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...After Singapore, the company headed to Vietnam, Laos, Cambodia, Malaysia and Indonesia....
...“They don’t have a tendency or loyalty to any one of the companies. They can buy their bubble tea or lemon tea from this company today and the other company tomorrow.”...
...It also has about $2.2bn in exposure to Chinese property and local government debt through Citic, at a time when concerns are rising over a property market slump....
...Hong Kong shares of the company rose by 1.6 per cent on Wednesday, while the broader Hang Seng index added just 0.2 per cent....
...Analysts at JPMorgan noted that MGM China’s adjusted ebitda figure of HK$2.2bn was its highest ever, while revenue at mass tables was 174 per cent higher than during a comparable period before the pandemic...
...The company had anticipated making a profit of HK$13mn....
...The Hang Seng index, where many of China’s biggest companies are dual-listed, fell 14 per cent over the same period, its fourth consecutive annual fall....
...Some employees, though, remain pessimistic about the company’s outlook....
...China’s economy grew 5.2 per cent last year, slightly higher than its official target but at a much slower pace than before the pandemic....
...The index fell a further 2 per cent on Tuesday....
...With more than 20 restaurants and bars, indoor palm trees, a theatre seating nearly 1,000 and a 2,000-square-metre shopping centre, the ship has 16 floors and can carry 5,246 passengers, according to its...
...Every few weeks, she spends as much as HK$2,000 (US$256) in Sam’s Club, an American membership warehouse chain, in Zhuhai. “Things are much cheaper than Hong Kong,” said Leung, in her 40s....
...Xing said companies had started cutting debt and refraining from capital expenditure and hiring, while the job market was tough and salary expectations were deteriorating....
...The fourth wealth management company later also stopped making payments, investors said....
...The city’s tycoons and companies also joined these efforts....
...But as the city’s wider relevance to Beijing diminishes — it accounted for 18 per cent of China’s economy in 1997 but only around 2 per cent now — and as mainland cities such as Shenzhen grow faster, questions...
...The bank forecast the territory’s economy would grow 4.2 per cent this year....
...About 2,250 people attended the Saturday evening party at a cruise terminal, said organiser Yuga Labs, one of the pioneers in this market....
...An Evergrande bond maturing in 2025 is trading as low as 2.5 cents on the dollar....
...to cut prices by about 2 per cent this year....
...Tourism revenue per head was 2 per cent below 2019 levels — an improvement from the minus 16 per cent recorded during the Dragon Boat public holiday in June....
...Hong Kong authorities said they received more than 2,300 complaints about the platform, with claims of losses totalling as much as HK$1.4bn ($179mn)....
...kids through a work-life balance,” said Yoo Il-ho, the team leader of employment and labour policy at the Korea Chamber of Commerce and Industry....
...The private Caixin/S&P index on Tuesday also showed manufacturing declined last month, posting a figure of 49.2. A reading below 50 indicates a contraction....
...“I don’t think the added AI features are compelling enough,” said Park Kang-ho, analyst at Daishin Securities....
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