THE M3: BOMBARDIER INJUNCTION; HO DRAMA; S'PORE MICE; LOANS

The Macau Metro Monitor, February 9, 2011

 

GOVERNMENT CHALLENGES BOMBARDIER INJUNCTION Macau Daily Times, macaubusiness.com

A Transportation Infrastructure Office (GIT) spokesperson said the Macau government has challenged Bombardier's injunction by claiming the injunction would seriously harm the population, by delaying the construction works of LRT and the conclusion of the regional transportation network it belongs to.  Last week, GIT said the injunction would not have “a great impact on the project’s full development.”

 

The challenge was filed at the Court of Second Instance (TSI).  TSI should reach a final decision within two weeks.  If the court accepts the injunction, Bombardier is likely to launch a legal appeal against the tender decision, which means the LRT process could remain frozen for up to a year

 

Another bidder in the MRT tender, Siemens, has requested more details on the process from the government. The company has not decided whether also to pursue an injunction.

 

STANLEY HO HAS YET TO RECEIVE PROPOSALS TO SOLVE FAMILY BRAWL: LAWYER macaubusiness.com

Stanley Ho still has not received a formal proposal from family members to solve the dispute over his assets distribution.  Mr. Oldham, Ho's lawyer, said a new court case would be filed today against Mr. Ho's family to recover his assets.


EXPO ADDS CONVENTION WING TO UP MICE INDUSTRY SHARE Strait Times

Resorts World Sentosa hosted more than 1,000 events last year, while Marina Bay Sands hosted 700 events.  The Singapore Expo is adding a new convention wing called Max Atria which has 23 meeting rooms and function areas.  It is scheduled to open in 1Q 2012.

 

LOANS RISE FAST macaubusiness.com

According to the Monetary Authority, domestic loans to the private sector grew 4.9% on a monthly basis to MOP130.5BN in December.  Loans to restaurants, hotels and similar businesses, personal housing loans and loans to the gaming sector increased QoQ at 20.9%, 11.3% and 7.5%, respectively.