Corporate Bits | Melco Crown donates to holy house of mercy

Melco Crown Entertainment Limited (MCE) made a donation to the Macau Holy House of Mercy’s Welfare Shop project, funding the distribution of food hampers to 340 low income families.
Akiko Takahashi, Melco Crown Entertainment’s executive vice president and Chief Officer of HR/CSR, presented a check for MOP300,000 to Antonio Jose de Freitas, president of the Macau Holy House of Mercy, at a ceremony last Saturday.
According the gaming operator’s statement, 40 members from the MCE Volunteer Team assisted the distribution of the hampers, along with a MOP100 supermarket voucher as a special gift to each family. Melco Crown Entertainment has supported the Welfare Shop project since its launch and has donated a total of MOP1.1 million.
The Holy House of Mercy established the Welfare Shop project in 2013, aiming to provide assistance to low income families affected by the rising cost of living and unchecked inflation in Macau. Every month, at least 340 households are aided by the project.

toyota expects 35 percent revenue plunge

Toyota Motor Corp is projecting a 35 percent plunge in profit for the fiscal year through March 2017, as the perks of a favorable exchange rate fade. It additionally reported a 4 percent drop in profit for January-March year-on-year at USD3.9 billion.
The Japanese automaker is expecting USD13.8 billion in annual profit, marking a decline after three straight years of record profits. That number could be far worse, as it does not account for recent production stops over supply shortages caused by a major earthquake in southwestern Japan.
Meanwhile January to March sales fell two percent to USD63 billion. However, sales for the fiscal year gained four percent to USD261 billion.
Toyota, the No. 1 automaker in global vehicle sales, sold 8.7 million vehicles for the fiscal year through March, down from nearly 9 million vehicles the previous fiscal year. Sales fell in Japan, the rest of Asia and Europe, with North America the only major market to see rising vehicle sales.