Beijing plans to dismantle capital controls by 2020 Page 8 China’s authorities mull different measures to curb capital outflow Page 9
Melco lenders face crunch as tables fall short of targets Page 4
UberBLACK Tests Taxi Parameters
Year IV
Number 904 Friday October 23, 2015
Publisher: Paulo A. Azevedo
Closing editor: Joanne Kuai
MOP 6.00
ICBC Macau ranked 3rd strongest bank in Asia Pacific Page 6
Uber. Often a touchstone for controversy. Offering UberBLACK in Macau for starters. Connecting passengers CE to deliver 2016 Policy with drivers. And providing high-end vehicles at fares slightly higher than those of regular taxi services. Address on 17 November A pool of drivers, pricing and Uber culture are all hurdles to overcome, say interest groups. While a local Page 3 taxi association questions the legality of the ‘flexi’ concept and licensing considerations. Macau is the DICJ demands 343rd city in which Uber has offered its services strict compliance Page
3
Litigation Looming
Page 3 Better gaming performance anticipated in October
Long time partners. But Geocapital has driven a stake into Stanley Ho and Jorge Ferro Ribero’s relationship. Sources claim unpaid staff, suppliers, banks and taxes have collapsed the company. Local economist Albano Martins has left the enterprise. Due to salary arrears. And disagreement about the use of funds by major shareholder Jorge Ferro Ribeiro
Page 3 Macau Gaming Show attracts British companies
Page 2
Page 2
HSI - Movers
Sandstorm
Sands China’s Q3 profits are down 33 pct. With increasing competition in the city cited by analysts. Adjusted earnings before interest, taxes, depreciation and amortization shrank to US$545m from US$811.6m a year earlier. “It’s virtually impossible for us to tell you what we how to think about Macau,” said non-plussed owner Sheldon Adelson
Page 5
Xi Jinping Uk visit www.macaubusinessdaily.com
from junket operators
October 22
Name
%Day
China Merchants Holdi
+2.62
Swire Pacific Ltd
+2.50
Li & Fung Ltd
+1.16
Sino Land Co Ltd
+1.11
CK Hutchison Holdings
+1.03
PetroChina Co Ltd
-2.66
CNOOC Ltd
-2.84
China Unicom Hong Ko
-2.92
China Mobile Ltd
-3.08
Lenovo Group Ltd
-4.14
Source: Bloomberg
Linking London A Memorandum of Understanding has been signed. For a trading link between Hong Kong Stock Exchange and London Metal Exchange. Signed as part of the initiatives announced at a ceremony attended by Chinese President Xi Jinping and British PM David Cameron
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