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

Racketeering hammer gives US legal boost against Huawei

By filing a racketeering charge against Huawei Technologies Co., federal prosecutors unleashed a potent legal weapon in a multipronged and increasingly noisy U.S. campaign against the Chinese technology giant. Huawei engaged

Melco to donate MOP5 million for workers’ aid fund

Melco Resorts & Entertainment has announced a donation of 5 million patacas to assist in establishing the “Special Aid Fund for Workers in Need” in collaboration with Macao Federation of Trade Unions (FAOM),

MGM donates epidemic prevention items to local associations

MGM has donated masks, disposable caps and other necessary items to local associations to help satisfy the community’s need for epidemic prevention supplies. The donation was given to the frontline staff

North Korea | Kim Jong Un’s ski resort ambitions are melting

Masikryong Ski Resort in North Korea Climate change and the coronavirus are threatening Kim Jong Un’s ambition to ski his way out of international sanctions. The North Korean leader,

China park operator warns of cashflow woes

A Chinese national park operator risks becoming the first high-profile victim of the coronavirus outbreak in the country’s nascent asset-backed securities market, warning against a weakening ability to generate

Singapore luxury co-living comes with steep prices and no apologies

Co-living concepts are largely similar across Asia. Residents pay for a private room with a bed, and common areas like living, dining, kitchen and often bathroom, are shared. Singapore’s Figment Pte

Macao Water will waive late charges during coronavirus period

Macao Water, the city’s sole water supplier, has announced that it will not suspend water supply to users who cannot settle their water bills in a timely manner, while waiving

Singapore braces for 30% tourism drop after virus outbreak

  Singapore could see a 25% to 30% decline in tourist arrivals and spending this year because of the coronavirus outbreak, as the industry braces for a worse impact than the

Dubai’s jobs vanish at the fastest pace in a decade

  Business growth in Dubai stalled while jobs disappeared at the fastest pace in at least a decade in the latest signs of strain on the Middle East’s commercial hub. Operating conditions

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