China moves to shore up slowing growth

  In a step to shore up slowing economic growth, China freed up more money for lending yesterday by cutting the amount its banks are required to hold in reserve. The move

Asset manager with USD40 billion can ignore ‘financial Armageddon’

  The man in charge of bond investment at Norway’s biggest bank says monetary stimulus will save the world, for now. Next month, the European Central Bank may step in to rescue

Corporate Bits | Properties at Sands resorts ranked in Destinasian

DestinAsian, a travel and lifestyle magazine, announced the winners of its 2016 Readers’ Choice Awards in Bangkok. The Venetian Macao was ranked first in the “Best Hotels in Macau” category, followed

Corporate Bits | Sands resorts held sales excellence awards

A total of 13 sales and marketing awards were presented to trade partners in the leisure and MICE industries in recognition of their efforts. GZL International Travel Service Ltd took

S Korea grants casino license to Mohegan-KCC consortium

South Korea has chosen a consortium led by U.S. tribal casino operator Mohegan Sun as the winner of an integrated resort project, allowing one additional casino in Yeongjong’s western gateway

Las Vegas gaming revenue drops

According to the state’s Gaming Control Board report, Nevada’s non-restricted gaming licensees reported a total “gaming win” of USD925 million in January, a 2.8 percent year- on-year decrease. More than USD530 million

Car sales decline 30 percent in Macau

Tse, who is president of the Macau Motor Traders Association, said that the new car tax policies encouraged customers to buy vehicles before the implementation of the new regulations at

Finance officials promise to shore up sagging growth

Finance officials of the world’s biggest economies promised Saturday to use “all tools” to shore up sagging global growth and to avoid devaluing their currencies to boost exports, but made

Hong Kong Airlines launches direct flight to Cambodia

A passenger aircraft of China’s Hong Kong Airlines touched down at Phnom Penh international airport on Saturday afternoon, marking its start of thrice-weekly flight service to the Cambodian capital. The Airbus

Real Estate Matters | The Challenges Facing Macau What is it going to take to restore confidence?

Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for owners and investors, and providing attractive and comfortable homes for tenants. Anyone

China facing pressure to reassure on economy at G-20 meeting

China faces pressure to reassure nervous world markets about its economic and currency management at today’s gathering in Shanghai of finance ministers and central bankers from the United States, Europe

Corporate Bits | Sands China volunteers reached out to elderly

The Care Ambassadors began by receiving an introduction to the Clean the World recycling program and its partnership with Sands China and parent company Las Vegas Sands Corp. (LVS). Clean

Corporate Bits | Venetian Macao included in forbes travel guide list

The Venetian Macao is one of the instantly recognizable properties on the Cotai Strip, attracting millions of visitors every year. The resort boasts over 650 duty-free shops, the 15,000-seat Cotai

Guangdong plans to include new industries in Carbon Exchange

China Emissions Exchange, which overseas carbon trading in every part of the province except the city of Shenzhen, has finished looking at the greenhouse gas emissions of six industries including

WuXi said to tap banks for spinoff of USD1.5 billion biologics arm

WuXi PharmaTech (Cayman) Inc., China’s biggest contract medical researcher, has picked banks for an initial public offering of its biologics unit that could value the business at about USD1.5 billion, people with

Scientists find cause of Takata air bag explosions

  Scientists hired by the auto industry have determined that multiple factors — including moisture and high humidity — can cause some Takata air bags to inflate with too much force and

Corporate Bits | Multiple forbes awards for Melco Crown

“The company once again succeeded in leading the luxury travel ratings across Macau by holding eight Forbes Five Star Awards and one Four-Star Award, making these two properties the places to

Aviation | Qantas reports half-year profit trebled to USD497 million

The Australian airline’s net profit for the six months through December was up 239 percent on AU$203 million for the previous corresponding half year, boosted by the AU$448 million saved

US: Rent prices are still climbing, just not as fast as before

Home rental price growth slowed down in January — as even sizzling markets such as the San Francisco Bay Area, Denver and Portland are cooling. Real estate data firm Zillow said

HSBC 2015 profit dips as it warns of bumpy financial outlook

HSBC warned of a “bumpier” global financial outlook thanks to China’s slowing economy, as it reported yesterday that profit dipped slightly last year. Europe’s biggest bank posted a net profit of USD13.5

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