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

Sands China donates 500,000 surgical masks

Sands China Ltd. is donating 500,000 medical facemasks to the local government as part of the company’s pledge to support the SAR’s efforts to combat the novel coronavirus. Secretary for Social

GEG to extend donation to local schools

Galaxy Entertainment Group announced a subsidy scheme to assist local schools and nursery service users amid the pneumonia outbreak caused by the novel coronavirus. Initiated by the Galaxy Entertainment Group Foundation,

China outbreak to spur higher prices as farm links disrupted

China’s consumer prices rose the fastest in more than eight years last month, with the outbreak of the coronavirus and subsequent shutdowns of transport links across the country making further

Palm oil giant says blow to sales is ‘temporary’

The double-whammy to palm oil demand from a trade spat with India and the coronavirus in China is likely to prove only temporary, according to FGV Holdings Bhd., one of

Hot pot stocks slide after family gets coronavirus in HK

Chinese hot pot stocks skidded in Hong Kong yesterday, after members of the same family who shared a large dinner in January were confirmed to have the coronavirus. Xiabuxiabu Catering Management

When Chinese consumers stay home, the world’s retailers take hit

The spreading coronavirus is showing the world what happens when Chinese consumers stay away: Shopping streets empty out, stores close and sellers of everything from sneakers to fancy handbags sound

SJM donates 20 million patacas to Hubei

Casino operator Sociedade de Jogos de Macau, S.A. (SJM) has announced a donation of 20 million patacas to aid coronavirus control and relief efforts in Hubei province, including purchasing much-needed

Yum China falls after Pizza Hut lags

Yum China Holdings Inc. fell after Pizza Hut comparable sales missed analysts’ estimates and the company said the coronavirus outbreak will “materially affect” this year’s profit and sales. Same-store sales company-wide

Workers from US to Japan see rising costs eating up wage gains

If it seems like you’re working harder just to pay the bills nowadays, at least take comfort in your shared struggle: the rising costs of housing and health care and

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