Corporate Bits | Asian premiere of ‘Taboo X Miriam Yeung’ music video

Asian diva Miriam Yeung released her latest single Taboo inspired by the namesake hit show produced by Mr. Franco Dragone, the creator of ‘The House of Dancing Water’, in collaboration with City of Dreams Macau. Since its debut, the song has topped Metro Radio’s “Mandarin Hits” chart and listed as number 7 on “Music Pop” chart.
Yesterday, Miriam attended the Asian premiere of the Red Hot Taboo music video at City of Dreams Macau. During the premiere, Mr. Chu Ming-yui, General Manager of Music, Entertainment and Production came as a surprise to present the “Best Asian Female Singer” and “Outstanding On-stage Performance – Taboo by Miriam Yeung” to the diva for the Metro Radio Mandarin Hits Music Awards 2014.
Miriam said: “I am very impressed with the playful cabaret experience of Taboo tailor made by City of Dreams Macau. The show is a total sensual experience with full energy and beauty. In celebration of my 20th anniversary in showbiz, I want to push the boundaries of artistic expression, scaling new heights in both my career and life. Taboo is indeed very inspiring, it helps add new spices to my performance and brings it to an international level.”

bank of china profit growth cools as default provisions gain

Bank of China Ltd. reported its slowest profit growth since the first quarter of 2013 after bad loans rose to the highest level in more than five years and the lender set aside provisions for more soured debt.
Net income rose about 8.5 percent to 44.4 billion yuan (USD7.2 billion) in the three months ended June 30 from 40.9 billion yuan a year earlier, based on half-year figures released by the Beijing-based company yesterday.
Bank of China more than doubled provisions for potential bad debt to 12.7 billion yuan in the second quarter from a year earlier as the economy cooled and the property market slumped. Already trading at the cheapest price-to-earnings valuations of global banks, state-run lenders are bracing for more competition under President Xi Jinping’s economic plans.
“The biggest concern for Bank of China is their asset quality,” Chen Xingyu, a Shanghai-based analyst at Phillip Securities Research, said by phone. “The trend is very obvious. We expect nonperforming loans to continue rising in the next two quarters.”
Shares of Bank of China rose 0.3 percent to close at HK$3.68 in Hong Kong before yesterday’s earnings statement. The stock, which gained 3.1 percent this year, trades at 4.9 times estimated profit for 2014, less than half the benchmark Hang Seng Index’s 11.6 times, data compiled by Bloomberg show.