Credit Suisse ‘dream’ client Luckin Coffee becomes nightmare

Before the accounting scandal and the stock crash and the defaulted loans, Luckin Coffee Ltd.’s billionaire founder Lu Zhengyao was an ideal customer for Credit Suisse Group AG. “I’ve had I

Sands China implements energy-efficient plant at Sands Cotai Central

Sands China Ltd. is now operating the first solar thermal-heat pump hybrid energy plant at its Sands Cotai Central integrated resort. The energy-efficient plant generates both heating and cooling for 2,000 hotel rooms

SJM sponsors ‘SEN Learning Programme’

Sociedade de Jogos de Macau, S.A. (SJM) has sponsored the “SEN Learning Programme” recently launched by the Macau Special Olympics (MSO), offering extra learning support to students with special education

Liquor giant Moutai sees profit gain despite virus lockdowns

Liquor giant Kweichow Moutai Co.’s buoyant first quarter earnings is the latest sign that China’s demand for luxury goods is resilient, a relief for global brands dependent on the Asian

Europe seeks safe revival of tourism before summer season

European Union nations seek to agree on a way to revive the crucial tourism industry this summer without causing new coronavirus infections to spike. “We all agreed that we should have

Anbang unit sues Mirae to complete $5.8 billion hotel deal

  An Anbang Insurance Group Co. unit sued to force South Korea’s Mirae Asset Global Investments Co. to complete its $5.8 billion purchase of a U.S. luxury hotel portfolio as the

Snapchat says app usage accelerating with people in lockdown

Snapchat’s parent company reported a jump in daily users and said it expects to keep growing as people turn to messaging apps to stay connected during the coronavirus pandemic. Shares

Analysis | The era of airline buccaneers may be ending

Aviation has always carried a whiff of the pirate ship about it. Richard Branson, founder of Virgin Atlantic Airways Ltd., likes to describe himself as an “adventurer and troublemaker,” and

Genting plans unprecedented pay cut as virus shuts casinos

Malaysia’s casino-to-hospitality conglomerate Genting Bhd. and its units are planning the first group-wide salary cut since its founding in 1965. Genting, backed by Malaysian tycoon Lim Kok Thay, is proposing as

YF Life opens all-new customer service center in Macau

YF Life Insurance International Ltd. (YF Life) is relocating its Macau Branch Office to the Finance and IT Center of Macau on Avenida Doutor Mario Soares. At the same time

MGM promotes online photo exhibition on national security to employees

In support of this year’s National Security Awareness Education Day, casino operator MGM China has recommended the “National Security Education Exhibition” - 360° Virtual Reality Exhibition, co-organized by the Macau

One restaurant’s story shows how recession spreads

Larry La never even turned the lights off for almost two decades. Now he’s had to shut the whole restaurant down. Meiwah was a local favorite in the Maryland suburb of

Corporate Bits | Grand Lapa, Grand Coloane launch special F&B offers

Grand Lapa, Macau and Grand Coloane Resort will run special offers at their properties to wrap up their mission to support the city’s fight against Covid-19. Grand Lapa will officially

ByteDance launches global hiring spree with 10,000 new jobs

ByteDance Inc. just kicked off a wave of hiring it envisions hitting 40,000 new jobs in 2020, hoping to match Alibaba’s headcount at a time technology corporations across the globe

Technology | YouTubers are the teachers now

Typically, this time of year is slow for the “Amoeba Sisters.” The YouTube channel makes animated, intricate videos about biology for over half a million subscribers, and its audience usually

Pharmaceuticals | Sanofi, Glaxo join forces to develop coronavirus vaccine

  Two of the world’s biggest vaccine makers are joining forces to tackle the coronavirus as the number of confirmed infections approaches 2 million worldwide. Sanofi will combine its experimental coronavirus vaccine

Melco donates half a million more surgical masks to local government

Gaming operator Melco Resorts & Entertainment has announced another contribution in Macau’s fight against Covid-19. In a statement issued yesterday, Melco said it has donated 500,000 surgical masks to the government

European Chamber of Commerce donates to Italy and Spain relief efforts

The Macau European Chamber of Commerce (MECC) has donated MOP40,000 to both the Italian Red Cross Cross (Associazione della Croce Rossa Italiana), and the Spanish Red Cross (Cruz Roja Española)

Corporate Bits | European Chamber of Commerce donates to Italy and Spain relief efforts

The Macau European Chamber of Commerce (MECC) has donated MOP40,000 to both the Italian Red Cross Cross (Associazione della Croce Rossa Italiana), and the Spanish Red Cross (Cruz Roja Española)

Corporate Bits | Melco donates half a million more surgical masks to local government

Gaming operator Melco Resorts & Entertainment has announced another contribution in Macau’s fight against Covid-19. In a statement issued yesterday, Melco said it has donated 500,000 surgical masks to the government

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