display. It is available in four metallic finishes, including rose gold.

Bill Campbell, mentor to Steve Jobs, dies

Bill Campbell, a former Ivy League football coach who became a management guru for Apple co-founder Steve Jobs and other Silicon Valley luminaries, has died. He was 75. His death on

BMW executives said to join Tencent-backed electric-car maker

A Chinese electric-vehicle company backed by Tencent Holdings Ltd. and Foxconn Technology Group has hired a team of managers from BMW AG’s i subbrand, according to people familiar with the

Corporate Bits | Sands China procures more from local smes

The long-term initiative focuses on three types of local businesses as identified in collaboration with the Macao Chamber of Commerce: small and micro companies, “Made in Macau” companies, and Macau

Internet | Alipay owner said to start IPO Process as soon as this year

Zhejiang Ant Small & Micro Financial Services Group Co. has been profitable for three years, enabling it to meet the listing requirements, and may begin the process as soon as

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