Lenovo drops to two-year low as sales show China weakness

Lenovo Group Ltd. fell to a two-year low in Hong Kong trading after posting first-quarter sales that trailed analyst estimates, highlighting China’s slowing economic growth. The shares dropped 9.1 percent to

Corporate Bits | Macao gaming show promotes gov’t subsidy

A range of subsidies have been introduced for Macau-based businesses with grants available towards the rental of exhibition booths, stand construction fees, basic facilities and production fees for printed materials

Hacking ring accused of making USD100m on stolen news releases

In late October 2013, Panera Bread Co., the national chain of restaurants that specializes in healthy soups and baked goods, prepared a news release to announce it was adjusting its

Corporate Bits | Mid-autumn offers at city of dreams and altira macau

Altira Macau’s signature Chinese restaurant “Ying” is also launching a special Mid-Autumn dinner menu of Chinese delicacies while allowing families to enjoy fireworks with views of the Macau Peninsula. In

New mortgage loans increase in June

June recorded MOP3.9 billion worth of new residential mortgage loans being approved by Macau banks, representing an increase of 5.7 percent month-to-month. In terms of value, the new loans to

Citigroup cuts August gaming revenue forecast to MOP19 billion

According to industry sources,  the Gross Gambling Revenue (GGR) of tables at Macau casinos reached MOP4.8 billion during the first nine days of August, Citigroup reported yesterday. The daily run rate

Taiwan receives record mainland visitor numbers in first half

Some 2.8 million people visited Taiwan from the Chinese mainland, Hong Kong and Macau in the first half of 2015, according to official data. The figure accounts for 55 percent

Google forms a new holding company, ‘Alphabet’ 

Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some — like building self-driving cars and researching ways to prolong

Corporate Bits | InvoTech Expands to Larger Offices, Adds Staff to Support International Growth

InvoTech Systems provides advanced Linen Management, Uniform and Laundry Systems that integrate the latest RFID technology to increase profitability for hotels, resorts, casino operators, sports arenas, convention centers and theme

The Grand Brighton sold to China Travel as part of USD620 million deal

The hotel company that runs The Grand Brighton hotel has been sold to Chinese-based firm HK CTS Metropark Hotels following a GBP400 million (USD620m) deal, according to reports in The

Diet Pepsi gets rid of aspartame, but will customers return?

PepsiCo says its new Diet Pepsi should be available nationally this week. In response to customer feedback, the company said earlier this year that it would replace the aspartame in

Corporate Bits | The Venetian’s Convention and Exhibition Services receive second ISO certification

ISO 9001:2008 sets out the criteria for a company’s quality management system. They include a strong customer focus, the motivation and involvement of top management, a process-driven approach, and continual

Global markets rise, led by Chinese surge on stimulus hope

Global markets turned higher yesterday after Chinese shares surged on hopes for new stimulus measures. KEEPING SCORE: France’s CAC 40 was up 0.3 percent to 5,171.76 and Germany’s DAX rose by

ExCo gives green light to Architecture, Engineering and Urban Planning committee

The Executive Council (ExCo) has concluded discussions regarding the establishment of a committee for Architecture, Engineering and Urban Planning. The committee will be in charge of the certification and registration of

Analysis: Puerto Rico’s public debt struggle 

Puerto Rico is staggering under a USD72 billion public debt load that its governor has said the U.S. territory cannot pay and must restructure. The island has missed a debt

Prada sales miss estimates as China luxury slump persists

Sales rose 4 percent to 1.82 billion euros (USD2 billion), the Milan-based luxury goods maker said Friday in a statement. Analysts predicted 1.87 billion euros, based on the median of

Corporate Bits | Largest international main event ever held in the philippines

On Friday evening, that claim became official as the Main Event’s finally tally came in at 585 entrants - making it the largest international Main Event field held in the

Corporate Bits | CEM and CSCTC to jointly hold ‘healthy eating’ induction cooking contest

By encouraging participants to design healthy and nutritious recipes, the contest aims to promote healthy eating. In addition, participants will be cooking dishes on site to experience the advantages of

More employers dangling unusual benefits to hook workers

Netflix’s decision to give its workers up to a year of paid leave after the birth or adoption of a baby is the latest example of the unusual benefits that

Real Estate Matters | The rental process for tenants part 4 – First week in your property

This is the fourth part of the five part article about the rental process for tenants. Hopefully you will have read last weeks article about the process of ‘Moving in’. So what

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