CLSA culture clash boils over as more top executives quit

The culture clash between CLSA Ltd.’s old guard and its Chinese owner may have reached a tipping point. At least four of the Hong Kong brokerage’s

Corporate Bits | Westlife to hold concert in July

Westlife is set to bring “Westlife The Twenty Tour in Macau” to The Venetian Macao’s Cotai Arena on July 27, 2019, Sands China Ltd. announced in a statement. The tour is

HNA sells historical homes in Hong Kong’s Peak

HNA Group Co.-linked parties sold a site with two historical homes in Hong Kong’s prestigious Peak area at a loss for HKD550 million (USD70 million), the Hong

Top metals bourse targets casinos, strip-club parties in cleanup bid

The organizer of the metals industry’s largest annual gathering is looking to outlaw sleazy parties at venues such as lapdancing clubs and casinos under a new

Wealthy Chinese still beating path to UK even with Brexit woes

Political gridlock and years of Brexit drama haven’t dampened demand from wealthy Chinese for U.K. investor visas. Chinese applications for Tier 1 investor visas rose

Tewoo said to sell copper at below-market rates

One of China’s top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the

Corporate Bits | MGM donates mop300,000 to charity project

MGM donated MOP300,000 to the Macau Holy House of Mercy’s Welfare Shop project, financing the distribution of food hampers to over 360 local disadvantaged households. Michelle

Europe isn’t Japan in the 1990s. You should still be worried

Europe’s sclerotic growth and political dysfunction inspire frequent comparisons with Japan’s lost decade from the mid-1990s. We’re not there yet. The region’s bout of misery

China continues gold-buying spree

China’s on a bullion- buying spree. The world’s second-largest economy expanded its gold reserves for the fourth straight month, adding to optimism that central banks globally will

Real Estate Matters | Watch out for these red flags to avoid nightmare tenants

Sam Lee is a marketing manager and property consultant at JML Property.  JML was established in 1994 and offers Investment Property & Homes. It specializes in managing

Bankruptcy run in wealthy China province spooks creditors

A series of bankruptcy filings by major private-sector bond issuers in China’s third-wealthiest province is shining a spotlight on aggressive efforts by local governments to manage unsustainable debt loads.

Fortnum & Mason launches first overseas store in HK

Fortnum & Mason Plc, the London retailer known for its Christmas gift hampers and royal warrant to supply groceries to the queen, is opening its first overseas

China soy sauce maker’s shareholders explore sale

Shareholders of Honworld Group Ltd. are exploring a sale of the Chinese soy sauce maker, which sells products under the “Lao Heng He” brand, people with

Made-in-China reactor gains favor at home, US tech falters

China’s homegrown nuclear technology is gaining favor in the battle for the nation’s next generation of reactors, according to a state-owned developer, as it seeks to move

Corporate Bits | Sands volunteers participate in green week, sports carnival

Sands Cares Ambassadors recently supported two local government initiatives: the 38th Macau Green Week – Green Walk and Tree Planting Activity and the Women’s Sports Carnival 2019, the gaming

Gaming | Sports betting revenue projection was USD11.5m. So far? $150k

Casinos in Rhode Island lost nearly USD900,000 (MOP7.28 million) on sports betting in February after winning bets for the Super Bowl and other professional sports were

Corporate Bits | MGM stops using single-use plastics

MGM has removed all single-use plastics from its restaurants and replaced them with environmentally-friendly alternatives, the gaming operator announced in a statement. Last year, MGM said that it

Technology | Huawei defies global storm with 25 percent jump in full-year earnings

Huawei Technologies Co. posted a 25 percent jump in annual profit even as the Chinese telecommunications giant faces a U.S.-led push to keep it out of next

Mystery owner auctions USD26m of wines

A wine collection of almost 17,000 bottles from a single cellar - including grand cru Burgundies and first-growth Bordeaux - is expected to bring as much as USD26 million at

Corporate bits | GEG holds interactive protocol workshop for employees

Following last month’s announcement of the Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area, Galaxy Entertainment Group (GEG) held an “International Protocol and Affairs Workshop”

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