Ortega overtakes Buffett to become world’s second-richest person

Amancio Ortega, the Spanish magnate who pioneered fast-fashion retail, passed investor Warren Buffett to become the world’s second-richest person. It’s the first time the founder of Inditex SA, the world’s largest

Corporate Bits: First GEG accelerated development program completed

The aim of ADP is to establish a promotional pathway platform for GEG team members who are ready for supervisory and management roles. The selected members participated in the Program

India’s central bank cuts key interest rate to boost growth

India’s central bank cut a key interest rate by a quarter percentage point yesterday, the third such reduction this year in support of government efforts to boost growth. The latest rate

Corporate Bits | Summer special edition cocktails at Bellini Lounge

Some of the summer specials include the Berry Red Summer made with Gin, Drambuie, Raspberries and Grapefruit Juice, while the Blue Hawaii features Rum, Blue Curacao, Coconut Cream and Pineapple

Iconic impressionist image by Manet up for sale at Sotheby’s

One of the defining images of French impressionism is up for sale, as Sotheby’s auctions Edouard Manet’s “Le Bar aux Folies-Bergere.” The auction house says the painting will be offered at

Corporate Bits | Sands China supports World Hunger Day 2015

Sands China’s support of World Hunger Day included a three-day Clean Plate Challenge May 26-28. It asked team members to reduce food waste by taking only what they would eat,

Malaysia Air begins ‘hard reset’ with fewer workers, cost cuts

Malaysia Airlines Bhd. said it’s starting a corporate revamp with a “hard reset” as it terminates about 6,000 jobs and seeks to cut costs by 20 percent to return to

KFC sues Chinese companies for online rumors about its food

Restaurant operator KFC said yesterday it filed a lawsuit against three companies in China whose social media accounts spread false claims about its food, including that its chickens have eight legs. The case

Silk Road founder gets life for creating online drug site

A San Francisco man who created the underground drug-selling website Silk Road was sentenced Friday to life in prison by a judge who cited six deaths from drugs bought on

Corporate Bits | Paradise Entertainment deploys additional terminals at Galaxy

“We are proud to have our LMG terminals be a part of the gaming product offerings at Galaxy Macau Phase 2 on its launch day. Our LMG solution not only

Corporate Bits | St. John launches new store in Galaxy Macau phase 2

Located in the shopping complex in the shopping and entertainment district, the new 839-square-foot St. John store showcases the Pre-Fall 2015 collection featuring fit and flare knits. Accessories are also

Hong Kong regulator says Hanergy under probe

Hong Kong’s markets regulator confirmed it’s investigating Hanergy Thin Film Power Group Ltd., brushing aside a denial from the chairman of the solar company that a probe was underway. “A formal

Etihad Airways profit jumps by over half to USD73 million

The government-backed airline said its earnings rose 52 percent over the $48 million it said its stand-alone airline business earned the previous year, marking its fourth year of profitability. “Our shareholder

Real Estate Matters | The most important questions to ask when you sell: 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 for

PROJECT POKER | Mixed martial arts strategy: Not just for the octagon!

Saturday nights are often simply called “fight night” in our household. Aside from enjoying the mixed martial arts, it is a good excuse to get together with friends, fire up

The Buzz | Jaguar Land Rover profit falls most in 2 years

Jaguar Land Rover became the latest casualty of a slowdown in Chinese auto demand, reporting its steepest drop in quarterly profit in two years after retail deliveries slumped in the

World Series of Poker starts this week with new events

If the World Series of Poker is lucky, the popularity of the Las Vegas championship’s newest event could cause a poker chip shortage. The annual set of 68 tournaments at the

Samsung’s Lee tightens grip on conglomerate in USD9.3b deal

Cheil Industries Inc., the de facto holding company of Samsung Group and which counts Lee as the largest shareholder, agreed to acquire Samsung C&T Corp., according to a filing Tuesday.

Corporate Bits | Sands China team members get active for World Challenge day 2015

Sanctioned by the Association For International Sport for All (TAFISA) and the Asian Sport for All Association (ASFAA), World Challenge Day is an annual event in Macau. Its aim is

Milk-peddling brothers turn airline millionaires with China IPO

Two decades ago, the Wang brothers sold flavored milk and yogurt to children in China. Last week, they sold shares in their airline in an IPO to become millionaires. Their journey

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