Chow Tai Fook rises after company declares surprise dividend

The stock climbed 6 percent to HKD6.23 by the close of trading yesterday in Hong Kong, the biggest advance since January 2014. The benchmark Hang Seng Index lost 0.4 percent. The company

Philippines to probe accidents involving Mitsubishi vehicles

The Trade Department formed a panel that will conduct the probe and recommend actions including a possible product recall or sales ban, if warranted, according to a copy of an

Corporate bits | Eco-friendly Christmas at Grand Hyatt Macau

hotel will see a collection of Christmas trees rising from the fountain at the entrance, inside the lobby and throughout the hotel. The ambience sets the scene for year-end celebrations,

Xiaomi’s USD45b valuation seen ‘unfeasible’ as growth cools

Now the high-flying smartphone maker is stumbling. Founder Lei Jun’s latest business, one of China’s most exciting startup stories of the past few years, is likely to miss its own

MGM Resorts, Las Vegas Sands wager on Georgia to lift fortunes

MGM Resorts International expects to find out any day whether its investment in 16 lobbyists to push legalized gambling into Georgia might pay off. MGM Resorts, Las Vegas Sands Corp. and

Corporate Bits | 5th Macau shopping festival at sands shoppes

Luxury travel retailer DFS Group (DFS) will launch the seventh annual DFS Masters of Time exhibition on December 5, with a gala event at T Galleria by DFS, Macau in

Audi evolves from Chinese bureaucrat’s ride to women’s favorite

“Audi drivers are the progressive, white-collar workers and it’s an image I identify with,” said the 32-year-old furniture designer, who’s deciding between an A4L sedan and the Q5 SUV. “I

Pfizer, Allergan USD160b deal forms world’s largest drugmaker

Pfizer and Allergan are joining in the biggest buyout of the year, a USD160 billion stock deal that will create the world’s largest drugmaker. It’s also the largest so-called inversion, where

Pfizer, Allergan USD160b deal forms world’s largest drugmaker

Pfizer and Allergan are joining in the biggest buyout of the year, a USD160 billion stock deal that will create the world’s largest drugmaker. It’s also the largest so-called inversion, where

Alibaba’s Jack Ma said to be in discussions to buy SCMP stake

Alibaba Group Holding Ltd.’s founder Jack Ma is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post, according to people familiar with the matter, in what

Corporate Bits | MGM China gives Hotel tour and career development talk to UMAC students

MGM Macau’s Human Resources Learning and Talent Development team made an introduction of the company before proceeding to the hotel tour. In addition, the five scholarship recipients presented a Thank

China cracks USD64b ‘underground bank’ moving money abroad

China said it cracked the nation’s biggest “underground bank,” which handled 410 billion yuan (USD64 billion) of illegal foreign-exchange transactions, as the authorities try to combat corruption and rein in

Corporate Bits | Melco secures four limited edition cognacs

Two of the bottles will be on display at the two Michelin-starred restaurants Jade Dragon and The Tasting Room at City of Dreams, and the remaining two bottles will be

Corporate Bits | Chateau Mont-Redon wine pairing dinner at Copa Steakhouse

The dinner will give wine lovers a chance to experience wines that are not normally available in Macau. Two of the wines available at the wine paring dinner are Chateau

Chinese financial reforms collide with ‘too big to fail’

Chinese leaders’ ambition to use market forces to make the state-dominated financial system more efficient is colliding with their version of “too big to fail.” The latest reform target is China’s

Real Estate Matters | Common misconceptions about renting a property in Macau (Part 1 of 6)

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

Ding brothers contest Shanghai Citi Group Building ownership in Macau trial

Those who have been to Shanghai, and particularly the Bund, will remember a building on the other side of the river (Pudong), with a giant screen – The Citi Group

Fear spreads as China’s finance firms face arrests

The high-drama highway arrest of a prominent hedge fund manager. Seizures of computers and phones at Chinese mutual funds. The investigations of the president of Citic Securities Co. and at

Corporate Bits | Sheraton Macao launches festive “Culinary Journey” in December

The Palms lobby lounge will be offering festive afternoon high tea sets throughout the period. Classics will include homemade mince pies with brandy butter, and éclairs with gingerbread spice and

Apple Pay expands as it vies for broader acceptance

Apple’s year-old mobile-payments service is expanding to more countries, banks and merchants, as it faces growing competition and some challenges before it becomes as commonplace as plastic cards. Apple Pay was

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