MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 706 Tuesday January 13, 2015 Year III
Technical hitch I t’s a question of legality. The Commercial Vehicles’ Owners Association says a taxi and mini-van hailing app contravenes the law. Because some travel agency vans are being used for the purpose. The Association claims travel agencies cannot legally provide such on-call services. According to administrative regulations tourism agencies must state a clear travel purpose for their car dispatching service. Violators may be fined up to 10,000 patacas PAGE
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Prostitution ring busted Six alleged ringleaders have been arrested. Plus 96 ladies of the night. Casino mogul Stanley Ho’s nephew Alan Ho has been led away in handcuffs. Police say Hotel Lisboa staff and management facilitated sex for sale on the premises. The scam allegedly started in 2013, and involved more than MOP400 million
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Bank profits drop to record low in November Page 3
Junkets affected by ‘cheaper’ VIP clients Page 4
Gov’t loosens social housing income limit
HSI - Movers
Jewel in the Melco Crown
January 12
Name
Studio City opens its doors to the public in Q3. Complete with the highest ferris wheel in Asia, at 130 metres tall. It’s all part of the new paradigm. The cinematic-themed resort is chasing the non-gaming market. Although it needs to be funded by gaming . . .
Pages 6 & 7
%Day
Cheung Kong Holdings
14.74
Hutchison Whampoa Lt
12.53
Wharf Holdings Ltd/T.
2.78
Swire Pacific Ltd
1.55
Power Assets Holding
1.33
China Merchants Hold
-1.14
China Resources Ente
-1.38
Li & Fung Ltd
-1.50
China Shenhua Energy
-1.53
Galaxy Entertainment
-2.99
Source: Bloomberg
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www.macaubusinessdaily.com
I SSN 2226-8294
Keep e-calm Shanghai stocks are enjoying an extraordinary performance. But Chinese e-companies listed on foreign market exchanges aren’t cashing in. Analysts say they just need to be patient
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