Corporate Bits | Sands Cares Ambassadors distribute donation of anti-virus products

Sands Cares Ambassadors recently helped to deliver 4,800 bottles of hand sanitizer, 30,000 pairs of medical gloves and 2,000 shower caps donated by Sands China to local community organizations, as

Jack Ma steps up battle with WeChat to win merchants

Alipay, the mobile payment app owned by billionaire Jack Ma, is stepping up its competition with WeChat to get more of its 900 million users to

Vietnam buying $3 billion in US farm goods to ease Trump tariff threats

Vietnam, looking to allay the Trump administration’s wrath over its soaring trade surplus with the U.S., is committing to buy $3 billion in farm products from Nebraska.

iPhone maker expects return to normal in China by end-March

Hon Hai Precision Industry Co., Apple Inc.’s most important manufacturing partner, expects its Chinese plants to begin operating normally by the end of March after resolving severe

World economy may shrink because of virus, watchdog says

A global agency says the spreading new virus could make the world economy shrink this quarter for the first time since the international financial crisis

Euro hopeful flags laundering concern in wide banking probe

Romania’s central bank has launched a probe over alleged money laundering after questionable transactions at half of the euro aspirant’s commercial lenders raised suspicions from outside the country. The central bank

Corporate Bits | Sands China donates MOP1.65 million to 33 elderly and rehab centers

Casino operator Sands China is donating MOP1.65 million to 33 elderly centers and rehabilitation centers identified by the Social Welfare Bureau to assist them in taking measures to combat the

Bob Iger hands Disney’s reins to parks chief in surprise succession

Bob Iger abruptly stepped aside as Walt Disney Co.’s chief executive officer, handing the reins to theme-parks head Bob Chapek after years of speculation over who would succeed the longtime

Hong Kong | Cash, tax cuts on the table in recession budget

As the Hong Kong government posts its first deficit in more than 15 years, all eyes will be on financial secretary Paul Chan’s budget release today and how he’ll tap

One of China’s biggest bubble tea chains seeks $400 million US IPO

Naixue’s Tea, one of the biggest bubble tea chains in China, is considering an initial public offering in the U.S. that could raise as much as $400 million (MOP3.21 billion),

Central banker who declared inflation dead now battling it

Even in a world where more than a decade of ultra-low interest rates has largely failed to ignite prices, there’s still room for a surprise - as one Hungarian central

Corporate Bits | Melco collaborates with community partners on relief efforts

Melco Resorts & Entertainment is donating MOP3 million to its long-term community partner, the Women's General Association of Macau, for the purchase of surgical facemasks to help reduce the risk

Corporate Bits | MGM to launch cleaning program for SMEs to kickstart business

Casino operator MGM China is launching a new program to engage a local small or medium-sized business (SME) cleaning company to carry out cleaning and sterilizing work for other SMEs

Job offers delayed in Asia’s financial hubs in virus fallout

Financial firms operating in Singapore and Hong Kong are delaying hiring as the coronavirus outbreak disrupts their businesses. Both domestic and foreign institutions have slowed recruitment, according to headhunters in the

Virus cuts China’s carbon emissions by 100 million metric tons

  One of the deadliest epidemics in decades has dented energy demand and industrial output in China, cutting carbon dioxide emissions by about 100 million metric tons—close to what Chile emits

Thai hotel developer says bookings starting to recover

The hotel development unit of Thailand’s richest man said room bookings have started to recover from the disruption caused by the novel coronavirus outbreak. The spread of the disease impacted some

MGM China donates 500,000 surgical masks

MGM China has donated 500,000 surgical masks to the Macau SAR government to support their anti- epidemic initiatives, the gaming operator announced in a statement. The company said that it is monitoring the

HSBC cuts headcount by 35,000 in deep overhaul

HSBC will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global

Corporate Bits | Galaxy announces donation of 1 million masks to Macau, Zhuhai

Casino operator Galaxy Entertainment Group has announced the donation of 1 million masks to the Macau SAR government, Zhuhai City government, and Hengqin New Area government in support of the

HSBC braces for huge overhaul as Quinn’s future in balance

From its headquarters near the Thames to its Asian hub by the South China Sea, HSBC Holdings Plc is abuzz. Trading desks and back offices are bracing for scenarios that could

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