Business
Macau Pass has floated several ideas. It aims to enable its smartphone application users to pay for utility bills next month. The stored-value card issuer is also talking with Tradelink to develop platforms for online shopping.
Business
Clean air pledge Clean air. It was the major topic at the 2015 Macau International Environmental Co-operation Forum and Exhibition. This year, the event is themed ‘Green Economy - Solutions for Clean Air’.
Business
CTM vows to invest heavily in developing 4G networks. Initial investment: MOP600m. CEO Vandy Poon says its new network will blanket the SAR by end-2015.
Business
Bitcoin has its naysayers. But nothing education can’t solve. So says Bobby Lee, founder of BTC China, the PRC’s biggest Bitcoin exchange. Macau is perfect for the virtual currency, he maintains.
Gaming
Now Fitch Ratings has pitched in. Substantially revising down its Macau gaming revenue growth forecast for 2015. From negative 4 pct to negative 22 pct.
Politics
It’s been a long time coming. But accountability is the next stop for the LRT delay fiasco. Chief Executive Chui Sai On said the process of fines and judicial proceedings has begun.
Gaming
Investors were taken by surprise. Chui Sai On’s forecast of a 32 pct plunge in 2015 gaming revenues was unprecedented. That’s two to four times worse than market consensus.
Politics
Expectations have been high. CE Chui Sai On’s first Policy Address of his second term. Macau has entered an ‘adjustment’ period of slower growth.
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