The Art of Giving | Modern Philanthropy and Legacy

Physics genius Albert Einstein once said: “There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is

Macau gambling exec linked to $1 billion Cohiba cigar deal

The buyers of Imperial Brands Plc’s premium cigar business, including world-renowned Cohiba, have been shrouded in a smoky veil of secrecy. But one group of investors is being fronted by

Shanghai Disneyland reopens with anti-virus controls

Visitors in face masks streamed into Shanghai Disneyland as the theme park reopened yesterday in a high-profile step toward reviving tourism that was shut down by the coronavirus pandemic. The House

Corporate Bits | Melco mobilizes workforce to support the local community

Thousands of Melco Resorts employees will partake in a multitude of volunteering events during work hours in the coming weeks, according to a statement issued yesterday by the casino operator.

China’s MYbank plans a $282 billion lending spree amid pandemic

With China’s economy in free fall and millions of small businesses running low on cash, the online lending platform backed by billionaire Jack Ma entered crisis mode. It was mid-February, near

NetEase picks banks for Hong Kong second listing

NetEase Inc. has picked banks for its planned second listing in Hong Kong, according to people familiar with the matter, joining other Chinese technology companies in tapping the city’s stock

Hong Kong retail sinks 42% in March as China consumers vanish

Hong Kong’s retailers will need to get creative to survive the deepening recession that’s enveloped the city as tourists from the mainland who fueled past rebounds are unlikely to come

Corporate Bits | Melco unveils special summer offers for Macau residents

Melco Resorts & Entertainment is bringing special summer offers to Macau residents over the next three months. Melco has announced the return of “Melco Loves Locals” offer for Macau residents, with

Corporate Bits | Melco unveils special summer offers for Macau residents

Melco Resorts & Entertainment is bringing special summer offers to Macau residents over the next three months. Melco has announced the return of “Melco Loves Locals” offer for Macau residents, with

Battered global tourism industry makes reopening plans

Six months ago, the global tourism industry was celebrating a record year for travel. Now, it’s decimated and facing a recovery that could take years. Tourism Economics, a data and consulting

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

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