Macau Business Daily September 23, 2015

Page 1

MOP 6.00

Sheraton loses legal battle for trademark registration Page 4

Closing editor: Joanne Kuai

Three indicators in China point to better economic performance than official gauges reveal Page 9

New Haitong Bank invests in Portuguese-speaking markets Page 7

Publisher: Paulo A. Azevedo Number 885 Wednesday September 23, 2015 Year IV

Asian Development Bank lowers Asian countries growth forecast Page 11

Junket Regulation Now Government Priority The last straw has been the Dore embezzlement case. Now junkets are very much under the microscope. The Secretary for Economy and Finance pledges the gov’t will soon implement internal guidelines for the industry. More stringent monitoring. Enhanced transparency. Greater shareholder disclosure. Key employees and collaborators will also be examined. Lionel Leong Vai Tac said the gov’t would ensure that monitoring would not unduly disrupt VIP operations Page

3

Pataca Playground

Closer integration. Hengqin authorities are to apply for the pataca to be circulated on the island. The general plan is expected to be finished within this year. With the pataca to be circulated for F&B, entertainment and shopping, said Niu Jing, Director of the Administrative Committee of Hengqin New Area

HSI - Movers September 22

Name

%Day

Li & Fung Ltd

+10.41

China Mobile Ltd

+4.14

Kunlun Energy Co Ltd

+2.79

China Overseas Land &

+2.51

New World Developme

+2.40

China Construction B

-1.63

Lenovo Group Ltd

-1.98

Sands China Ltd

-2.34

Cheung Kong Property

-2.72

Galaxy Entertainment

-3.43

Source: Bloomberg

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Gov’t advisor arrested in US

I SSN 2226-8294

He’s a prominent local real estate developer. And sits on the gov’t advisory body of the Chinese People’s Political Consultative Conference. Ng Lap Seng has been charged in the US with conspiracy to obstruct and making false statements. The criminal complaint was made public on Monday in federal court in Manhattan. According to the complaint, Ng brought more than US$4.5m in US cash into America from China from July 2013 to September 2015

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www.macaubusinessdaily.com

Telecommunications

Fast mobile, slow fixed Get ready. CTM officially launches 4G mobile communication services on October 20. CTM CEO Vandy Poon said for the same data usage the charges should generally be lower than 3G. Meanwhile, the Telecommunication Regulation Bureau is trying to help the city’s new fixed-line telecommunications service provider MTel Telecommunication Company Ltd. speed up construction of its network

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2015-9-25

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