Hong Kong braces for Super Typhoon Ragasa; schools, businesses shut

HONG KONG (Reuters) -Hong Kong hunkered down for Super Typhoon Ragasa on Tuesday, one of the strongest storms in years, shutting schools and some businesses, while most passenger flights from the city’s airport are to be suspended later in the day...

Hong Kong braces for Super Typhoon Ragasa with schools, businesses shut

Ragasa swept through the northern Philippines on Monday, prompting President Ferdinand Marcos Jnr to order the country's disaster response agency to go on full alert and mobilise all government agencies. The Hong Kong Observatory said hurricane...

Moody’s lowers outlook for Macau’s SJM Holdings to negative on elevated leverage, satellite casino uncertainty

Moody’s Ratings has become the second ratings agency in a little over a week to lower its outlook for Macau’s SJM Holdings, pointing to the company’s elevated leverage and uncertainty around whether it can hold onto satellite casino customers when...

Macao’s residential property transactions and prices plummeted in August 

A total of 235 residential properties were sold in Macao in August, a decrease of around 19 percent in comparison to the 291 units recorded the month before. Stamp duty data from the Finance Service Bureau indicates that property sales fell across...

CTT promotes Macao 2026 at Philakorea

The Macau Post and Telecommunications Bureau (CTT) promoted the upcoming “Macao 2026 Specialised World Stamp Exhibition” (aka “Macao 2026”) during the Philakorea 2025 World Stamp Exhibition in the South Korean capital Seoul from last Wednesday...

Business News | Tata AIA Unveils Two New Funds Focused on India's Sector Leaders, Combining Long-Term Wealth Creation with Life Insurance Protection

VMPL Mumbai (Maharashtra) [India], September 18: As India's economy continues to expand, driven by rising consumption, increasing disposable incomes, and growing demand supported by lower interest rates, the country's leading companies--sector...

Macau: DSEC releases 2024 Gaming Sector Survey; receipts rise 23%

DSEC report shows rising receipts, operating expenses and gross surplus. By Gambling Insider Key points: - The Gaming Sector recorded growth in receipts and expenditure in 2024 as tourism activity resumed - Operating expenses, customer services...

Typhoon Ragasa could swamp Macao with two-metre floods

Macao authorities are warning that Super Typhoon Ragasa has a “very high chance” of reaching within 100 kilometres of Macao, with the cyclone barreling south of the city on Wednesday and hitting it with the full force of its winds. At a meeting...

Financial reserves reach MOP650 billion

The city’s financial reserve closed July at over MOP650 billion, up 0.43% from June, an increase of MOP2.8 billion, according to the Monetary Authority of Macau. Investments of the reserve generated MOP26.361 billion in revenue during the first...

Spanish traveler experiences Guangzhou company's autonomous vehicles

By Yuan Meng, Wang Xiaoping, Zhang Rong, Wu Sanye, Alvaro Lago (People's Daily Online) 16:37, September 22, 2025 Guangzhou, the capital city of south China's Guangdong Province, is seeing rapid growth in autonomous driving technology. Alvaro Lago,...

Business Brief (Sept. 17): Beijing to Expand Service Consumption

China’s Ministry of Commerce, along with eight other government agencies, has launched a series of policy measures aimed at boosting domestic service consumption. The measures focus on increasing financial support for consumer credit, expanding...

Macau gaming 2024 gross surplus up 25pct y-on-y to US$18bln, but overall expenses up 18pct: govt

The Macau gaming sector’s gross surplus before taxes in 2024 rose 24.7 percent year-on-year to MOP143.12 billion (US$17.87 billion), though the overall cost of doing business also went up in the same period, and by 18.0 percent. Nonetheless, the...

Macau’s distressed retail property volume set to climb, JLL says

The volume of distressed retail properties in Macau is expected to continue rising amid a tightening credit environment and broader economic uncertainties, including the phased closure of satellite casinos by year-end, property consultancy Jones...

Macao’s government is now gathering public opinion for the 2026 policy address 

The Macao government is currently collecting public opinion for its 2026 policy address, with the one-month consultation period set to run until 17 October. In a statement, the government said that residents may submit their opinions through the...

Uber-like ‘Welcome Pickups’ recruiting drivers to start service in Macau

Welcome Pickups, a company that offers transport services by linking drivers with passengers through a dedicated mobile application, is recruiting drivers in Macau. The information came from a series of posts by the company on its social media...

Macau, Hengqin to strengthen ties in investment fund industry

Macau and neighbouring Hengqin can further boost financial cooperation, particularly in the investment fund industry, as Macau prepares to implement its new Investment Funds Law at the start of next year. The remarks were made by representatives...

DFI Retail Group Partners with Toumi Foods to Bring Award-Winning Low-Carbon Rice to Hong Kong and Macau, Advancing Sustainability Goals for 2026

HONG KONG SAR - Media OutReach Newswire - 22 September 2025 - DFI Retail Group ("DFI" or "the Group") is pleased to announce a five-year partnership with Toumi Foods and Product Co., Ltd. ("Toumi"), one of Thailand's leading rice exporters. This...

Economy expected to see moderate recovery through November

The local economy is expected to maintain a path of modest recovery in the coming months, according to the latest economic sentiment index released by the Macau Economic Association. The group reported that the index stood at 6.2 in July and 6.1...

Super Typhoon Ragasa nears Macau, with threat of Hato-like flooding

Almeida Ribeiro street flooded during Typhoon Hato in August 2017 Typhoon Ragasa, which rapidly intensified to become the strongest typhoon in the northwest Pacific this year in just 30 hours, is forecast to strengthen further by tomorrow. The...

I left my job at the world's biggest beer company for startup life. I knew Asia was the right place to do it.

This as-told-to essay is based on a conversation with Yann Schuermans, the CEO of Baskit, who is based in Jakarta, Indonesia. His words have been edited for length and clarity. By 30, my career looked ideal on paper, but I couldn't ignore the pull...