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

IMF signals delay on adding China to currency basket

China wants its currency, the yuan, included in a basket of currencies used in IMF operations along with the U.S. dollar, euro, British pound and Japanese yen. It was hoping

Genting Singapore shares dip as currency losses hit profit

Genting Singapore Plc fell the most in six years after the casino operator warned of a significant fall in second-quarter profit on derivative and currency losses, amid a downturn in

Corporate Bits | Grand Hyatt Macau ‘MDP’ participants complete 3-day field trip

Two groups of MDP participants from both the Chinese- and English-language courses visited sister hotels, Grand Hyatt Shenzhen, Hyatt Place Shenzhen and Grand Hyatt Guangzhou, to learn more about each

Vietnam officials sent to Macau to study special economic zones, casinos

  The Vietnamese government has reviewed a major plan to establish a special economic zone on Phu Quoc Island off mainland Kien Giang Province and has assigned the Ministry of Planning

Golden Triangle casino sets clocks to Beijing time

The Laotian section of the Golden Triangle, which intersects with Thailand and Myanmar and has long been known for producing drugs, has become a gambling destination for Chinese gamblers. According to

Corporate Bits | MGM organizes “care campaign” for third consecutive year

The third “Community Care Campaign” this year, which ran from July 20 to 31, launched a host of activities that served various underprivileged groups including the elderly, the mentally challenged,

Auto industry | BMW earnings slip on China, costs for new models

German luxury automaker BMW saw net profit slip 1 percent in the second quarter amid higher costs to bring out new vehicles and a tougher market in China, a major

Toyota’s quarterly profit up 10 pct on cheap yen, cost cuts

Toyota’s profit for April-June rose 10 percent on perks from a cheap yen and cost reduction efforts that offset lower vehicle sales. Toyota Motor Corp. had a fiscal first quarter profit

Banking | UK state raises USD3.3b from first sale of Bank of Scotland stake

The U.K. government said yesterday it sold 5.4 percent of taxpayer-owned Royal Bank of Scotland for 2.1 billion pounds (USD3.3 billion) as it begins to shed a majority stake acquired

Greek stock market reopens with 22 percent plunge

Greece’s main stock index plunged over 22 percent as it reopened yesterday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest

HSBC profit rises 10 pct, bank selling Brazil unit

Profit for the six months ending June 30 rose to $13.6 billion, or 48 cents per share, said the bank which is listed on stock exchanges in Hong Kong and

Corporate Bits | Five Sands restaurants receive wine spectator restaurant awards

“As in previous years, we are thrilled and honored to be recognized by Wine Spectator for the fourth year in a row,” said Charles Newland, senior vice president of food

Head of failed Japan-based bitcoin exchange Mt. Gox arrested

The head of the failed Japan-based bitcoin exchange Mt. Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by USD1 million, authorities said. Mark Karpeles, 30,

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