The Macau Metro Monitor, November 12, 2012
CHINA'S LOANS UNEXPECTEDLY FALL AS MONEY SUPPLY MISSES FORECASTS Bloomberg
Chinese banks extended 505.2 billion yuan (US$81.1 billion) of local currency loans, down 14% YoY. The median estimate was 590 billion yuan in a Bloomberg News survey. M2 increased 14.1%, compared with a median forecast of 14.5%.
VENETIAN DATA PROBE READY EARLY NEXT YEAR: GOVT Macau Business
According to the Macau Personal Data Protection, the probe on whether Venetian Macau breached Macau’s law on personal data protection will be completed by early next year. Venetian Macau could be fined between MOP8,000 (US$1,000) and MOP80,000 if it is found to have breached provisions on data protection regulations. The probe is related to Steve Jacobs.
According to a news report from U.S.-based ProPublica.org, Sands China and it parent company LVS moved documents from Macau to the United States in 2010 without the prior authorization of the Macau government. The information allegedly transferred to the U.S. was stored on Jacobs' office computers in Macau, and was moved to Las Vegas a few days after he was fired, in July 2010, the ProPublica.org report says.