Closing editor: Joanne Kuai
MOP 6.00
Macau billionaire to be indicted over UN bribery scheme Page 4 Chinese investors fuel growth in venture capital global investment Page 8 Basel pushes banks to double capital reserves linked to securitization debt Page 16
Year IV
Number 903 Wednesday October 21, 2015
Publisher: Paulo A. Azevedo
Facial recognition system installed at all borders by year-end Page 3
Tables Turned
One week before Studio City’s grand opening. The MSAR Gov’t has authorised 200 gaming tables and 1,233 gaming machines for Melco Crown Entertainment’s new $3.2 b Hollywood-themed resort. With another 50 effective January 1. Galaxy Entertainment Group gets another 100 new mass gaming tables for its Galaxy Macau Phase II and Broadway Resort. Almost immediately following Steve Wynn’s barbed criticism of gov’t red tape. Melco chairman Lawrence Ho said in August he expected 400 tables. Saying he would be “very concerned” if the project didn’t get that amount Page
7
IHG’s local revpar retreats Revenue per available room. A Q3 jump worldwide. But not in Greater China. IHG’s ‘revpar’ fell by double digits in Hong Kong and Macau. Where trading conditions remain challenging, according to InterContinental. IHG’s 5-star Crowne Plaza Macau is slated to open in Q4
The sector has dismissed the stock market’s troubled recent history. And now underpins the economy’s growth in Q4. China’s financial services jumped 16.1 pct in the three months through September from a year earlier
Page 8
Name
%Day
Hong Kong & China Gas
+1.16
China Overseas Land &
+0.78
Bank of Communicatio
+0.51
New World Developme
+0.36
China Life Insurance Co
+0.33
Cathay Pacific Airways
-1.83
China Merchants Holdi
-2.19
Sands China Ltd
-2.27
China Shenhua Energy
-2.95
China Unicom Hong Ko
-3.02
I SSN 2226-8294
Consolidating commercial opportunities José Manuel Barroso applauds the initiative. China’s New Silk Road will bring opportunities for Macau, he says. The former President of the European Commission was recently in the territory. Speaking of globalisation, and receiving an honorary professorship from Macau Polytechnic Institute
Page 2
Telecommunications
‘Digital Macau’ arrives www.macaubusinessdaily.com
October 20
Source: Bloomberg
Page 7
Fancy financial footwork
HSI - Movers
CTM has just launched its 4G network in Macau. And vows to continue increasing coverage of WiFi and fibre network. By yearend, CTM WiFi hotspots will increase to 1200. With 100 pct fibre to the home a reality. The telecommunications giant’s network advantage, use of ipv6 technology, IOT, data centre and cloud computing technology give it big local leverage. CTM says it’s committed to realising ‘Digital Macau’ for the whole community
Page 3 Due to the mandatory holiday on Thursday October 21, 2015 – Chong Yeung Festival (Festival of Ancestors) - Business Daily will not be published on Thursday October 22, 2015. We will be back on Friday October 23, 2015 and wish all our readers a very enjoyable holiday.
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