Singapore’s MAS to engage more with banks on local hiring

Singapore’s financial regulator will step up efforts to urge banks to hire more citizens and develop a strong local leadership pipeline, according to its chief. “Protecting and growing Singaporean jobs, especially

Briefs | China traders ready for stock limits to double next week

  Stocks on China’s Nasdaq-like ChiNext board will be allowed to rise or fall 20% as of next week when the first batch of listings under revamped rules start trading. The

China’s bank regulator warns dollar is seed of crisis

China’s top banking watchdog cautioned that U.S. dollar dominance combined with the massive stimulus unleashed by the Federal Reserve could push the world to the edge of another financial crisis. In

China’s loss may be India’s gain in shifting supply chains

India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest in

Facebook says Apple in-app fees hurt businesses during Covid

Facebook Inc. joined a growing list of developers to publicly criticize Apple Inc. over its revenue-sharing policy for in-app purchases, suggesting the iPhone maker’s fee structure is hurting small businesses

Elite Thai visa program aims to lure expats seeking virus haven

Thailand’s “pay to stay” visa program for wealthy foreigners is seeing an expansion opportunity, with visions of the country becoming a haven for expats thanks to its relative success in

China’s days as world’s factory are over, iPhone maker says

A key supplier to Apple Inc. and a dozen other tech giants plans to split its supply chain between the Chinese market and the U.S., declaring that China’s time as

Cathay soars as airport transfer hopes offset bleak outlook

Cathay Pacific Airways Ltd. shares extended their double-digit rally after a Chinese state-run newspaper tweeted that Hong Kong’s airport may restart transfer flights to mainland China, a move that could

China to bring up WeChat, TikTok in next US trade talks

U.S. and Chinese negotiators plan to discuss progress of their trade deal in the coming days, with Beijing pushing to widen the agenda to include Washington’s recent crackdown on businesses

GEG Youth Achievement Program holds Air Macau crew sharing session

Through a wide range of initiatives, including co-organizing the Youth Achievement Program with the Macau Management Association for nine consecutive years, Galaxy Entertainment Group (GEG) has actively supported the development

Sands Resorts Macao receives hygiene certification from inspection agency

Sands Resorts Macao has become the first Macau-based hospitality group to receive certifications for its five properties from global certification organization Bureau Veritas. Bureau Veritas, which works with the medical advisors

Five years after devaluation, China has the yuan it wanted

Compared with the global market turmoil China’s currency devaluation in 2015 triggered, the more gentle but steady depreciation since is spurring less concern. Five years ago to the day, the central

Hong Kong bankers move to suspend accounts on US sanctions

Banks operating in Hong Kong are stepping up scrutiny of their customers and at least one U.S. bank is moving to suspend accounts to avoid running afoul of U.S. sanctions

Swedish furnishing retailer IKEA publishes 2021 catalog

Swedish furnishing retailer IKEA has released its annual product catalog for year 2021, aiming to provide customers with more inspiration and ideas. According to IKEA, the catalog is intended to help

AirAsia teams up with China’s biggest OTA Trip.com

Winner of the world’s best low-cost-carrier title, AirAsia, has recently announced its strategic partnership with China’s largest online travel agency (OTA), Trip.com, in the hope of further boosting tourism in

Nokia CEO outlines neutral stance in superpower tech wars

Nokia Oyj Chief Executive Officer Pekka Lundmark said the Finnish networks maker plans to stand clear of geopolitics as the technology industry increasingly is thrust into trade and political conflicts. Lundmark,

TikTok to sue Trump administration as soon as Tuesday

TikTok plans to file a federal lawsuit as soon as Tuesday to challenge President Donald Trump’s executive order banning the video-sharing service from the U.S. as unconstitutional, National Public Radio

Li Ka-shing’s group profit drops as pandemic slams business

CK Hutchison Holdings Ltd.’s profit fell as the Hong Kong conglomerate founded by the city’s richest tycoon Li Ka-shing saw its retail, ports and real estate businesses hurt by the

Pompeo urges cutting ties with Chinese tech companies

Secretary of State Michael Pompeo urged American companies to bar Chinese applications from their app stores, signaling that U.S. efforts to banish Chinese technology from U.S. computers and smartphones will

The Art of Giving | Modern philanthropy. Covid-19: The great leveler?

“Tax us. Immediately. Substantially. Permanently.” A group of more than 80 of the world’s richest people, who call themselves the “Millionaires for Humanity” and include Jerry Greenfield, co-founder of Ben and

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