Hospitality | Hilton launches new budget hotel chain aimed at young guests

Hilton is launching a new hotel brand, focusing on budget travelers looking to spend USD75 to $90 a night. The new brand, named Tru, aims to compete with economy and midscale

Corporate Bits | MGM Macau’s Valentine’s Day feast

“Imagine a Valentine’s Day celebration with a distinctly Parisian ambience, surrounded by the warm glistening lights of Grande Praça or nestled amidst the cozy haven of luxury inside the restaurant.

Remy Cointreau sales beat estimates on China, U.S. demand

Sales rose 3.2 percent on an organic basis in the three months through December after a first-half decline, the Paris-based company said in a statement Thursday. Analysts expected a 2.3

Slow economy affects luxury watch brands

Severe declines during the 2008-2009 financial crisis have caused high-end watchmakers to change tactics and expand their range of affordable products. Demand has slowed in China, the luxury sector’s biggest growth

Ask the Vet | Warning Signs of Diabetes in Cats

Excessive Thirst Excessive thirst is among the symptoms of diabetes. This is due to the fact that the cat cannot properly assimilate the glucose after meals and there will be a high level of

Hong Kong bourse boss not fan of China’s market intervention

The head of Hong Kong’s stock exchange said yesterday that he wasn’t a fan of recent moves by Beijing to prop up sagging share prices but it won’t stop the

Macau Legend bought 3.35 million shares of its own stock this week

Hong-kong  listed Macau Legend Development has increased the pace of its share buy-backs, purchasing 39.91 million units of its own stock so far. The firm this week bought 3.35 million

Corporate Bits | CEM awards energy-saving buildings

The “Macau Energy Saving Contest” includes two categories: the Public Building Facilities Group and the Hotel Group. The contest’s seven editions have saved a total of 116.4 million kilowatt-hours (kWh)

Real Estate Matters | What Will Influence Property Prices In 2016? This three part article explores the different factors that affecting the market

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. Last

Even the ECB’s cash can’t stop investors worrying about Portugal

As bonds tumble across southern Europe, it’s beginning to look like the European Central Bank’s market stimulus never existed for Portugal. The country’s bonds have slid since an inconclusive election on

Goldman revenue tops estimates, profit falls on legal costs

Goldman Sachs Group Inc.’s fourth quarter revenue beat analysts’ estimates as fees from advising on mergers jumped 27 percent. Net income dropped 65 percent on costs to settle a mortgage

Gaming | Atlantic City bills rejected by Christie as takeover looms

  New Jersey Governor Chris Christie on Tuesday rejected legislation intended to shore up the finances of Atlantic City, a move that could hasten the state’s takeover of the struggling casino

Corporate Bits | Shell rolls out rebate program

The rebate program is available to customers using a Shell Bonus Card. In addition, the company says that purchases on Shell V-Power Nitro+ using a Shell Bonus Card will allow customers

Corporate Bits | Sands announces feasts on Valentines Day

According to a press release issued by Sands China, Portofino at The Venetian Macau promises a four-course meal that comprises of a seafood platter. The feast is finished with a

Gaming | SkyCity rises most in 15 months on upbeat earnings forecast

SkyCity Entertainment Group Ltd. rose the most in 15 months after the company said first-half earnings surged as much as 30 percent. Net income jumped to as much as NZ$71 million

Asian stocks rise after China growth within expectations

KEEPING SCORE: China’s Shanghai Composite was up 1.6 percent at 2,961.58 and Hong Kong’s Hang Seng gained 0.8 percent to 19,386.75. Australia’s S&P/ASX 200 added 0.7 percent to 4,885. Japan’s

Corporate Bits | Venetian’s CNY: “Seasons of Prosperity”

3D light and sound, spectacular illusion paintings, a CNY-themed mini model exhibition showcasing traditional festive activities, along with hand-decorated monkey sculptures will be shown to usher in the Chinese New

China expected to report slower but still strong growth

As international markets watch anxiously, China is due to release a flood of data today that are likely to show economic growth slowed in the latest quarter but still is

European shares lifted by rebound in Chinese markets

KEEPING SCORE: U.S. markets were closed for a public holiday yesterday. But Dow futures were up 0.8 percent and S&P futures gained 0.7 percent, suggesting an improvement in sentiment following

PBOC said to impose reserve ratio on offshore bank yuan accounts

The move will take effect from Jan. 25, according to four people familiar with the matter, who declined to be identified because the information isn’t public. The reserve ratio was

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