Rival CTM service to start on Monday; customer fees still unknown; service only available to Android phones to start with.
Business
China Telecom yet to announce when its service will start; CTM says customers can pre-register, but only says that fees will be a ‘surprise’.
Proposed bill includes safeguard stipulating banks must deposit equivalent value of convertible foreign currency with government before issuing currency.
Next year’s budget increases by five per cent but no salary increase for civil servants; Macao’s financial reserve in September down by 2.95% to MOP 562.9 billion.
Next year’s budget for public welfare measures will cost local government about MOP 20.9 billion.
Gaming operator’s EBITDA in third quarter negative HK$535.5 million; total revenue HK$687 million, down 37.54 per cent from second quarter.
Melco generated negative Adjusted Property EBITDA of US$34.9 million on this year’s third quarter; CEO optimistic about e-visas being issued to mainland Chinese visitors.
As MOP is linked to HK$, increase follows Hong Kong’s adjustment based on US Federal Reserve’s move to raise Fed funds rate target range by 75 basis points.
Results up 31.6% on September; Macao’s six gaming operators continue to run 37 casinos, but with 32 fewer gaming tables and 345 more slot machines.