Corporate bits | CTM, FAOM collaborate on ‘Medical Records’ app

Following last year’s announcement of a strategic partnership between CTM and The Workers’ Medical Clinics of Macao Federation of Trade Unions (FAOM), the two parties today co-signed an agreement to collaborate on an application (app) for FAOM clinics.
Developed by CTM, the app hosts outreach electronic medical records, aiming to improve the efficiency and quality of Macau’s healthcare, as well as to strengthen data security and maintain the confidentiality of medical information.
According to a statement by CTM, the records will provide medical staff with a comprehensive suite of healthcare and support services, including preparation, outreach services and daily equipment management.
Both organizations are confident that the agreement will mark a great leap forward for e-health development in the region.
The app has been scheduled for a December launch.

Melco announces first-half 2016 results, profits soar

Melco International Development Ltd. yesterday announced its interim results for the six-month period ending June 30, 2016. The results from the first half of this year show that profit attributable to the owners of the company amounted to HKD10.4 billion, soaring past the HKD111.1 million recorded in the same period in 2015.
Basic earnings per share attributable to owners of the Company was HKD6.73 for the six-month period, compared to HKD0.07 for the six-month period ending 30 June 2015.
Meanwhile, revenue for subsidiary Melco Crown Entertainment in the first half of this year increased by 10.3 percent year-on-year to USD2.17 billion (about HKD16.9 billion), while Adjusted Property EBITDA increased by 7.8 percent to USD494 million (approximately HKD3.8 billion).
The improvement is being attributed to the “satisfactory performance” of Macau’s Studio City and the City of Dreams Manila, according to the company’s statement.
“Despite fluctuations in the global economy and challenges faced by the gaming industry in Macau, Melco has continued to expedite its international expansion,” said Lawrence Ho, CEO of Melco, according to a statement from the company.
“Going forward, as Macau’s gaming industry has seemingly bottomed out and started to stabilize, we remain cautiously positive about its long-term outlook. Nonetheless, Melco resolves to accelerate its efforts in boosting its market share and presence in Asia,” reasoned Ho. “We believe the resilient mass market segment will continue to be the main profit and growth driver to support a stable and sustainable industry development.”