World recession bites. Unemployment continued to grow as companies shed staff to cut costs. Hong Kong, like its industrialized brethren countries in the West, has been weighing its options of big stimulus packages to get the economy moving forward and keep people in jobs. On February 25, Financial Secretary John Tsang Chun-wah
Don’t we all just love those rags to riches stories? How about a riches-to-more-riches story for a change? That’s exactly what the story of Macau millionaire David Chow Kam-Fai is. He was born in 1950 in a wealthy Hong Kong based family. David Chow was sent off at a tender age to America, where he [...]
I am one of those people who hum “You are so beautiful to me” every time I lay my eyes on an iPhone! The touch screen is so cool and the phone camera is awesome. And one can listen to songs and podcasts while on the move and browse the Internet too. What else could [...]
Between the credit crunch and oil prices, the markets are really getting beat up. From India to Hong Kong to Toledo to Tokyo, the financial markets and auto manufacturers stocks have dropped like a bowling ball through wet paper towels. Oil prices continued their climb to record highs. The impact on drivers and inflation has [...]
There is so much to learn from Macau. Till the turn of the century, Macau was a Portuguese colony. This unassuming special administrative region of China is build mostly on reclaimed land. Despite its humble beginning, Macau has risen, flourished and made a place for itself on the map as the world’s gaming hub. Every [...]
A report from Globalysis Ltd., a casino strategy consultancy, was published this week, making some impressive predictions about the growth of Macau’s gaming industry. In one of my many other lives, I do work for one of these think tanks, so I know that having a bunch of educated men in suits sitting around a [...]
I read an article recently about the effort to keep Shaw Brothers, a Hong Kong concern, in the hands of Hong Kong investors. Foreign private equity companies were also interested in acquiring the media company, along with its affiliate; Television Broadcasts Limited. The Hong Kong based investors want the firm to remain locally owned. This [...]
Macau has been on a high tide for a few years now. And a host of entrepreneurs and companies have tapped on its potential. From small businesses to massive venture capital firms… everyone has wanted to be a part of Macau’s success story… betting on the region’s thriving gaming industry. And Macau, built on reclaimed [...]
Surprised that a tiny city like Hong Kong can find its place on the global map and is dubbed as one of the leading business centers in the world? Sure, its proximity to the booming Chinese economy plays a significant role in attracting promising startups and ambitious entrepreneurs. What about China, the country that houses [...]
Social networking hits Hong Kong. Well actually, social networking has been a by-product of the information age in a number of countries. Hong Kong and the mainland are no exception. Back in March, CityIN, a social network in Hong Kong went public. The site’s purpose is to match people based on common interests. This has [...]
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