MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 724 Friday February 6, 2015 Year III
Investigation underway
The black box has been recovered. And investigations are beginning. It has emerged that the TransAsia aircraft that crashed in Taipei had a maintenance check in Macau in April. Landing at MIA because of engine problems, an airline spokesperson told Business Daily. As a result of Wednesday’s crash, the Taiwanese Civil Aviation Authority has banned the airline from applying for any new routes until February 2016. With 18 Mainland tourists killed, China will assist in the investigations. The first time it has extended help to Taiwan under such circumstances. Page
‘Challenging’ deadline Hong Kong is having a hard time. And is starting to backtrack on the deadline for completion of its part of the Hong Kong-Zhuhai-Macau Bridge. Secretary for Transport and Housing Anthony Cheung said it’s a challenge to finish by 2016. “Hong Kong is not the only one encountering problems,” he said. “Macau and Guangdong are facing the same challenges,” according to Radio Television Hong Kong
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NagaCorp revenues jump NagaCorp is on a roll. The Cambodian gaming operator’s reported a 23 pct increase in gross gaming revenues for 2014. The company said the slowdown in Macau has helped. Boosting the take from Chinese VIPs. And making them much more accessible
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A point of character
www.macaubusinessdaily.com
BTCC to replace WTCC?
Bank profits down 20 per cent in December
Page 4 Alexis Tam in Cambodia for tourism, culture conference
Page 6 Caesars names former Hertz chief Frissora as Loveman successor
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HSI - Movers February 5
Name
Trademarks mean money. Macau’s lower court rejected a request by booking.com to register its trademark here. Because the font of the text differed from that of the logo. The company filed an appeal. Now the Court of Second Instance has ruled in favour of the company. Declaring that the brand has, as argued, acquired its own distinguishing character
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Pension problems
%Day
China Resources Land
3.45
China Unicom Hong Ko
3.37
China Mobile Ltd
2.56
Tingyi Cayman Island
2.04
China Construction B
1.91
CNOOC Ltd
-2.16
PetroChina Co Ltd
-2.28
Kunlun Energy Co Ltd
-2.30
China Shenhua Energy
-2.34
China Resources Powe
-6.32
Source: Bloomberg
I SSN 2226-8294
According to a motoring magazine, overtures have been made. The Macau Grand Prix Committee has approached the organisers of the British Touring Car Championship (BTCC). They would like to replace the WTCC race finale that moves to Qatar this year. Macau has offered to pay for freight and travel. An incentive the Brits say is appealing. Meanwhile, Business Daily has been told that this year’s GP would host a TCR International Series race
The Chinese economy is slowing. Impacting pensions. Especially those related to migrant workers. The interregional money transfer process has not assured them
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